Ans: We have 2 offices in Playa del Carmen, Mexico . Our Real Estate Brokerage office is located on 5Th Ave between 26Th and 28Th Streets. Our sales representatives, are located at this office. They will assist you in any purchases and sales of real estate, while they guide you through the process of purchasing and/or selling real estate in Playa del Carmen, Mexico. Our Azul Caribbean Realty Development office is located on 28Th Street between 1st ave and the beach in Playa del Carmen. There you will be able to use the caring assistance of our administration staff, and inquire about development in Playa Del Carmen, Tulum and Cancun Mexico. For a map of both locations, please click on the link below:

Related links:

http://azulcaribbean.com/directions.php

Ans: Yes, buying a real estate in Playa del Carmen, Mexico is quite a simple procedure, and our Azul Caribbean real estate consultants can walk you through the easy process. To get more info contact us by clicking on the link below:

Related links:

http://azulcaribbean.com/faq.php#

Ans: Yes! You can buy with Azul Caribbean Realty your condominium in Playa del Carmen, Tulum and the Mayan Riviera, Mexico. Please click on the link below for more details:

Related links:

http://azulcaribbean.com/mexicanbanktrust.php

Ans: All condominium and real estate sales and purchases in Playa del Carmen, Cancun, Tulum and the Mayan Riviera are executed in US Dollars. For legal documentation such as the registration of the deed and title the exchange rate of the day is being used as a reference, which is required by law. However purchase prices for condominiums in Playa del Carmen, Cancun, Tulum and the Mayan Riviera are promoted and executed in US currency to void the loss of value through exchange rates fluctuations.

Ans: The average cost of opening a company in Playa del Carmen, Mexico ranges from 1,500 - 2,500 US dollars for the set up, registration & activation of a company, that is able and capable of undertaking real estate sales and purchases.

Ans: Average cost per year including accounting ranges from 400 USD for non active to approx. 1,000 USD for an average active company. Taxes on income produced are separate.

Ans: Opening cost for a banktrust (fideicomiso) depend on the purchase value of the property, if it is commercial or residential, the bank itself (different bank, different fees). Average cost per condo, approx. 3,000 USD - 7,000 USD, annual trust maintenance fee approx. 500 USD. Set up expenses for a trust are usually much higher than for a corporation, and each property requires an individual trust (land being limited to a max. Of 2,000 m2), but a company can hold an unlimited number of properties of any shape and size in its name. Notary fees for title research and assurance and closing cost average no more than 3% of transaction value. Individual cost for lawyers are not included.

Ans: The condominium real estate tax rate in Playa del Carmen, Mexico is 2%. The capital gains tax rate for condominiums in Playa del Carmen, Mexico will be 28% but only of registered sales value, which is usually 40 to 60% of real condominium sales values in the Riviera Maya.

Ans: The market in Playa del Carmen is booming. Renting a condominium in Playa del Carmen, Mexico has never been easier. Many people are successful renting a condominium in the Mayan Riviera (Cancun to Tulum) themselves through a web site or you may wish hire one of the local property management companies. Any rental income is taxed according to the laws within your home country or you may wish to look into opening an offshore account. You can expect to rent a condominium in Playa del Carmen, Mexico(two bedroom, two bathroom) for $2,000 to $3,500 US a week and between $4,000 and $7,500 US for a luxury home.

Ans: Most condominiums in Playa del Carmen, Mexico have an on-site administrator who takes care of the property. A monthly maintenance fee is paid by each unit to cover expenses. If you purchase a house in Playa del Carmen, Mexico most have a casita (small house) at the entrance to a property that houses the caretaker. The caretaker provides various services to the owner and guests. The cost for caretaker services are easily offset through rentals. A property management company provides a service for a fee of 25%-30% of your rental income. This service includes anything you may need to maintain the condominium in the Mayan Riviera property, pay utilities, purchase supplies, pay salaries, supervise employees, assist your guests, and manage any repairs. For an additional fee, we can handle renting out your property and collecting your rent.

Ans: Yes, you can import one shipment of belongings which includes appliances for the property. It is strongly recommended that you prepare your paperwork ahead of time and triple check its accuracy. Usually, arrangements are made in Mexico prior to bringing or shipping your belongings. As an alternative to bringing things from home, you may wish to consider buying things here. Before deciding what to bring from home, shop and compare at Sam’s, Costco, Wal-Mart, Mega and Sears. Sam's and Wal-Mart are now in Playa del Carmen, Mexico for your convenience.

Ans: Yes. According to the law, the maximum time you can import your car into Mexico is 6 months. You can either drive your car into Mexico, or have your vehicle shipped from Miami to Puerto Morelos for an example (30 minutes from Playa Del Carmen). If you have an FM3 then you can renew your vehicle papers without leaving Mexico. If this is not the case, you can easily drive down to Belize, which is about 2.5 hours away and renew your import certification there. You may only sell your vehicle to another foreigner who has a valid FM3. You cannot sell your car to a Mexican.

Ans: Playa del Carmen and various other cities in Mexico are becoming ideal retirement havena. With easy airline access to the U.S. and Canada, many snowbirds are flocking even farther south than Florida and settling here in the warm Caribbean sunshine. To obtain your immigration status as a retired person takes only a few days. It costs around $500 U.S. if you hire a lawyer for the paper work, and less expensive if you do it yourself. However, we recommend using a lawyer or legal firm with experience and not doing it yourself, especially if you don’t speak Spanish.

Ans: Moving and working in Playa del Carmen, Mexico is relatively easy as long as you follow proper procedures. If you look around you can see that there are a lot of foreigners living and working here. If you are working for a corporation, they will usually get you an FM3 permit. This enables you to work here legitimately for one year, but it must be renewed on an annual basis. Having an FM3 in no way interferes with your home country’s citizenship. Or you if you get a job with a company, they will assist you in applying for your working papers. You can also open a corporation, in the same way you did to buy property. You can get your immigration papers as the administrator of your company. You will need a notary and reliable accountant firm. Azul Caribbean Real Estate & Development can assist and advise you in this process. We have an extensive number of clients whom we have helped get settled in Mexico.

Ans: While Mexican banks do not lend to foreigners, there are several American and Canadian financial institutions that have established themselves in Mexico for the express purpose of assisting foreigners with capital investments. You can get mortgage for 20 years, where you will pay 7% of interest in the first 4 years, and 7.95% in the next 16 years. You will have to put 30% of the down payment, while the financing company will put 70%. You may also apply to your own bank back home for financing. Many people choose to work closely with their developer for financing. We would be happy to talk with you about such arrangements.

Ans: Wonderful! The weather in the Riviera Maya (Cancun, Playa del Carmen to Tulum) is beautiful, the beach is exquisite, and the people are fantastic. Some things are different than what you might expect back home. If you are living in a house, then you will probably be using gas to run your stove and hot water. The gas is delivered in tanks by big trucks that drive around the neighborhood so if you run out you just have to flag one down and buy a new tank. Garbage is collected everyday. The water is contained in big tanks on the roof so you may have to turn on an electric pump once a week to pump your water. This only holds true for houses, not condos, where these things are handled for you. People from all over the world are moving to Playa del Carmen, Mexico which makes living here even more fun.