Work permission comes before the contract
Temporary residence is often initiated through a consulate; financial thresholds vary by consulate. Work authorization is a separate check.
Residente temporal through a consulate. More than 180 days, up to 4 years; card after entry
Check permitted activityForeign-company employees, freelancers, local employees and owner-directors are different legal scenarios. Company registration does not automatically authorize personally working for that company.
When tax obligations arise
Tax residence
A home in Mexico; with homes in two countries, the center of vital interests includes income and professional activity. Not a simple day count.
Residence ruleRates & limitations
Residents: worldwide income. Standard 2026 ISR rates: 1.92–35%. Small-business regimes require a separate eligibility check.
Tax authority sourceRates are marginal: they apply to the relevant slice of taxable income, not all earnings. A foreign client, crypto payment or offshore account does not automatically make income tax-free. Social contributions, VAT, deductions and treaties need separate analysis.
What to bring to a bank
- Passport and immigration-status evidence; local identification number if required.
- Address evidence: lease, registration or utility bill as specified by the chosen bank.
- Tax IDs and tax-residence countries; CRS/FATCA self-certification when requested.
- Regular income evidence: employment contract and recent payslips, or freelance agreements, invoices and statements.
- Origin of savings: statement trail, property sale or inheritance records. For crypto, keep purchase, trade and withdrawal history—not just a wallet balance.
Review tax residence and foreign income. Banking and payments depend on documentation. This is a preparation pack, not an account-opening guarantee.
Crypto: country rules, payments & cash-outWork, business & investment
Before buying a business, separately verify debt, licenses, staff, lease, accounts and your residence basis. A purchase agreement does not replace immigration approval. When networking, check the legal entity and counterpart's track record before transferring funds.
Work, business & investment routes