You now need an RFC (Mexican Tax ID) to buy property in Mexico
Published Aug 26, 2014 -
- Making the offer to purchase or signing a preliminary agreement to purchase. The offer or preliminary sales agreement should make reference to the fact that it is subject to the foreign buyer obtaining his “Visa, CURP and RFC” and if for any reason it cannot be obtained, the agreement/offer can be extended until such documents are in place (or canceled if the Visa is denied). Before a buyer makes an offer he should be explained his OPTIONS to get an RFC so that coordination of this can begin as soon as the offer is accepted.
- Set your appointment to get your RFC. Once the offer is accepted, the foreigner buyer needs to immediately set up a meeting with SAT to get the RFC. Coordination is key here as the Resident Visa and CURP will be needed at the meeting to get the RFC and a meeting date must be set to get the RFC. The foreign buyer needs to make sure that the date of the meeting with SAT gives him or her enough time to get the Resident Visa and CURP prior to the meeting. We recommend that you give yourself 30 - 40 days from the date the offer is accepted to set the meeting to get the RFC. At the meeting the foreign buyer will be issued the RFC if they have all their documents in order. Do not expect to show up at SAT without a set meeting.
- Getting the VISA. The petition for a Resident Visa (Temporary or Permanent) has to be applied for at a Mexican Consulate outside of Mexico. We recommend that the Mexican Consulate nearest to the foreigners home be used. In most cases foreign buyers will return to their country of origin after the acceptance of the offer but prior to closing. At this time the buyer needs to proceed as soon as possible to apply for his Resident Visa. Contact the nearest Mexican Consulate to set up this appointment. In most cases it is recommended to apply for a “Temporary Resident Visa” as this category of visa has the fewest requirements. There are several sub-categories of “Temporary Resident Visas” and it is recommended to get advice on which one will best fit the buyers needs.
- Visa registry in Mexico and CURP. Once the Mexican Consulate authorizes the Resident Visa, the foreign buyer will need to travel to Mexico to register the Resident Visa at the office of immigration that corresponds to the location of the property being purchased. Immigration will issue the foreigner the Resident Visa card as well as a CURP. This process takes from 1 - 3 weeks from the time you appear at the local offices of immigration in Mexico. Unfortunately this is a trip the buyer will have to make that he or she probably did not plan on. Please note that if the buyer is not able to wait in Mexico for the 1 - 3 weeks for the Resident Visa card and CURP to be issued, he or she will need a letter from the local immigration office to leave the country and return while the Resident Visa card is in process of being issued. If you need this letter make sure you tell the immigration officer when you appear at the local office to process your Resident Visa card and CURP. Do not attempt to leave the country without this letter from immigration or your procedure will be rejected and you will have to start all over.
- Getting the RFC. Once you have the Resident Visa card and CURP, you can apply for your RFC, which should be issued the same day you appear at your meeting (you set your meeting in step 2 above). You will also need to provide the Tax authority with a proof of address in Mexico. Here we have the “chicken or the egg” scenario, because how can you show proof of address in Mexico if you have not bought yet? Our recomendation is as follows: