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Essentials

πŸ™οΈ City Cozumel is a beautiful island located off the eastern coast of Mexico's YucatΓ‘n Peninsula, well-known for its crystal-clear waters and vibrant coral reefs.
πŸ‘₯ Population Approximately 100,000 residents.
πŸ’» Internet Speed Average speed is around 50 Mbps, with some areas offering higher speeds through fiber-optic connections.
πŸ’Έ Currency & Banking Currency is Mexican Peso (MXN). 1 USD β‰ˆ 18 MXN.
🚰 Tap Water Not drinkable. It's recommended to use bottled water for drinking.
πŸ”Œ Power 127V, 60Hz, with Type A/B sockets.
πŸ“Ά SIM Card Telcel and AT&T are popular providers, with good coverage across the island.
πŸ’³ Banking for Expats Major credit cards are widely accepted. Banks such as Banorte and Santander are common.
πŸ›Œ Accommodation Options include hotels, hostels, and vacation rentals through platforms like Airbnb.
πŸ’³ Cashless Friendly Yes, cashless payments are widely accepted, especially in tourist areas.
🏠 Short Term Rentals Airbnb is a popular option; prices range from $30 to $150 per night depending on location and amenities.
πŸ›οΈ Budget Accommodation Hostels like Hostel La Cangreja offer dorms starting at $15 per night.
πŸ™οΈ Best Area to Stay for Tourists The hotel zone along the west coast, near San Miguel, is popular for tourists.
πŸ™οΈ Best Area to Stay for Digital Nomads Neighborhoods like Corpus Christi and the waterfront area near Avenida 5 are favored for longer stays.

Working and Networking

🏒 Best Coworking Space Cozumel Coworking Space located downtown offers a great environment for remote workers.
β˜• Best Cafe for Work Casa del agua, known for its fast Wi-Fi and quiet atmosphere.
πŸ’Ό Networking Events Regular meetups hosted by expat groups on Facebook, often held at local cafes or bars.
πŸ₯‚ Social Events for Expats Cozumel Expats group organizes social gatherings and events frequently for networking.

Transportation

πŸš• Best Taxi/Ride App Uber is available but also consider local taxis for convenience.
🚲 Bike/Scooter Rental Scooters and bicycles can be rented from various shops near the waterfront.
πŸ–οΈ Best Beach Nearby Playa Palancar is one of the best beaches, famous for its beautiful sand and calm waters.
✈️ Top Regional Airline Volaris and Interjet offer domestic flights to major cities.
✈️ Top International Airline American Airlines and United operate frequent flights to and from the US.
πŸ›£οΈ Highway Access Accessible via coastal roads, primarily through scenic coastal routes on the island.
πŸš‰ Main Train/Transit Hub Cozumel doesn't have a train service; local taxis and shuttles suffice.
🚍 Public Transport Passes Public transport is limited; consider renting a vehicle for more flexibility.
✈️ Regional Travel Ferries operate between Cozumel and Playa del Carmen multiple times daily.

Health and Wellness

πŸ₯ Best Hospital Hospital de Especialidades, a reputable facility for both emergency and general care.
🧘 Yoga & Wellness Centers Yoga Cozumel offers a variety of classes for all skill levels.
πŸ‹οΈ Gyms & Fitness Centers Salsa Gym near the town center is a popular fitness facility with various classes.
🧺 Laundry Services Lava Laundromat provides self-service and drop-off laundry services.

Food and Drink

πŸ“± Best Food Delivery App Rappi and Uber Eats are popular food delivery options available on the island.
🍽️ Best Local Dish to Try Cochinita Pibil, a traditional slow-cooked pork dish, is a must-try.
🍱 Vegan/Vegetarian Options El Moro offers vegetarian and vegan options with fresh local ingredients.
🍫 Best Dessert Spots La Chiquita offers scrumptious local pastries and desserts.
πŸ›’ Affordable Shopping Spots Local markets like Mercado Municipal provide fresh produce and snacks at low prices.
πŸ›’ E-commerce/Online Store Amazon and MercadoLibre are widely used for online shopping.
πŸ›’ Grocery Delivery Superama offers grocery delivery services within Cozumel.
🍸 Bar/Nightlife Area The nightlife centers around Playa del Carmen and San Miguel with numerous bars and clubs.
🍻 Local Brewery Cerveza Artisan Cozumel is known for local craft beers.
🍷 Wine Bars La Casa del Vino offers a great selection of wines to try.
🍲 Street Food Stalls Local street tacos at stalls throughout the island are extremely popular and affordable.
πŸ• Popular International Cuisine Restaurants like Guido's offer excellent Italian cuisine and local seafood.

