Mexico Residency by Investment

If you’re looking for a way to live in Mexico legally, the Mexico residency by investment program is a great option for you. Many people invest in real estate here. It’s a popular and stable way to qualify. You can also buy company shares or start a business. Your business just needs to create at least three jobs.

Why Mexico is a Good Place to Live

Mexico offers many benefits. The cost of living is lower than in the U.S. or Europe. The weather is often warm all year. Plus, there are lots of beaches to enjoy. It’s a good spot for retirees or remote workers. Families looking for a change also find it appealing.

A big plus for residents is Mexico’s tax system. You usually won’t pay taxes on income earned outside Mexico. This attracts many people. You can also add your spouse and children to your application. This makes moving your family much simpler. For those considering a move, this option is very flexible.

Investment Requirements

The most common way to qualify is by buying property. Your property must be in Mexico. It also needs to be officially registered in your name. Buying real estate is a reliable way to meet the rules.

Mexico offers two main types of residency:

Temporary Residency (TR): This permit lasts one year at first. You can extend it for up to four years. It lets you live and work legally in Mexico. You can also own property and open bank accounts. After four years, you can apply for permanent residency.

For a temporary residency, you have a few ways to qualify:

Monthly Income: Show a steady income of about $4,182 each month. This proof is usually for the last 6 to 12 months.

Savings: Have at least $69,700 USD in a bank account. You’d need to show this amount for the past year.

Property Investment: Own real estate in Mexico. Its value should be around $435,000.

Business Investment: Invest roughly $278,800 in a Mexican business.

Permanent Residency (PR): This permit never expires. You don’t need to renew it. Many people choose this to skip the temporary phase.

For permanent residency, the financial requirements are higher:

Monthly Income: Show a consistent monthly income of about $6,970. This is usually proven for the last 6 to 12 months.

Savings: Maintain a bank balance of at least $278,800. You’d need to show this for the past year.

After living in Mexico for five years, you can apply for a passport. You can also get dual citizenship.

Documents Required for Mexico Residency by Investment Program

To qualify through investment, you’ll generally need:

A bank statement showing you have enough funds. It must cover the property purchase.
A property in Mexico worth 8.3 million pesos ($435,000) or more.
Official proof that you bought and registered the property.
A valid passport and personal ID.
A clean criminal record.
Proof that you entered Mexico legally.

These are the main requirements. Your specific case might need other papers.

The Application Process

Getting a Latvia Golden Visa usually follows these steps:

Gather Papers: Collect all the needed documents.
Invest: Make your chosen investment.
Apply: Send your application to the right offices. You can do this at a Latvian embassy or directly in Latvia.
Fingerprints: You need to go to Latvia within three months of approval for the biometric registration and get your ID card.
Get Permit: Once approved, you receive a temporary residence permit.

This process usually takes 1 to 3 months.

Why Choose Us?

Moving to a new country can be hard. There’s a lot to think about. It can get confusing fast. That’s why VIP Nomads is here. We help you figure things out, step by step.

We can help you find a place to live. We’ll help you get your documents ready. Or, if you just want to understand the rules, we’ll explain them. We’ve worked with people seeking temporary or permanent residency. We also help those planning for citizenship.

Even if you’re just starting to look, we’ll answer your questions. You won’t be left guessing. We work directly with each person. We make sure you feel supported. This goes from your first call to your last form.