The state government has introduced Quintana Roo’s new environmental reform. This requires all real estate developments to submit an Environmental Impact Statement (EIS). This measure, aimed at curbing irregular urban growth, ensures that new and existing properties meet environmental standards. By making…
The Congress of the State of Quintana Roo recently approved a package of fiscal reforms in 2024 that amend, repeal, and add various provisions to the state's legal framework. Of course, this will impact the real estate market in the Riviera Maya.…
The state government has made it easier for potential real estate buyers to get the information they need before making any purchases by opening a dedicated hotline. If you’re thinking about buying land or property, you can call this number to check…
Article 22 of the Finance Law of the State of Quintana Roo establishes that “taxpayers who obtain income from the sale of real estate must pay a 5% tax on the taxable base determined in each transaction”.
Important: Our experts are still…
Investing in real estate in Mexico requires a detailed understanding of the legal and tax aspects that govern these types of transactions.
From a legal standpoint, it is essential to conduct thorough due diligence before any purchase. This includes verifying the legal…
When it comes to buying a vehicle in the Riviera Maya, there's plenty of advice out there. However, it's important to tread carefully. Stories abound about tourists buying cars or registering vehicles in ways that may not be secure, potentially putting your…
Hey there, good news for folks in Quintana Roo renewing their driver's licenses! No more stressing about taking a test. The Mobility Institute of Quintana Roo (Imoveqroo) just made life easier.
So, if your license is expired or about to be, no…
Today we’re going to talk about the Mexican Anti-Money Laundering Law.
The President of Mexico sent the bill of the Federal Law for Prevention and Identification of Transactions Involving Funds from Illegal Activities and used to Finance Terrorism (Mexican Anti Money Laundering…
A very important topic for us is the Condominium By-Laws in Mexico. This is how a condominium legally works and what are the rights and obligations of owners.
Governing rules
The condominium regime is a document granted before a notary public in…
When purchasing property, there are some added costs during closing that you should consider. One of them is the acquisition tax or transfer tax. This is, in Spanish, “Impuesto Sobre Adquisiciones de Bienes Inmuebles”
This tax went from 2% to 3% as…