Retirement Visa in Mexico
We provide specialized Retirement Visa legal consultation for people looking to retire in Mexico.
We provide specialized Retirement Visa legal consultation for people looking to retire in Mexico.
Retirees looking to permanently reside in Mexico can apply for a Permanent Resident visa.
This visa category typically prohibits retirees from engaging in paid activities within the country. Dependents can also be included in the application.
The retirement visa for Mexico welcomes individuals from any global nationality. Nonetheless, this income criteria must be satisfied:
If you plan to retire in Mexico, you must demonstrate that in the past six months you have received a pension or retirement income equivalent to at least 300 days of the Mexican minimum wage (this depends of the country, but goes around US$3,000 to US$5,000). Alternatively, you can prove that you have investments or bank accounts with an average balance of, depending of the country, around US$150,000 – US$200,000 over the past year.
If you have a dependent you must have an extra 25% of your monthly income, as well as proof of family relationship (birth certificates, marriage certificates, etc)
If you are applying for a Residence Permit to retire in Mexico, you will need the following documents:
Cover Letter addressed to the Mexican embassy, including:
Bank Statements from the last six months showing a set monthly income (typically around US$2,000-US$3,000, depending on the country).
Proof of Investments with bank statements from the last twelve months (if applicable).
If you have a dependent:
Taxation for expats in Mexico can be complex and is influenced by the type of visa you hold and whether you are considered a Mexican tax resident.
Retirement Visas:
Tax Residency:
Canada-Mexico Tax Convention:
Additional Income Sources:
It’s crucial to consider these factors and seek professional advice to manage your tax obligations effectively when relocating to Mexico.
If you become a tax resident in Mexico, the income tax rate goes progresively up to 35% for earnings over 4,511,707 MXN (US$247,882).
In conclusion, the retirement visa in Mexico opens doors to a dynamic work-life experience in a country known for its captivating culture and breathtaking landscapes, but sometimes is difficult to do everything on your own. If you’re eager to embrace the freedom of remote work, and need someone to be at your side on each step of the process, our team is ready to assist you.
A lawyer can help you with the Mexican retirement visa by providing legal advice and guidance throughout the application process. Some ways a lawyer can assist include:
Understanding the eligibility requirements: A lawyer can help you understand the eligibility requirements for the Mexican retirement visa, including the criteria you need to meet and the documents you need to submit.
Preparing your application: A lawyer can assist you in preparing your application for the Mexican retirement visa, ensuring that all the required documents are included and that your application is complete.
Addressing potential issues: If there are any potential issues with your application, such as gaps in your employment history or criminal convictions, a lawyer can help you address these issues and present your case in the best possible light.
Representing you in appeals: If your application is denied, a lawyer can represent you in any appeals process and help you to overcome the reasons for denial.
Providing ongoing support: A lawyer can provide ongoing support throughout the application process, answering any questions you may have and keeping you updated on the status of your application.
If you are interested in obtaining a Mexico retirement Visa, don’t hesitate to contact us today. Our team of experienced lawyers is ready to assist you and guide you through the entire application process. Let us help you make your dream of living in Mexico a reality. Contact us now to schedule a consultation and get started!
Join the growing community of retirees in Mexico and experience all that this incredible country has to offer.
Obtaining a retirement visa in Mexico offers numerous advantages. Firstly, it provides legal permission to live and work in one of the most captivating countries, with its vibrant cities, stunning coastline, and rich cultural heritage. Secondly, the visa enables access to Mexico’s thriving digital and tech ecosystem, fostering networking opportunities and professional growth. Lastly, the visa allows retirees to immerse themselves in the warmth of Portuguese hospitality, savor its delectable cuisine, and explore its diverse regions while maintaining a flexible work-life balance.
Experience the rich Mexican culture.
Explore Europe without visa restrictions.
Mexico has a stable and growing economy
Taste world-renowned Mexican food and wine.
Cost of living is lower compared to other countries.
Access to high-quality healthcare facilities and services.
Mexico has a highly skilled and multilingual workforce
Explore diverse regions within Mexico.
The processing time for a Mexican Temporary Resident Visa varies by embassy, ranging from one week to a month. Therefore, it is advisable to apply for the visa at least one month before your intended travel date.
One of the perks of retiring in Mexico is the low living costs. You do not need to spend much to live well, and an amount of $800 will get your monthly expenses covered.
For us, Lexidy is a way of life and what excites us the most is to be able to deliver the happiness and satisfaction of a successful immigration process. We want to help you achieve your goals and dreams, whether it’s residence in Mexico or simply an investment.