A popular question in expat forums lately has been how to send Mexican pesos from a Mexican bank account to a bank account in the U.S. I feel compelled to write about this topic after seeing so much erroneous information being shared. Even ChatGPT got this one wrong! Why
This post will explain what a factura is, why expats might need one, and how to request a factura when buying goods or services in Mexico. I distinctly remember the first time I was asked by a service provider in Mexico if I needed one. I’d finished a doctor’s appointment
DISCLAIMER: This article is for informational purposes only. It is not intended to substitute for professional tax advice tailored to your situation. Whether you’re an American citizen already living in Mexico — or merely dreaming of a new life abroad — paying taxes can be complicated and confusing for expats.
With Mexico in the height of its dry season, water shortages and crises have erupted in multiple cities this month. While Mexico City’s situation has received international headlines (as well as plenty of Mexican media coverage), developments in Oaxaca and Guadalajara also warrant a closer look. As expats, we are
Because of rising costs and the loss of purchasing power in Mexico over the past year, most of us know someone looking to earn a bit more passive income to lessen the impact. In 2023 Mexico’s inflation rate averaged 5.5%, falling slightly below this level in recent months. Besides peso-based
For expat residents as well as Mexican citizens, the cost of living has been rising rapidly enough that some of you may be looking for new ways to earn passive income and stay one step ahead of inflation. Short of finding a remote position with a foreign company, what can
In this article, I’ll share details of my experience opening a simple bank account at BBVA in Mexico, at a branch in Guadalajara’s Providencia neighborhood. For those who haven’t yet read my previous post about shopping for a bank account in Mexico, it’s a good idea to start there to
As an expat living in Mexico since 2022, I decided this year that having a local bank account would provide greater convenience for my household, despite the risks. If you haven’t yet read my banking article examining the pros and cons of banking in Mexico as a foreigner, I suggest
If you own any type of real estate in Mexico, you’re on the hook for paying “Impuesto Predial,” i.e. property taxes, so it’s important to understand how they work. For those new to this topic or looking to brush up, we’ll cover the following in this post: How property taxes
Before relocating to Mexico, I was convinced we could navigate living here just fine with our U.S. bank and brokerage accounts, based on the recommendations of other expats. My assumption that we could do without a local bank account was reinforced by some advice in Retirement Secrets of Mexico, a best-selling
