Are you eligible for Residency in Mexico 2024? (Understanding Mexican Residency Visas)

FREE Resources Mentioned in this Video
FREE Residency Visa Guide https://bit.ly/3XvdEQ5
Economic Solvency Requirements by Consulate https://bit.ly/3RA6vKz
Immigration Fees (up to date) https://bit.ly/4cnRfZ8
Guide to hiring immigration facilitators https://bit.ly/4ciUtNE

Please see the 2024 requirements here
Mexican Temporary Resident (Residente Temporal)
For temporary residency, the following formula is used, and we have an approximate amount in USD based on an exchange rate of 18 MXN to 1 USD.

Monthly Income Requirement
Formula: 300 x daily minimum wage
Total in USD: Approximately $4,150 USD per month
Or Proof of home ownership in Mexico worth at least $553,000 USD
Savings Requirement
Formula: 5,000 x daily minimum wage
Total in USD: Approximately $69,167 USD
The income requirements vary by consulate and are NET (after taxes).

Mexican Permanent Resident (Residente Permanente)
For permanent residency in Mexico, the economic solvency requirements are typically higher. Using a daily minimum wage of 249 MXN and an exchange rate of 18 MXN/USD, here are the updated totals:

Monthly Income Requirement
Formula: 500 x daily minimum wage
Total in USD: Approximately $6,917 USD per month
Savings Requirement
Formula: 20,000 x daily minimum wage
Total in USD: Approximately $276,667 USD
The income requirements vary by consulate and are NET (after taxes).

Get the latest Mexican Residency income requirements by consulate- https://mexicorelocationguide.com/mex...

here's a useful page https://mexicorelocationguide.com/are...

Chapters
00:00 Introduction
00:32 Are you eligible to move to Mexico?
00:53 Types of Residency Visas in Mexico
02:47 Temporary Residency Requirements
03:44 Requirements Vary by Mexican Consulate
05:47 Permanent Residency Requirements
07:16 Regularization Program in Mexico
08:37 Requirements for Family Members
11:01 How to Get the MOST Up to Date Info

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