Mexico
At a Glance Covering 760,000 sqare miles (almost two million square kilometers) The fifth largest country in the Americas Population 112 million Official Language Spanish Currency Mexican Peso GDP per Capita (PPP) - $14,406 (2010 est.) Climate Mexico one of the world's most diverse weather systems
Government: Federal constitutional republic Mexico has one of the world s largest economies and is considered both a regional power and middle power The sixth largests oil producer in the world with 3.7 million barrels per day
GUADALAJARA CITY DESTINATION 10th largest city in Latin America The city's economy is based on technology with a large number of international firms having manufacturing facilities in Guadalajara. Other more traditional industries, such as shoes, textiles, and food processing are also important. This city was named American Capital of Culture in 2009 Considered to be the home of Tequila and Mariachi music Host city for the OCTOBER 2011 Pan American Games
Cost of Living Guadalajara Rent US$300 HOA Fee 0 Property Taxes 0 Transportation 50 Gas 40 Electricity 100 Telephone 50 Internet 50 Cable TV 50 Household Help 200 Food 300 Entertainment 100 Health Insurance 30 Travel 200 Miscellaneous 100 Total Monthly Expenses US$1,570
Property Costs Guadalajara Rent for US$300 to US$500 per month Build for as little as US$60 per square foot Buy for US$100,000 and up to US$1.2 million
San Miguel de Allende Colonial City Located in the far eastern part of the state of Guanajuato in central Mexico Most foreign residents are retirees from the United States and Canada attracted here by the mild climate and cultural opportunities San Miguel has one of the largest American communities in Mexico
Cost of Living San Miguel de Allende Rent US$300 HOA Fee 0 Property Taxes 0 Transportation 30 Gas 40 Electricity 100 Telephone 50 Internet 50 Cable TV 50 Household Help 150 Food 200 Entertainment 200 Health Insurance 30 Travel 200 Miscellaneous 100 Total Monthly Expenses US$1,500
Property Costs San Miguel rents can start at US$300 up to US$600 Purchase prices vary from US$100,000 up to US$3.8 million for a luxurious Hacienda Style home.
Mayan Riviera Caribbean coastline 81-mile stretch of pristine beaches and some of the most ecologically bio-diverse land in the world Close proximity to many of Mexico's most significant Mayan archeological sites Diverse and dynamic towns rich with local and international influences Diving and snorkeling in the second largest coral reef on earth Eco Theme parks, golf courses, spas, shopping, and gourmet dining Top Destination in Mexico for six consecutive years by Travel Weekly
Cost of Living Mayan Riviera Rent US$700 HOA Fee 0 Property Taxes 0 Transportation 160 Gas 30 Electricity 80 Telephone 50 Internet 50 Cable TV 40 Household Help 120 Food 200 Entertainment 200 Health Insurance 30 Travel 200 Miscellaneous 100 Total Monthly Expenses US$1, 660
Property Costs Renting in common tourist areas in the Mayan Riviera can range from US$600 to US$1,200. Purchase prices vary from US$167,000 up to US$425,000 for a luxurious detached Residence.
Puerto Vallarta & Riviera Nayarit Became famous in 1964 when Richard Burton & Elizabeth Taylor filmed La noche de la Iguana The bay itself is Mexico s largest and one of the world s deepest, with recorded depths of more than 3,000 feet 192 miles of pristine beaches on Mexico's Pacific coast The Mexican Tourism Board created Riviera Nayarit to brand and promote the most popular destinations in Mexico on the Pacific coast.
Cost of Living Puerto Vallarta Rent US$400 HOA Fee 0 Property Taxes 0 Transportation 40 Gas 20 Electricity 100 Telephone 50 Internet 30 Cable TV 40 Household Help 200 Food 200 Entertainment 200 Health Insurance 30 Travel 100 Miscellaneous 100 Total Monthly Expenses US$1510
Property Costs Puerto Vallarta and Riviera Nayarit Rent for US$400 to US$1,000 per month Build for as little as US$100 per square foot Buy for US$100,000 up to US$2 million.
Mexico Pros English spoken U.S. and Canadian dollar accepted Variety of real estate options; price points to suit every budget Low property taxes Low cost of living Affordable household staff (maid service and gardener) Great weather year round World class amenities and services such as legal and medical available in English Growing expat community with a year round array of social events and activities Fabulous golf, boating, and water activities throughout the year Chain outlets such as Wal- Mart, Home Depot, Costco and all the comforts of home Business opportunities International schooling options Friendly people Mexican cuisine 2011 2011 Live Live and and Invest Invest Overseas, Inc. Inc.
