Residential Status

After purchasing a property in Mexico a good next step would to be to apply for Permanent Residency status. While this may imply that you are leaving the USA for good it is mostly not the case. This process can be a very time consuming and tedious process which can take up to 3 months.

MVB Group has partnered with a reputable local immigration company that can make the process much more palatable. The complete service that we offer provides you with your permanent residency card within 2 weeks from your entry into Mexico.

Complete instructions of what you need to do prior to arriving in Mexico are also provided along with all the relevant paperwork which is checked before you visit the Mexican consulate in your home state.

Mexico Permanent Resident Immigrant Visas

Permanent Resident Visas are issued to foreign nationals who have the intention of living in Mexico for long periods of time (over six months) AND who intend to settle permanently (indefinitely) in Mexico.

Visa de Residente Permanente – Permanent Resident Visa

The Permanent Resident Visa is intended for people seeking permanent residency status in Mexico, or those who may seek eventual Mexican Citizenship. You do not need to be a Temporary Resident first to become a Permanent Resident later, provided that you fulfill one of the other requirements needed for permanent residency.

To apply for and be granted a permanent resident visa, the applicants must:

  • have certain close family connections in Mexico, or
  • apply for retirement status and prove they have sufficient monthly income (or substantial assets) to support themselves, or
  • have 4 consecutive years of regular status as Temporary Resident, or
  • have 2 consecutive years of regular status as Temporary Resident where that the Temporary Visa was issued through marriage to a Mexican National or a foreign permanent resident, or
  • meet a minimum score under the Points System*, or
  • be granted residency on humanitarian grounds or through political asylum.

If your goal is to seek long-term residency in Mexico, or to become a Mexican Citizen, you should apply for a Permanent Resident Visa.

Upon receiving immigrated status, you will receive a plastic card that looks like a driver’s license. This card enables you to pass through Mexico’s borders as if you were a Mexican national.

Applications for Permanent Resident Permits

With a few exceptions, the Permanent Resident Visa cannot be issued to you in Mexico; you must apply for it at a Mexican consulate outside of Mexico. This is a change to the rules before 2012, where Visitor Permits could previously be exchanged for Resident Permits if the person(s) fulfilled the criteria.

Examples of the kinds of people who might apply for Resident Visas:

Retirees / Independent Income

If you want to engage in “non-remunerative activities” (i.e. you do not intend to earn money in Mexico) and you are receiving funds from abroad (from a pension or other investments or income sources) you can apply for a Permanent Resident Visa if the income and assets you have meet the financial requirements.

Investors

You can receive a resident permit if you are willing to invest your capital in Mexico. Your investment can be directed at industry or services, and must equal a minimum set amount.