Culture and Attractions

🎟️ Must-See Landmarks The Mayan ruins at San Gervasio are essential for history enthusiasts.
πŸ›οΈ Museums & Art Venues Museo de la Isla de Cozumel offers insights into the island's history.
🏰 Historical Sites The San Miguel Church is a historical site reflecting local heritage.
πŸ• Religious Sites Iglesia de San Miguel ArcΓ‘ngel is a prominent church with beautiful architecture.
πŸŽ‰ Annual Events Cozumel Carnival is a vibrant annual celebration that attracts many visitors.
🎨 Cultural Districts Explore the San Miguel Centro for local culture, shops, and restaurants.
🎭 Theater Venues The Centro Cultural offers performances and art exhibitions occasionally.
πŸ›οΈ Local Markets The Cozumel Flea Market features a range of local crafts and food.
🎼 Music Scene Live music at various bars, especially during the evenings, offers a great local scene.
🎨 Street Art Street murals can be found throughout San Miguel, showcasing local artists.
πŸ§‘β€πŸ³ Cooking Classes Enjoy local culinary classes at Cozumel Cooking School.
πŸ‘©β€πŸŽ¨ Art Galleries Nalu Art Gallery showcases vibrant local artwork from regional artists.
πŸ•°οΈ Historic Buildings Cozumel's town hall features beautiful architecture and historical significance.
🏴 Local Heritage Cozumel's heritage is reflected in its Mayan history and current traditions.

Nature and Outdoor Activities

πŸŒ… Nearby Nature Escapes Cozumel is surrounded by stunning reefs and marine parks perfect for diving or snorkeling.
🏞️ National Parks Nearby The Parque Nacional Arrecifes de Cozumel protects the coral reefs and offers great diving opportunities.
🚲 Cycling/Walking Paths Paths along the coastline provide scenic views for biking and walking.
πŸŒ„ Scenic Viewpoints The Punta Sur Eco Beach Park offers breathtaking coastal views and wildlife.
πŸ¦‰ Birdwatching Locations The national park offers opportunities for birdwatching, with various species to be seen.
πŸ”₯ Bonfire-Friendly Spots Designated beach areas allow for bonfires on specific days.

Other Services and Amenities

πŸ“¦ Parcel Delivery Service DHL and local postal services provide reliable parcel delivery options.
πŸ› οΈ Tech Repair Services Locally operated tech shops offer various repair services, such as E-Tech Cozumel.
πŸ“ Table Tennis Spots Some local community centers have table tennis available.
πŸ§‘β€πŸ« Language Classes Spanish language classes are offered by various local schools and private tutors.
πŸ“š Libraries & Study Spots Localized library resources are available at the Cozumel Public Library.
🏘️ Community Centers Casa de la Cultura provides cultural activities and workshops regularly.
πŸ•ΉοΈ Gaming Lounges Some internet cafes offer gaming options with high-speed connections.
🎰 Casino & Gaming Halls Cozumel does not have large casinos but there are small gaming spots.

Business

🏒 Studio Purchase Price (City Center) Approx. $2,500 per m² (e.g., 40 m² = $100,000 for a studio in San Miguel).
🏒 Studio Purchase Price (Outside City) Approx. $1,800 per m² (e.g., 40 m² = $72,000 for a studio outside of San Miguel).
🏠 1-Bedroom Purchase Price (City Center) Approx. $2,300 per m² (e.g., 60 m² = $138,000 for a 1-bedroom apartment).
🏠 1-Bedroom Purchase Price (Outside City) Approx. $1,600 per m² (e.g., 60 m² = $96,000 for a 1-bedroom apartment outside).
🏑 2-Bedroom Purchase Price (City Center) Approx. $2,200 per m² (e.g., 80 m² = $176,000 for a 2-bedroom apartment).
🏑 2-Bedroom Purchase Price (Outside City) Approx. $1,500 per m² (e.g., 80 m² = $120,000 for a 2-bedroom apartment outside).
πŸ’Ό Corporate Tax 30%
πŸ’΅ Dividend Withholding Tax 10%
🏦 Tax System Mexico has a territorial tax system; only income generated within Mexico is taxed.
πŸ“ˆ Highest Income Tax Bracket 35%
🧾 VAT 16%
🌐 Controlled Foreign Company (CFC) Rules Yes, applicable regulations in place.
🏠 Property Tax Property taxes are relatively low, approximately 0.1% of the assessed value.
🏠 Property Transaction Tax Approximately 2% on property purchases.
πŸ’» Attractive Tax System for Digital Nomads Digital nomads can benefit from a lack of income tax on foreign-earned income if not residing more than 183 days.

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