There have been new changes to the visa requirements for
temporary and permanent foreign residents applying for their paperwork outside
of the country.
â€¢The economic solvency requirement for Mexico Residency was
lowered by 80%.
â€¢ Foreigners applying for Temporary Residency now are only
required to provide bank statements showing an average monthly balance of the
equivalent of $336,450.00 pesos, which is around $25,000.00 USD.
â€¢ If you are employed or receiving a pension, this amount
was lowered to the equivalent of $20,187.00 pesos, which is around $1,500.00
â€¢ Permanent Resident Visas will now only be issued to
foreigners having a family link to a Mexican resident or citizen.
The process of securing residency visas can be daunting on
the outset but in reality, it is mostly a matter of collecting the correct
paperwork. We are able to put our
clients in touch with specialists that can help them through the process.
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