A few weeks ago I published a video with Sergei on a special Mexican government program that allows anyone who set foot in Mexico between 2015 and 2020 to apply for a 4-year temporary residency, which can then easily be turned into permanent residency later on with minimal time on the ground (if the rules don’t change).
This special program is set to expire at the end of the year, and may or may not be extended next year.
The “normal way” to get residency in Mexico is also very doable.
There are multiple ways to get residency in Mexico, there aren’t any minimum physical presence requirements to be able to renew, and temporary residency can be turned into permanent residency after 4 years.
Sergei elaborated on how to obtain residency in Mexico in this video below.
Who is Mexican residency right for?
I see Mexican residency primarily as a plan B due to the high taxes for tax residents. The good news is that simply obtaining residency in Mexico does not make you a tax resident there – you would actually need to live there to qualify for tax residency.
I also see this as a good opportunity for those who want to work towards citizenship. Essentially, one can apply for citizenship after having been a resident for 5 years, and having physically spent 18 of the 24 months in Mexico prior to applying for citizenship.
In a world of rising uncertainty, Mexico is a no-brainer Plan B residency that is easy to obtain, and that is also extremely pleasant to spend time in. It’s a regional powerhouse of 130 million people with a diversified economy, great airline connections, amazing beaches, friendly people, sunshine, and decent food.
I’m happy to have obtained residency here in Mexico for myself and my whole family.
More information on Sergei’s services here.
To a World of Opportunities,
The Wandering Investor
Available services in Mexico:
Articles on Mexico:
- Easy 4 year residency for past tourists in Mexico
- Making a Real Estate investment in Playa del Carmen – decent diversification in Mexico
- Full Analysis of the Tulum Real Estate Investment Boom
- 6 reasons against a Real Estate Investment in Cancun
- Investing in Multifamily Housing in Playa del Carmen
If you want to discuss your internationalization and diversification plans, book a consulting session or send me an email.