It’s time for another episode of The Nick Fong PODCST. In this week’s PODCAST, Nick Fong, the broker and founder of Ronival Real Estate, meets with Immigration Specialist and Lawyer Eduardo Chavez. Together, they present how to resolve all of your doubts about how to live legally in Baja California Sur.
When you wish to purchase a home in Baja Sur, what do you need to do? This presentation from Nick Fong and Eduardo Chavez gives you all the answers you need. Therefore, read on to uncover how to live legally in Baja.
The common topic of immigration
As Nick tells Eduardo in the video, 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.
Since 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.
Learn a little about Eduardo Chavez
Originally from Guadalajara, Mexico, Eduardo Chavez received both his Masters Degree and his Legal Apprenticeship there. Then, he moved to the
Estado de Guerrero, Mexico, where he became a district attorney for immigration – he was the number two attorney in the state. That means, Eduardo knows immigration.
Tourist Visas versus Resident Visas
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.
The first Resident Visa is the Temporary Residency Visa, according to Eduardo. Then, the second one is called the Permanent Resident Visa. 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.
Temporary Resident Visas can be one, two, or three year visas. Then, they simply get renewed or updated to permanent. It all depends on your own situation and how long you stay in Mexico. Also, it allows you to earn income in Mexico.
Temporary Residency Visa in Mexico
You may purchase real estate in Mexico with a Mexican Tourist Visa, which is obtained at the airport when you enter Mexico. But, if you plan to stay in Mexico, it’s a good idea to obtain a Mexican Temporary Residency Visa.
Here’s the lowdown…
Foreigners who intend to stay in Mexico for more than 180 days must attain their Temporary Residence Visa. First, you must 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.
The 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
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.