If there was ever a time to have a plan B to move to Mexico, it is now!
Thousands of foreigners relocate to Mexico every year mainly because of the increasing cost of living in the US and Canada. Coupled with the rising tensions in politics that divides the common people. Many are looking for a better life in Mexico!
But moving to Mexico is not as easy as packing your bags, showing up, and starting a new life sipping a margarita by the beach. Although we wish it were
The Mexican immigration and bureaucracy are challenging, especially with limited Spanish. And with the end of year coming soon, we can almost guarantee that there will be changes in 2023. Because historically there has always been a change to immigration requirements in Mexico since we’ve been in business.
Now, I am not one to usually write articles or give advice which makes someone act fast. That’s not my style. I always advise you rent before buying a home, visiting before moving here, and doing a lot of research before settling on any one place.
Bu when it comes to immigration and resident visas in Mexico, I’d hate for someone to miss out because they didn’t know that changes happen often. That’s why I think if you’ve been thinking about living or retiring in Mexico, you should really move fast on getting a residency.
The time when expats in Mexico could be perpetual tourists doing border runs every six months is coming to an end. Mexican Immigration is no longer handing out 180-day entries to every visitor at any point of entry.
Plus, if you plan to live in Mexico you’re going to need a residency visa anyway.
You’ll need residency to open a bank account, get a driver’s license, sign up for Mexico’s healthcare system, get certain private health insurance policies, work in Mexico, get a retiree discounts card, even buy a car and for many other activities.
While there are several ways to get residency, the most common option is through financial solvency. Mexican authorities use a formula based on the current daily minimum wage of MXN $172.87 to determine financial solvency.
Residency Qualifications in 2022
For temporary residency, you need a monthly income of 300 x MXN $172.87 = approx. MXN $51,861 or USD $2,593.
For permanent residency, it is 500 x MXN $172.87 = approx. MXN $86,435 or USD $4,321 a month.
To make Mexican bureaucracy even more complicated, the financial requirements are NOT the same between consulates. So, check the requirements of the Mexican consulate in your city or country.
And because things are changing so quickly in Mexican immigration procedures (almost daily it seems) it’s never been more important for you to apply for residency sooner rather than later. Just because you qualify in 2022 for Mexican residency doesn’t mean you’ll qualify in 2023.
Interested in approx moving to Mexico costs? Read this post: How to Move to Mexico: 5 Steps
My advice: apply sooner rather than later.
There is no requirement for you to live in Mexico to remain a resident. So even if you have plans to move to Mexico years in the future, I’d recommend securing your residency visa first.
And while it may seem very simple to qualify for residency, unfortunately, the process isn’t. Mexican bureaucracy can be complicated and very inconsistent. Because of this, we recommend hiring an immigration facilitator familiar with local customs, laws, and requirements.
You may be told by others that hiring an immigration facilitator isn’t needed. And while that may have been the case 10 years ago, things change so rapidly today that it’s easy to make a mistake.
Oftentimes the worst mistakes are made by the people you think you should trust the most: the employees at immigration who are usually poorly trained. So hiring the right person who is up to date on immigration requirements and will know the law better than most is almost a no brainer.
Add to all of this the fact that most immigration offices in Mexico close for 2 weeks during Christmas. So you should apply sooner than later if you want any chance at getting your residency in 2022.
Who Do You Hire?
If you need a reputable immigration facilitator recommendation, we have a directory of them throughout Mexico in our COMPLETE Mexico Relocation Guide.
Our online guide has more than just information on how to get your residency in Mexico, it also connects you to the rights people that can help you. That way you’re not spending your precious time trying to figure out who to hire.
I hope this information helps you. And while no one can possibly tell you what will happen in 2023, it is very possible that the requirements and procedures will change in immigration. Wouldn’t you want to get ahead of that if you can?