Foreign nationals and their families who wish to settle in Mexico may apply for a Temporary Resident visa. This visa comprises several categories such as Scientific Research, Economic Solvency, Real Estate Investment, Education, and Marriage, among others.
The permit is usually issued for 1 year, but it is renewable annually for a further 3 years (3+1), provided that requirements are still met. Prior to its expiration, a temporary resident may apply for a permanent residence permit if he or she has continuously resided in the country for 4 years (i.e. has paid Mexican income taxes).
After 5 years of legal residency, a resident may be eligible for naturalization. To obtain citizenship they must have Spanish language skills and pass a test and interview about Mexican history, culture, and values. Nationals of Iberia (Spain and Portugal) or Latin American countries may be eligible for citizenship after 2 years of legal residency.
This visa is designed for foreigners who intend to stay in the country for more than 180 days and up to four years. The temporary resident card will only be granted for one year. After the first year, temporary residents can apply for a one, two, or three years renewal of the temporary resident card.
Temporary Residency allows the holder to get a registration number called CURP ( Clave Unica de Registro de Poblacion). CURP holders are permitted to open bank accounts, legally register a car, and possibly avoid paying capital gains tax on the future sale of a Mexican home, plus other benefits.
While your visa is in process and you enter Mexico with pre-authorized visa, you need to remain in the country for a minimum of seven business days before requesting permission to travel. Leaving without permission will cancel your visa.
1. Economic Solvency
Under this visa category, you may not be allowed to conduct lucrative activities, such as employment, in the country.
Economic solvency options:
a. Investment or bank accounts with a monthly ending balance of at least 5,000 days of the current general minimum wage in Mexico City (approx. $45,000.00 USD).
b. Employment or Pension that yields a monthly income of at least 300 days of the current general minimum wage in Mexico City (approx.$2,730.00 USD)after taxes, during each of the previous 6 months.
To prove, you must provide:
a) Letter from your bank or financial institution stating that you have investment funds or savings of at least 45,492 USD monthly average balance and provide the related bank statements for the last 12 months in which that amount is reflected.
The bank or financial institution letter must be original and include the applicant’s complete name, bank account number, and monthly balance for the last 12 months and it has to be signed by the branch manager.
b) Original and copy of proof that you have employment or a pension with a monthly income of at least 2,730 USD during the last 6 months. In order to prove income:
If you have direct economic dependents (spouse, parents, or children) you must prove the family bond with a marriage license and or birth certificate and prove financial solvency for them by adding 100 days of the current general minimum wage in Mexico City (approx. $860.00 USD). per dependent on the required monthly amount.
2. Real Estate Property
If you have direct economic dependents (spouse, parents, or children) you have to add 100 days of the current general minimum wage in Mexico City (approx. $645 USD) for each economic dependent, to the minimum required value of the property in México. To prove the family relationship by presenting a marriage license or birth certificate (original and copy).
3. As an Investor
The application process for obtaining a Temporary Resident Visa for Mexico is divided into two parts:
The application process for getting a Mexico Temporary Resident Visa is:
Keep in mind: Different embassy offices may have their own different requirements when it comes to the visa application process. This is why it is important to always contact them or visit their website to learn about the specific requirements, opening hours, etc.
Within 30 days of arriving in Mexico with a Temporary Resident Visa, you must apply to exchange it for a Temporary Residence Card. You can get your Residence Card at an office of the National Immigration Institute in Mexico. When you apply, you should have the following with you:
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The country allows dual citizenship, you are not obliged to renounce your original nationality.
Yes. Dependents can be included in the application.
After five years of being a legal resident, you are eligible for Mexican citizenship through naturalization.
No. But, you cannot have been outside Mexico for more than a total of 180 days in the two years prior to your application.
No nationality is officially restricted.
The temporary residence permit is valid for one year and renewable annually for a further 3 years.
You don’t have to live in the country but you need to remain in the country for a minimum of seven business days before requesting permission to travel. Leaving without permission will cancel your visa.
Yes. You need to pass a Spanish Language aptitude test to obtain citizenship in the country.
Yes. You need to pass a history and culture exam.
Yes. Applicants need to pass an interview during the application process to obtain Mexican citizenship.
Resident individuals are subject to Mexican income tax on their worldwide income, regardless of their nationality.
Non-residents, including Mexican citizens who can prove residence for tax purposes in a foreign country, are taxed only on their Mexican-source income.