Legal formalities

Arsone4179 wrote:

Greetings all, my name is Adam.  My wife and I are getting sick and tired of all the political garbage and the rising cost of living in the US, California in particular.  We own a house in California and i have developed a plan to immigrate to Mexico and wanted to see if its doable, legally and the steps I need to follow to make it happen.  I am a self-employed landscaper and my wife is a public school teacher.  My plan is, if the price of housing market continues to increase and our house gets to a certain financial value, we are planning on selling our house and move to Acapulco.  What I want to do, if our house ever reaches my target price, is to buy a modest house outside Acapulco area and buy  2-3 investment properties to rent out as vacation rentals on airbnb and the like.  This would be our income maker while residing in Mexico.  Is this possible to do in Acapulco and what are the laws regarding that?  Any info or links on the matter will be much appreciated

So Adam, are you a Mexican native? I ask because of your decision to move to Acapulco? It is not a place most expats ask about. The people I have known who vacation there are Hispanic. People who are native and of course very fluent in Spanish.  Are you aware that it has been, and continues to be the vacation choice for the cartels? Having rental property there might be pretty tricky.

If you are not fluent and do not know people I would suggest broadening your options. Perhaps you should visit Mexico again. As far as immigration goes, you have to start with the Mexican counsel in your state. They will tell you the current rules and paperwork required to start that process.

Do you live or have ever lived in Acapulco? I've talked to a couple real estate agents there and all they said in that I need a bank to purchase the title for me.  My experiences around the world have shown me anything is possible with time and money

Arsone4179 wrote:

Do you live or have ever lived in Acapulco? I've talked to a couple real estate agents there and all they said in that I need a bank to purchase the title for me.  My experiences around the world have shown me anything is possible with time and money

No one has said you have to have lived there Adam. I was just saying there might be safer places where you would be more successful. I was talking to my native friend about your plan and when I said Acapulco his eyes got very big and he shook his head, then he said why? I had no answer.  My landlady who is native and bilingual said she had a condo there that her family uses, then she talked about all of the precautions she goes to traveling there.

Acapulco has had and continues to have a history of being sort of dangerous, or very dangerous and then sort of ok, or pretty ok. You are the first expat I have seen who wants to live there and rent properties out there.  Most people talk about SMA, Rosarita, Ensenada, Merida, etc.

Hi to all and Adam, going back to the question and presuming you are not Mexican
1- contact the Mexican consulate in your area and ask your question
2- immigrating to Mexico on what bases a) permanent or temporary residents doesn't allow you to do business including rental of property
3- if you're allowed to have rental properties then make sure to do it legally (registered to the RFC, collect the IVA on rentals and pay your income taxes to Mexico

Yes, everything is doable BUT make it LEGALLY and don't forget that with the actual government in Mexico reduction of corruption and illegal work/business is a primary goal...THE PUEBLO PRIMERO!

As far as your choice of area for your project that is your personal decision.

Adios y buen dia a todos, GyC