How to Obtain Residency in Mexico

Why seek to obtain residency in Mexico?

  • An absolutely gorgeous country with mountains, beaches, and historical towns.
  • A low cost of living; Mexico is competitively ranked in the Numbeo Cost of Living Index.
  • Affordable, quality real estate.
  • Geographic location – same time zone as the US and Canada, which makes it a great base for work.
  • Possible to obtain residency in Mexico without triggering tax residency if you don’t spend more than half the year in Mexico or don’t have the center of your life interests there.
  • Possible to obtain paper residency (maintaining residency with minimal physical presence, to use as a Plan B).
  • International and bilingual schools.
  • Affordable healthcare.

What are the Residency options in Mexico?

You typically obtain a 1 year temporary residency. You must then come back to Mexico to renew it, at which point you are given a 3 year temporary residency card. After these 4 years, you can apply for permanent residency, which does not expire. As things stand, there aren’t any minimum physical presence requirements apart from being present in Mexico when applying for residency.

 

  1. Residency through the ownership of local real estate (about $350,000 if you buy in your own name, or about $175,000 if you buy using a local corporation).
  2. Residency through solvency:
    • Demonstrate about $2,600 of income per month for the past 6 months.
    • Demonstrate a bank balance of about $45,000 for the past 12 months.
    • These numbers vary from embassy to embassy, as well as the documents required to apply. Professional help to navigate the process will make your life a lot easier and will save you countless hours of dealing government bureaucracy.
    • There are also options for Residency through solvency specifically aimed at retired people, with higher minimums, but that offer permanent residency straight away.
  3. Work permit.
  4. Marriage.
  5. Having a child in Mexico (permanent residency immediately for the parents, siblings and grandparents with minimal paperwork. More details on giving birth in Mexico to follow soon, but Sergei can also help with this).
  6. A special 4 year residency is given to anyone who entered Mexico between 2015 and 2020 as a tourist. This special government program is set to expire in the coming months or so.

1. What documents to you need to obtain residency in Mexico

It’s one of the core advantages of obtaining residency in Mexico – few documents are required. Depending on the visa type and where you are applying from, you need a variation of the below:

  • Passport.
  • Proof of investment, economic solvency, work contract, or family ties.
  • A bunch of Mexican Government forms to fill out and government fees to pay online.
  • Marriage certificate.
  • Birth certificate in some instances.

All  documents needs to be translated into Spanish. The immigration agent will take care of this. Documents from back home must be apostilled. Police background checks are not required for residency applications.

2. If you obtain residency in Mexico, can it lead to citizenship?

A resounding yes.

 

  • You must first spend 5 years in Mexico and already be on permanent residency.
  • You must then simply demonstrate that you spent 18 months of the prior 24 months in Mexico itself.
  • A Spanish exam and Mexican culture test must be passed, but you can easily study for them.
  • Unlike countries such as Panama and Paraguay that are often touted as easy citizenship options but that are not, Mexico has a fair and transparent naturalization system. If you meet the criteria, you will be granted citizenship.

3. How my immigration agent Sergei can help you obtain residency in Mexico

obtain residency in Mexico

Sergei moved to Mexico 7 years ago with his family, obtained residency, and they are now all Mexican citizens. Needless to say, he has personal experience with the process 🙂

He helped my own family obtain residency in Mexico. If you hire him, he’ll ensure everything goes smoothly and that you don’t have to stress out over making mistakes and navigating the Mexican bureaucracy. He’ll tell you what he needs from you, and will then tell you where and when to go with which documents. His team will be with you on the ground in Mexico.

Feel free to watch the Youtube interview with Sergei above or read the full transcript below to find out how to obtain residency in Mexico.

If you want to move ahead and obtain residency in Mexico, get in touch with Sergei: sergei@thewanderinginvestor.com or through the contact form.

If you have questions Sergei will charge you $100 to answer all your questions in detail in a 30 minute call, creditable towards his fees if you go ahead with his services.

Contact Sergei - Obtain Residency in Mexico
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