Frequently asked questions
about buying property in Tulum.

The process is similar to that for Mexican nationals, with the main difference being that foreigners purchasing property within 50 km of the coastline or 100 km from the borders must acquire it through a bank trust (fideicomiso).
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‍The purchase process includes:

1. Signing the purchase agreement (promesa de compraventa).
2. Physical delivery of the property.
3. Title deed registration & fideicomiso creation (upon full payment, the property is officially registered, and the bank trust is established).

The fideicomiso is initially valid for 50 years and can be renewed indefinitely. The trust is set up through a notary public during the deed registration process, and we, as the developer, provide full support to facilitate the purchase.

Cost of the permit from the Ministry of Foreign Affairs (SRE): $19,950 MXN (mexican pesos) for issuing the permit to establish a trust in the restricted zone (SRE fees).
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Trust fees for opening a new fideicomiso (detailed costs at Banco del Bajío):

1. $400 USD + VAT for signing the contract.
2. $450 USD + VAT for the first annual fee.
3. $400 USD + VAT in case of granting a mortgage guarantee.

Closing costs when buying a property in Tulum typically range from 6% to 7% of the property's purchase price. These costs encompass various fees, including notary fees, property transfer tax, legal fees, administrative fees, and, for foreign buyers, fideicomiso (bank trust) setup fees.

The property transfer tax in Tulum is 4% of the property's purchase price and is paid at the time of closing.

After the delivery of the property, typical expenses include electricity, internet, HOA (Homeowners Association) fees, and annual property tax (predial).

The annual property tax (predial) is 0.17% of the cadastral value of the property.

It is not mandatory to create a tax registration, but it is recommended to register with tax authorities and obtain your RFC (tax ID) if you wish to benefit from more favorable tax rates.

If you do not have an RFC, platforms like Airbnb will automatically withhold 20% PIT (personal income tax) and 16% VAT, which could result in higher tax payments.

For tax residents in Mexico with an RFC (tax ID):

• Simplified Trust Regime (RESICO): This regime offers lower income tax rates, ranging from 1% to 2.5%, depending on annual income, up to a limit of $3,500,000 MXN.
• General Regime: Income tax rates in this regime can reach up to 35%, calculated based on income brackets.

For non-tax residents in Mexico (without an RFC or a tax ID):

• Withholding Rates by Digital Platforms: Platforms like Airbnb are required to withhold 20% Income Tax (ISR) and 16% Value Added Tax (IVA) from non-resident hosts who do not provide an RFC.

In conclusion, obtaining an RFC is recommended when starting your economic activity in Mexico, as it allows you to access more favorable tax rates.

It's advisable to consult with a local tax professional or accountant to ensure compliance with all applicable tax obligations and to stay updated on any changes in tax legislation.