Understanding Mexico Residency Requirements in 2019

Mexico, with its rich culture, beautiful landscapes, and favorable climate, has become an attractive destination for many seeking a new home or a second residence. The process of obtaining residency in Mexico can be both exciting and challenging. This article aims to provide a comprehensive guide to the residency requirements in Mexico as of 2019, ensuring that aspiring residents are well-informed about the necessary steps and documents.

Types of Residency in Mexico

There are several types of residency in Mexico, each with its own set of requirements and benefits. The most common types include:

• Temporary Resident: This is the most common type of residency, suitable for those planning to stay in Mexico for an extended period but not indefinitely.

• Permanent Resident: This status is for those who wish to live in Mexico indefinitely and can apply after a certain period of temporary residency.

• Investor Resident: Available for individuals who invest a significant amount of money in Mexico, contributing to the country’s economy.

• Retirement Resident: Designed for retirees who meet certain income requirements and wish to enjoy Mexico’s lifestyle.

Temporary Resident Requirements

For those applying for temporary residency, the following requirements were in place as of 2019:

• Valid Passport: Applicants must have a valid passport with at least six months of validity remaining.

• Proof of Financial Solvency: Demonstrating sufficient financial resources to support oneself during the stay in Mexico.

• Health Insurance: A valid health insurance policy that covers medical expenses in Mexico.

• Proof of Accommodation: Documentation showing a place to stay, such as a lease agreement or a letter from a property owner.

• Application Form: Completion of the appropriate residency application form.

Permanent Resident Requirements

Obtaining permanent residency in Mexico is a more rigorous process. The following were the requirements in 2019:

• Temporary Resident Status: Applicants must have held temporary residency for at least one year.

• Proof of Financial Solvency: Demonstrating a stable and reliable source of income or assets.

• No Criminal Record: A clean criminal record from the applicant’s country of origin and any other countries they have lived in.

• Health Insurance: A valid health insurance policy that covers medical expenses in Mexico.

• Application Form: Completion of the permanent residency application form.

Investor and Retirement Resident Requirements

For those applying under the investor or retirement resident categories, the requirements were as follows:

• Investor Resident: A minimum investment of $100,000 USD in a Mexican business or real estate property.

• Retirement Resident: Proof of a stable income, such as a pension or annuity, equal to or greater than the minimum required by the Mexican government.

It is important to note that these requirements are subject to change, and it is advisable to consult with a legal professional or the Mexican immigration authorities for the most current information.