{"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":"

An Expat\u2019s Guide to Getting a Mexican Residency<\/strong><\/h2>\n

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

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Some Background<\/b><\/h2>\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

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Getting Permanent Residency In Mexico<\/b><\/h2>\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

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Retirement Visas To Mexico<\/b><\/h3>\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