What is the RFC and why do Foreigners in Mexico need it?

The RFC or Registro Federal de Contribuyentes is a unique registration key that serves to identify any person who carries out an economic activity from having a bank account in Mexico.

In 2022, the mandatory Federal Taxpayer Registry (RFC) was approved for those over 18 years of age, including foreigners.

Therefore, any foreigner who wishes to work in Mexico requires an RFC to be able to work either independently or in a company. The RFC can only be obtained by a resident of Mexico.

In Mexico there are residences that have permission to work and residences that do not have permission to work. If you are a resident who does not have permission to work, the first thing you need to be able to work in Mexico is to have the RFC.

You can check the complete Guide to Obtain Visas, Residences in Mexico and Immigration

Sometimes there are foreigners who require the RFC even if they are not going to work in Mexico.

Why do foreigners require the RFC?
Currently, an RFC is required by foreigners who wish to work in Mexico, whether independently or in a company.
In order to open a bank account, even if you are not working in Mexico, you require the RFC.
What happens if I am a foreigner and I am not going to work in Mexico, but I want to open a bank account?
If you are a foreigner and are a pensioner, work outside of Mexico or are a digital nomad, you are not required to pay taxes in Mexico, however if you want to open a bank account, it is essential to have an RFC.

To open a bank account in Mexico, banks ask:

• curp
• Valid passport
• Temporary or Permanent Resident Card
• RFC
• The Regime Without Tax Obligations is the tax regime to which natural persons who do not carry out an economic activity or carry out financial operations belong.

What is the Regime Without tax obligations?

Do I have to pay taxes if I am retired in my country and I live in Mexico? ax Regime 616 Without tax obligations is the one where those who have their registration with the RFC are located despite not obtaining profits derived from salaries, commercial activities or others.

Therefore, participating taxpayers do not acquire the usual tax commitments, such as the annual income tax return.

We help you in the process to acquire the RFC.

Contact us for immigration issues (English): +52 9981253810 

W.App English:  https://wa.me/529981253810

Asesoría en temas migratorios: +52 9982029043

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