Mexico For Solopreneurs - Tax, Immigration, Lifestyle

Mexico taxes residents on worldwide income under a progressive scale that runs up to 35%, alongside a 16% VAT and a 30% corporate rate. There is no wealth, inheritance, or exit tax, and gains on listed shares sold through the stock exchange are capped at a favorable 10%, though most other capital gains fall under ordinary rates. Self employed people are not forced into the IMSS social security system and can join voluntarily, which keeps fixed costs low for a solopreneur living on foreign income via the temporary resident visa.