Welcome to another episode of The Nick Fong PODCST where Nick Fong, the founder and broker of Ronival Real Estate, meets with Eduardo Chavez, an Immigration Specialist and Lawyer in Mexico. In the video, the two of them reveal just how to resolve all of your doubts about how to live legally in Baja California Sur or anywhere in Mexico.
If you decide to buy real estate in Baja Sur, what do you need to do? In this PODCAST from Nick Fong and Eduardo Chavez, they provide you with all the answers you may be asking. Now, continue reading to learn exactly how to live legally in Baja Sur.
About Eduardo Chavez: Immigration Specialist
Eduardo Chavez is originally from Guadalajara, Mexico. There, he received both his Masters Degree and his Legal Apprenticeship. After that, he became a district attorney for immigration in Estado de Guerrero, Mexico. At that time, he was the number two attorney in the state. As such, Eduardo really knows immigration well.
The topic of immigration is quite common
Being that the topic of immigration is so common, Nick and Eduardo decided to have this interview in order to provide some much needed help. They are here to resolve your doubts and reveal just how simple it really is to live in Mexico legally.
In the video, Nick tells Eduardo that the majority of people who buy homes in Baja California Sur are foreigners to Mexico. To elaborate, the majority of Nick’s clients are from the United States and Canada. As such, the topic of immigration is quite common. It comes up a lot.
A Resident Visa versus a Tourist Visa
As Nick mentions in the video, his clients can purchase property with only a Tourist Visa. But as Eduardo states, once you buy real estate in Mexico, you are no longer a “tourist.” As such, it’s important to attain a Resident Visa. Owning property means paying property taxes along with other legal obligations in Mexico.
Before you can get a Permanent Resident Visa, you must get a Resident Visa first, as Eduardo says to Nick. After that, the second Visa is called the Permanent Resident Visa, as mentioned. The Temporary Visa must be renewed and you need to have a Temporary Visa for at least four years before you can get a Permanent Resident Visa, as explained by Eduardo.
Regarding the timeframe, a Temporary Resident Visas can be one, two, or three years. When they expire, just renew them or update them to permanent. It all depends on your own situation and how long you stay in Mexico. On top of that, it allows you to earn income in Mexico.
Mexican Temporary Residency Visa
Purchase real estate in Mexico without any problems using a Mexican Tourist Visa. Obtain this visa at the airport after entering Mexico. But, if you plan to stay in Mexico, it’s a good idea to obtain a Mexican Temporary Residency Visa.
Your Temporary Resident Visa will only be granted for one year when you first obtain it. Then, after the first year, temporary residents may apply for one, two, or three years renewal of their temporary resident card.
If you’re a foreigner who intends to stay in Mexico for more than 180 days, you must attain your Temporary Residence Visa. To begin, you have to prove your income and show that you can support yourself while living in Mexico. Of course, if you’re an investor, or you already own real estate in Mexico, you probably already qualify for a Temporary Residency Visa.
You may listen to the full episode by clicking here https://spoti.fi/3P3dPLG or click here https://apple.co/388kvHY
Baja California Sur real estate
Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home. Discover how to purchase your dream home in Baja. Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.
Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!
If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire. Or, call directly at 619-831-2000. Ronival will be happy to answer your questions You can also schedule a time to show you around this breathtaking location.
Ronival on YouTube
See Nick Fong in action on his Ronival YouTube Channel. Find his videos on the Rovival VLOG, where you can read a short, yet in-depth post. Below is an example of one of Nick Fong’s Ronival videos:
Thank you for reading How to invest and live legally in Baja Sur: REVEALED. Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.