{"id":31134,"date":"2020-02-24T08:00:50","date_gmt":"2020-02-24T13:00:50","guid":{"rendered":"https:\/\/www.escapeartist.com\/?p=31134"},"modified":"2021-04-19T11:22:46","modified_gmt":"2021-04-19T16:22:46","slug":"an-expats-guide-to-getting-a-mexican-residency","status":"publish","type":"post","link":"https:\/\/www.escapeartist.com\/blog\/an-expats-guide-to-getting-a-mexican-residency\/","title":{"rendered":"An Expat\u2019s Guide to Getting a Mexican Residency"},"content":{"rendered":"
Everyone knows that Mexico is one of the fastest-growing economies in the world. In recent years, the country has retained economic and political stability that might have seemed unlikely in the past. Personally, I feel that everyone should consider Mexico as a prime destination to settle down in for financial reasons and to get nationality because of the advantages of a Mexican passport.\u00a0<\/span><\/p>\n Getting Mexican residency is pretty simple, whether you\u2019re thinking of retiring there and buying property or looking to set up a business, the government has made it pretty easy to move in. There are very few barriers to settling in and it\u2019s quite cheap to live there as well. For this reason, I often suggest that my clients buy a home and take advantage of the ideal conditions offered by the country.<\/span><\/p>\n <\/p>\n Even though Mexico is one of the leading emerging economies in the world, it\u2019s in a bit of a tight spot at the moment. The economy <\/span>shrunk in the past quarter<\/span><\/a> and the GDP forecast was revised showing a lower closing GDP than was projected earlier in the year. This is probably because of Trump\u2019s announcement <\/span>to impose tariffs on Mexican imports<\/span><\/a> and generally lower demand from the US because of its trade war with China.\u00a0<\/span><\/p>\n Things are looking up once again, though, because Trump himself <\/span>suspended the announcement<\/span><\/a> to restore faith in the growth of the economy. As we once again look towards greater economic growth in Mexico, the country\u2019s well on its path to economic development again. Assuming that things pan out the way they have over the past couple of years, you could stand to gain quite a lot from a Mexican residency.<\/span><\/p>\n <\/p>\n You can only get Mexican citizenship if you\u2019ve lived as a permanent resident in the country for four years. There are other ways to get a nationality\u2014like claiming blood relation to Mexican nationals or marrying a Mexican national, but I\u2019ll focus on how people can get naturalized without these relations.\u00a0<\/span><\/p>\n <\/p>\n People looking to retire to Mexico must directly apply for a permanent residency visa. The <\/span>requirements of the visa<\/span> are as follows:<\/span><\/p>\n <\/p>\n Temporary visas are offered to people who haven\u2019t retired and\/or wish to live in Mexico for a pre-defined period of time. The visa is renewable every 1,2 or 3 years and you can\u2019t live in Mexico as a temporary resident for more than 4 years\u2014which works well because then you can just apply for a permanent residency.\u00a0\u00a0<\/span><\/p>\n Temporary visas are granted to people in accordance with categories describing what activities people intend to pursue during their stay in the country. You must meet the <\/span>following criteria<\/span><\/a> if you wish to qualify for temporary residency:<\/span><\/p>\n The minimum financial criteria for each category include:<\/span><\/p>\n If you\u2019re looking to apply through a family connection, then you must prove one of the following familial relations:<\/span><\/p>\n <\/p>\n If you\u2019ve lived in Mexico for four years with a temporary residency, you can apply for a permanent residence. You\u2019ll have to apply in any case because they don\u2019t extend temporary residence beyond four years anyway. Some <\/span>other conditions<\/span><\/a> that apply include:<\/span><\/p>\n <\/p>\n Mexico\u2019s a great place to live in, irrespective of whether you\u2019re thinking of retiring of starting your own business. The weather\u2019s great (I was there last week and loved it!), <\/em>the people are welcoming and the country is perhaps one of the most economically stable throughout Latin America. If you\u2019re thinking of becoming a Mexican citizen, you should begin working right away to get either a temporary or permanent residence.<\/span><\/p>\n If you would like to talk with our Mexican Real Estate Partner to see their beautiful luxury communities in Merida, Playa del Carmen or Tulum, please contact them HERE. Someone will be happy to chat with you.<\/strong><\/p>\n I hope you enjoyed reading: An Expat\u2019s Guide to Getting a Mexican Residency. Here are some additional articles about Mexico that I’m sure you will love!<\/strong><\/p>\n Residency Options in Mexico<\/a><\/strong><\/p>\nSome Background<\/b><\/h2>\n
Getting Permanent Residency In Mexico<\/b><\/h2>\n
Retirement Visas To Mexico<\/b><\/h3>\n
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Temporary Mexican Residency Visas<\/b><\/h3>\n
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Getting Mexican Permanent Residency<\/b><\/h2>\n
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Conclusion<\/b><\/h2>\n