{"id":8600,"date":"2018-05-08T19:17:38","date_gmt":"2018-05-09T00:17:38","guid":{"rendered":"http:\/\/quadranslawandfinance.com\/?p=8600"},"modified":"2018-06-20T16:47:33","modified_gmt":"2018-06-20T21:47:33","slug":"buying-a-property-in-mexico","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/buying-a-property-in-mexico\/","title":{"rendered":"How to guarantee success at buying a property in Mexico"},"content":{"rendered":"<h1 style=\"text-align: center;\"><strong><span style=\"color: #000000;\">How to guarantee success at buying a property in Mexico<\/span><\/strong><\/h1>\n<p><span style=\"color: #000000;\">Mexico has become a destiny for foreign inversion specially in the Real-Estate area of the country.<\/span><\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><a style=\"background: url('http:\/\/twitter.antoniorull.com\/img\/tuit.png') right top no-repeat rgba(0, 152, 209, 0.1); padding-right: 15px; color: #000000;\" href=\"https:\/\/twitter.com\/intent\/tweet?url=http%3A%2F%2Fquadranslawandfinance.com&amp;text=Foreigners%20can%20buy%20properties%20in%20Mexico%20as%20long%20as%20certain%20requirements%20are%20done. \" target=\"_blank\" rel=\"noopener\">Foreigners can buy properties in Mexico as long as certain requirements are done.<\/a><\/span><\/h3>\n<p><span style=\"color: #000000;\">If any of the acquisitions is made through a bank trust, an agreement will me made in which as a foreigner you must resign to the possibility of summoning your own government&#8217;s protection of your acquisitions, besides, it is a mandatory requirement that your properties must be outside a restricted area, this means 100 kilometers away from land borders and 50 kilometers away from the beaches.<\/span><\/p>\n<p><span style=\"color: #000000;\">Having an expert opinion (real-estate agent or lawyer) will help you to follow the right procedure. <\/span><\/p>\n<h2><span style=\"color: #000000;\">The requirements are the following:<\/span><\/h2>\n<ol>\n<li>\n<h4><em><span style=\"color: #000000;\">Permit of Mexican Government<\/span><\/em><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">The Mexican Government must grant a previous permit to all foreigners who wishes to acquire properties in Mexico<\/span><\/p>\n<p><span style=\"color: #000000;\">This formality must be done personally attending the SRE (Ministry of Foreign Affairs) at the General Direction of Legal Affairs at Mexico City, however, through a power of attorney a legal representative can do the formality.<\/span><\/p>\n<ol start=\"2\">\n<li>\n<h4><em><span style=\"color: #000000;\">Present an application.<\/span><\/em><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">The applications must be filled by computer or typing machine, plus the annexes must be attached in their original form plus two copies with the petitioner information:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Name and last name.<\/span><\/li>\n<li><span style=\"color: #000000;\">Nationality.<\/span><\/li>\n<li><span style=\"color: #000000;\">Number of Immigration document.<\/span><\/li>\n<li><span style=\"color: #000000;\">Immigration Status.<\/span><\/li>\n<li><span style=\"color: #000000;\">Address (were the notifications will be received.)<\/span><\/li>\n<li><span style=\"color: #000000;\">Information of an authorized person who can receive the certificate.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">*The application must be signed by the applicant and it must prove the petitioner&#8217;s condition of residence.<\/span><\/p>\n<p><span style=\"color: #000000;\">It also must include the information of the property to be bought:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Description and location of the property.<\/span><\/li>\n<li><span style=\"color: #000000;\">Buy permit.<\/span><\/li>\n<li><span style=\"color: #000000;\">Type of payment.<\/span><\/li>\n<li><span style=\"color: #000000;\">Attachments with the data describing surfaces, boundaries and measures.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">*It all must have the applicant&#8217;s signature or the legal representative&#8217;s if required.<\/span><\/p>\n<ol start=\"3\">\n<li>\n<h4><span style=\"color: #000000;\">Mortgage credits<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">The purchase must be done through a bank organization, these agencies are typified for giving benefits such as:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Fixed fees.<\/span><\/li>\n<li><span style=\"color: #000000;\">Insurance.<\/span><\/li>\n<li><span style=\"color: #000000;\">Fixed installments.<\/span><\/li>\n<li><span style=\"color: #000000;\">Co-financing (if the applicant works in the country.)<\/span><\/li>\n<li><span style=\"color: #000000;\">Applies for IMSS or FOVISSSTE.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">To apply for a mortgage you need the following:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Prove legal and regular income<\/span><\/li>\n<li><span style=\"color: #000000;\">Hand-in the migratory document FM2 or FM3<\/span><\/li>\n<li><span style=\"color: #000000;\">Have some time living in Mexico (the time required depends on each bank agency)<\/span><\/li>\n<li><span style=\"color: #000000;\">Be over 18 years old<\/span><\/li>\n<li><span style=\"color: #000000;\">Be economically active<\/span><\/li>\n<li><span style=\"color: #000000;\">Have a labor seniority of at least a year.<\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h4><span style=\"color: #000000;\">Additional accreditations.<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">When an application is done through a legal representative you must have a special power of attorney to make the arrangement that allows you to get all the requirements.<\/span><\/p>\n<p><span style=\"color: #000000;\">When the applicant is a foreign legal person, the legal existence must be proved by presenting:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Documentation of their home country.<\/span><\/li>\n<li><span style=\"color: #000000;\">The translation of a specialized expert if needed.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">In your purchase contract, everything that must be on a property agreement must be covered: parts, price, deposit and payment terms, the diligence, classic clauses, no-compliance rules, closure date and signatures, do not buy properties illegally and approach the experts that will help you take good care of your heritage.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Legal and accounting consulting at Playa del Carmen<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to guarantee success at buying a property in Mexico Mexico has become a destiny for foreign inversion specially in the Real-Estate area of the country. Foreigners can buy properties in Mexico as long as certain requirements are done. If any of the acquisitions is made through a bank trust, an agreement will me made [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-8600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to guarantee success at buying a property in Mexico - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/buying-a-property-in-mexico\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"How to guarantee success at buying a property in Mexico - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"How to guarantee success at buying a property in Mexico Mexico has become a destiny for foreign inversion specially in the Real-Estate area of the country. 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