Mexico Cons Mañana attitude Bumpy roads and speed bumps Old public transportation in some areas Innacurate representation of Mexico in international media Natural hazards Minor earthquakes and hurricanes
Residency 2 types of Immigrant Permits: No Immigrant FMM: Vacation (airline provides it) FM3: Visitors for 1 yr (renewable) Immigrant FM2: PERMANENT RESIDENCY AND WORK IN MEXICO. Retirees, Investors, Professonals, Artists, Sports people,etc MEXICAN CITIZENSHIP *Married to a mexican national or a specific time in different circumstances * Mexico is home to the largest number of U.S citizens abroad
Medical Care Is it safe to get sick in Mexico?? ABSOLUTELY! IMSS US$300 a year University of Guadalajara, has signed agreements with the U.S. to train American students in Medicine. Mexico City has the largest hospitals in Latin America and is a training ground for many specialists. Medical tourism is a growing industry--mayan Riviera, Cancun, and Puerto Vallarta are leaders in plastic surgery procedures, dental, and gastric bypass. English-speaking doctors Costs are half than in the United States (or less) Prescription drugs can be a bargain
Things that are the Same Computers Knowledge State-of-Art Facilities Things that are Different Fee for Service Time spent with patient 2011 Live and Invest Overseas, Inc.
Taxes One of the lowest Tax Rates in Latin America Income Tax (only if you work in Mexico) Capital gains tax rate is 28%... exemptions can apply Sales tax rate varies between 11% and 15% (with some exceptions such as groceries)
Accessibility You can travel to Mexico by land, sea, or air. Mexico fall in the top ten countries most visited by international tourists. 2010-22.4 million The Mexico City International Airport remains the largest in Latin America. Cancun International alone draws 12.4 million tourists per year. Direct flights to U.S., Canada, and Europe.
Retiree Benefits 15% off hospital bills (if no insurance applies) 20% off prescription medicines 20% off medical consultations 15% off dental and eye exams 50% off entertainment anywhere in the country (movies, concerts, sports) 50% off hotel stays from Monday through Thursday 30% off bus, boat, and train fares
RECREATION Surrounded by the Gulf of Mexico, Pacific, and Caribbean coasts Archeological and historical landmarks Museums, theaters, amusement parks surfing, fishing, golf, horseback riding, hiking, whale watching, nightlife City tours Spas etc.
Is Mexico the country for you??? Post 9/11 Southern Migration for quality of life and retirement A significant percentage of baby boomers have been doing the research, and are making the life changing decision to move out of the U.S. THE NUMBER ONE DESTINATION IN THE WORLD IS MEXICO There are already 2,000,000 property owners and in the next 15 years there will be aproximately 6,000,000 Americans and Canadians moving full or part time to Mexico. SOURCES: Social Security, IRS, AARP, US State Department
2011 Live and Invest Overseas, Inc.
TESTIMONIALS "We've been to many Mexican resort communities, however, on a recent trip to Tulum we were truly impressed by the region's overall simplicity, and hope that the area will stay as natural as possible. As we love to travel, learn about different cultures and people's way of life we really appreciate that Tao is being built with a concern for the environment; as well as with an emphasis and focus on eco-development LASZLO HORVARTH, California, USA. "I had initially never considered Mexico as a real estate investment option, however I thought, 'why not go down and at least have a nice vacation'. But when I arrived, I was blown away and surprised by Riviera Maya's beauty.and really surprised by the quality of the development This is my second trip to Mexico and at the end of my stay, I decided to buy a condo." LANE WILSON, British Columbia, CANADA.
TESTIMONIALS My husband Grant and I have been looking at property in Mexico for the past 2 or 3 years. We have looked at houses, condos and lots to build on. We have considered renting and owning, part time and full time, on the ocean and in the mountains. We even created a spreadsheet with our list of needs and desires ranked and sorted. But when we visited Puerto Bahia Villas and Spas we instantly felt this was the right place for us both as an investment opportunity and as a home. Everything that was most important on our list - especially that amazing ocean view we found at Puerto Bahia at a price that was extremely reasonable. So we didn t just buy a lot we bought 2! One to build our dream home on and the other to use as an investment. We are convinced that not only is Puerto Bahia a great place to live, but that property values in this area will certainly increase as more people choose to live here on beautiful Banderas Bay. Grant & Karen Swanson Saskatchewan, Canada