{"id":20028,"date":"2018-07-02T02:13:56","date_gmt":"2018-07-02T06:13:56","guid":{"rendered":"http:\/\/www.escapeartist.com\/?p=20028"},"modified":"2020-09-21T08:18:58","modified_gmt":"2020-09-21T13:18:58","slug":"residency-options-in-mexico","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/residency-options-in-mexico\/","title":{"rendered":"Residency Options in Mexico"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]People all over are inquiring about how to gain residency in Mexico. More and more travelers and retirees are finding that there are major benefits to living in this country. Many baby boomers who are now retiring give the same general reasons for choosing to relocate there, and they all add up to this: you can enjoy a better quality of life for less. As the cost of living keeps rising in the United States (and across most of the world\u2019s more advanced economies) and inflation is on the rise, it makes sense that anyone would want to go to a place where more costs less. <\/span><\/p>\n

Take that sizable benefit and combine it with Mexico\u2019s abundance of gorgeous beaches, fresh tropical produce, and perfect weather, and this residency thing is really a no-brainer. It is also important to note that Mexico has one of the <\/span>most powerful passports<\/span><\/a> in the world. As of January 2020, Mexico places 26<\/span>th<\/span> when compared against others for global travel freedom. A Mexico passport holder can visit 158 countries without a visa or visa on arrival.<\/span><\/p>\n

Here are the residency options and the visas available to those looking to go to Mexico:<\/span><\/p>\n

Mexico Visa: Visitor Permit<\/b><\/h2>\n

When you first arrive in Mexico as a tourist, you\u2019ll receive an entry permit as a visitor. As a visitor, you won\u2019t be privy to any of the perks of residency, it\u2019s just a step in the right direction. Think of it as a tourist visa. That\u2019s essentially what it is. You\u2019ll have to fill out an immigration form to get your visitor permit, and this will allow you to stay for a period of six months.<\/span><\/p>\n

You cannot work during these six months if you are visiting as a tourist, but if need to do so (maybe you\u2019re just getting a feel for what Mexican life would be like and you have to work while you\u2019re at it), you can purchase a \u201cpermission to work\u201d visa for only $155 USD. The only stipulation here is that you cannot be paid in Mexico for your services. If you\u2019re working remote from a company back home, they\u2019ll just continue to pay you via your home bank account.<\/span><\/p>\n

Temporary Resident Visa<\/b><\/h2>\n

Residency in Mexico is relatively quick, and it is also very affordable. However, you can\u2019t complete the process (or even begin it) while staying in Mexico on a tourist visa. You\u2019ll have to go back home to do that. You will need to complete the appropriate paperwork at a Mexican Consulate and pay a $40 USD fee for a temporary visa valid for six months. During that time, you\u2019ll make your way to Mexico and once there, have 30 days to swap out that temporary visa for the official visa. Don\u2019t miss your 30-day mark, or it\u2019s extra paperwork and fees, which is all an extra headache that\u2019s completely avoidable.<\/span><\/p>\n

Once you acquire your temporary resident visa, you can stay in the country for up to four years. You cannot work while holding this visa unless you apply for permission to work, as was mentioned above. The fee for that remains the same, at $155 USD. You\u2019ll also need to provide an offer letter showing that you\u2019ve already accepted a position.<\/span><\/p>\n

You can qualify for temporary residency by proving you have the ability to support yourself financially while living in Mexico. This includes the cost of housing and meals, and the minimum salary amount for this qualification usually comes out to be at least $1,553 USD per month. You will need to provide your last six months\u2019 worth of bank statements to prove this income, and if you are bringing dependents, you\u2019ll have to have an extra $520 in income per dependent. You could also prove that you own a property in Mexico (which does not require any type of residency to own) that is worth at least $208,000 USD.<\/span><\/p>\n

After your four years as a temporary resident run out, you must either leave Mexico or apply for permanent residency. Those four years spent as a temporary resident will automatically qualify you as a permanent resident, so there\u2019s no time lost there.<\/span><\/p>\n

Permanent Resident Visa<\/b><\/h2>\n

If you already know you\u2019d like to live in Mexico for the long-haul, you can skip right along to the permanent residency option and bypass those other steps. There is no time limit on the permanent resident visa, and it automatically allows you the right to work in the country, just like a citizen. Citizenship itself, though, is a separate process and so you still won\u2019t be able to vote.<\/span><\/p>\n

For permanent residency status, you\u2019ll need to meet higher income requirements. Your monthly net income will have to show that you\u2019ve made at least $2,588 over the last six months, either through a pension or net income. Otherwise, you can show investments with an average monthly balance over 12 months of about $103,500 USD.<\/span><\/p>\n

Conclusion<\/strong><\/h2>\n

If you would like more information at Residency in Mexico, please contact us HERE<\/a> and we would be happy to assist you.<\/strong><\/p>\n

When deciding on a new country of residence, I would suggest you really learn the new language, if this is your case. For us, we came to Panama and had to learn Spanish.\u00a0 This is the company we used: ICanTeachYouALanguage<\/a>.\u00a0 They are absolutely fantastic, give them a try!\u00a0 If Spanish<\/a> is your new language, you can go directly to their website and take a look to see what they offer. Good Luck!<\/strong><\/p>\n

I hope you found this article: Residency Options in Mexico to be beneficial.\u00a0 Here are a few additional articles I believe you will enjoy!<\/strong><\/p>\n

6 Countries Where It\u2019s Easy To Get A Residency Visa<\/a><\/strong><\/p>\n

Baja California: A Haven for Maquiladoras<\/a><\/strong><\/p>\n

What is the Mexico Maquiladora Program<\/a><\/strong>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_column_text]People all over are inquiring about how to gain residency in Mexico. More and more travelers and retirees are finding that there are major benefits to living in this country. Many baby boomers who are now retiring give the same general reasons for choosing to relocate there, and they all add up to this: you […]<\/p>\n","protected":false},"author":431,"featured_media":20030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1399],"tags":[56,71,127,1136,222,442,451],"yst_prominent_words":[17655,2406,15844,2369,2539,17652,17653,1887,3199,2489,4589,10779,11001,5584,10774,3607,3297,2376,17654,2092],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.escapeartist.com\/wp-content\/uploads\/2018\/07\/Mexico.jpg","_links":{"self":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/20028"}],"collection":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/users\/431"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/comments?post=20028"}],"version-history":[{"count":9,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/20028\/revisions"}],"predecessor-version":[{"id":42103,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/posts\/20028\/revisions\/42103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media\/20030"}],"wp:attachment":[{"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/media?parent=20028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/categories?post=20028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/tags?post=20028"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.escapeartist.com\/wp-json\/wp\/v2\/yst_prominent_words?post=20028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}