Before buying our COMPLETE Mexico Relocation Guide from us, I’d like to ensure you know the basic qualifications to obtain legal residency in Mexico.
Obtaining residency in Mexico will almost always start at a Mexican Consulate or Embassy near you. Mexico has approx 67 Consulates and 80 embassies worldwide. There are 50 Mexican Consulates in the U.S. and about 7 consulates in Canada. So finding one near you should not be a huge problem.
Income Needed in USD A Month
There are a few ways to get Mexican Residency. However, the most common is through economic solvency. This means you must make a certain amount each month for Mexico to deem you eligible for a residency visa.
There are two main residencies through economic solvency: Temporary or Permanent.
The lowest income requirements for residency in 2023 start at $2,600 USD a month with proof of bank statements for the last 12 months. *However each Mexican Consulate has its own requirements. And some can require as much as $3,300 USD a month.
It’s also important to know these requirements change every year. We keep the requirements up to date on this page and in our online guide.
You can obtain residency either through monthly income or through investments/savings.
See our list of income requirements here for consulates across the world
Residency Through Property in Mexico
Although most consulates’ websites state there is an option for temporary residency through home ownership in Mexico valued at $400,000 USD or more, we have NEVER seen or heard from someone successful at gaining residency this way.
Our customers and contacts that have tried getting residency this way have 100% been denied or asked for economic solvency only.
Ties to A Mexican National
If you are the spouse, parent, or child of a Mexican national, you qualify for residency in Mexico WITHOUT having to prove economic solvency.
To apply, you can either visit a local Mexican Consulate or apply at your local INM office in Mexico. For help with this, we recommend hiring our recommended immigration facilitators. Their contact information is given to you when you purchase our Mexico Relocation Guide.
Do You Have To Live in Mexico?
Currently, there is nothing in immigration law requiring you to live in Mexico to remain a resident. This means you can apply for residency years before moving to Mexico.
For temporary residents, you will have to travel back to Mexico to renew your residency after the first year. However, permanent residents do not need to renew their residency ever.
Our Plan B has always been living in Panama. Panama only requires you to have $1000 USD a month in guaranteed lifetime income such as social security or a pension.
For more information about moving to Panama, check out PanamaRelocationTours.com