RELOCATION GUIDE
WE KNOW THAT YOU HAVE MANY QUESTIONS ABOUT MOVING TO MEXICO, ABOUT THE PROCESS OF BUYING AND ABOUT LOS CABOS ITSELF. WE HAVE PUT TOGETHER A LOS CABOS RELOCATION GUIDE. HOPEFULLY THIS WILL BE HELPFUL TO YOU MOVING FORWARD.
Welcome to Los Cabos, Baja, Mexico!
Welcome to Los Cabos, a breathtaking destination located at the southern tip of the Baja California Peninsula in Mexico. Known for its stunning beaches, world-class resorts, and vibrant culture, Los Cabos offers a unique blend of relaxation and adventure.
History of Los Cabos and Baja Sur
The history of Los Cabos is rich and diverse, dating back thousands of years to when the region was inhabited by the Pericú people. In the 16th century, Spanish explorers arrived in the area, followed by missionaries who established missions and settlements. Over the years, Los Cabos has evolved into a thriving tourist destination, attracting visitors from around the world.
Los Cabos Market: Investment and Rental Market at a Glance
Los Cabos is a popular destination for real estate investment, thanks to its strong rental market and high demand for vacation rentals. The region offers a variety of investment opportunities, from beachfront condos to luxury villas. The rental market in Los Cabos is also robust, with many tourists opting to stay in vacation rentals rather than hotels.
Cost of Living in Los Cabos
The cost of living in Los Cabos is relatively affordable compared to many other tourist destinations. Utilities, groceries, dining out, transportation, health care, entertainment, and leisure activities are all reasonably priced, making Los Cabos an attractive option for those looking to relocate or retire in Mexico.
Why I Love Los Cabos
There are many reasons to love Los Cabos, including its stunning location, thriving economy and industry, rich culture, great education system, and abundance of outdoor recreational opportunities. Whether you enjoy relaxing on the beach, exploring nature, or experiencing local cuisine and culture, Los Cabos has something for everyone.
Neighborhoods in Los Cabos
Los Cabos, situated at the southern tip of Mexico’s Baja California Peninsula, is a region renowned for its stunning landscapes, vibrant culture, and luxurious resorts. At its heart are two distinct cities, San Jose del Cabo and Cabo San Lucas, each offering a unique experience for visitors and residents alike. Home to several distinct neighborhoods, each offering its own unique charm and amenities. Some popular neighborhoods include Quivira, Pedregal, El Tezal, El Tule, Palmilla, Querencia, Campestre, and Puerto Los Cabos. Whether you’re looking for a quiet residential area or a bustling downtown district, Los Cabos has a neighborhood to suit your lifestyle.
Restaurants in Los Cabos
Los Cabos is home to a diverse culinary scene, with a wide range of restaurants offering everything from traditional Mexican cuisine to international fare. Some popular restaurants in Los Cabos are Rosa Negra, Acre, El Huerto and Flora Farms. Whether you’re craving an elegant fine dining experience or local spot to grab a taco, Los Cabos provides it.
Health Care in Los Cabos
Los Cabos is home to several top-notch health care facilities, including H+, Hospiten, Bluenet, and AMC. The health care system in Mexico is similar to that in the United States, with private hospitals and clinics offering high-quality care at affordable prices. Many expats living in Los Cabos choose to purchase international health insurance to cover medical expenses. We recommend consulting with Katya and the team at Shoreline Risk Advisors for insurance.
Schools and Education in Los Cabos
Los Cabos offers a variety of educational options for children of all ages, including public, private, religious, and Montessori schools. Some popular schools in Los Cabos include Picacho McGregor, Del Mar, and Camino. Whether you’re looking for a school with a strong academic program or one that emphasizes outdoor education, you’re sure to find a school that meets your child’s needs in Los Cabos.
Events and Culture in Los Cabos
Los Cabos is home to a vibrant arts and culture scene, with many festivals, events, and performances taking place throughout the year. Some popular cultural events in Los Cabos include the Los Cabos International Film Festival, The PGA Tour at Diamante Resort, Los Cabos Tennis Open, Bisbees Black and Blue and Los Cabos and East Cape Offshore tournaments, the weekly San Jose del Cabo Art Walk, and the Todos Santos Music Festival. Whether you’re interested in sports, art, or theater, you’re sure to find something to enjoy in Los Cabos.
Will I Actually Own the Home?
Yes, as a foreigner, you can own property in Mexico, including homes in Los Cabos. However, there are restrictions on owning property within 50 kilometers of the coast or 100 kilometers of the border. In these restricted zones, you can own property through a fideicomiso, which is a trust agreement with a Mexican bank that holds the title to the property on your behalf.
What is a Fideicomiso?
A fideicomiso, or bank trust, is a legal document that allows foreigners to own property in the restricted zones of Mexico. The fideicomiso is established with a Mexican bank acting as the trustee, holding the title to the property on behalf of the foreign owner. The fideicomiso is valid for 50 years and can be renewed indefinitely, allowing the foreign owner to use, sell, or pass the property on to heirs. Fieidcomiso can be indefinitely renewed and transferred as well.
Becoming a Mexican Resident
Becoming a Mexican resident can be a rewarding experience, offering a range of benefits to those looking to live or retire in Mexico. If you plan on spending more than 180 days in Mexico or taking advantage of the high ROI with short term rental investment becoming a resident is a necessary process.
Benefits of Becoming a Resident:
- Access to Health Care: As a Mexican resident, you will have access to Mexico’s public and private health care system, which is known for its quality and affordable costs.
- Residence Permit: Mexican residency allows you to live and work in Mexico legally, without the need for a tourist visa.
- Education: Mexican residents have access to the country’s education system, including public schools and universities.
- Banking and Financial Services: As a Mexican resident, you can open a bank account and access other financial services in Mexico.
- Earn Income: As a resident you will have the ability to get a tax id number (known as a RFC) and can legally rent your investment\home whether it be short term rentals or long term.