The Best Markets for Airbnb Investment
Whether you want to rent out an existing property for some passive income via Airbnb or you plan to dip your toes into local or foreign...
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Mexico
Overview
Mexico is a land of extremes, with high mountains and deep canyons in the center of the country, sweeping deserts in the north, and dense rain forests in the south and east. Mountains cover much of Mexico. Between the Sierra Madre Oriental mountain range in the east and the Sierra Madre Occidental in the west lie small mountain ranges on the Central Plateau. These regions are rich with valuable metals like silver and copper.
The stretch of land called the Yucatán Peninsula juts into the Gulf of Mexico from Mexico's southeastern tip. It was once the home of the Maya civilization, an ancient culture whose amazing buildings can still be seen today.
Mexico is rich in natural resources, like oil, silver, copper, and agricultural products. Its economy boasts a rich diversity of agricultural crops, highly productive oil fields, a growing manufacturing base.
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An stock participation of more than $125000
Possibility of applying for a permanent residence
Approximately 6 months
Citizenship after 5 years of living in the country
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Investment options:
Investors residency
An investor visa in Mexico is intended for foreigners looking to do business or buy a property, and who plan to remain in the country for a period greater than 180 days, and for up to four years. With an investor visa in Mexico, you will have the opportunity to live and work in the North American nation, while also having the option of qualifying for permanent residency. The documents required to prove investor status can be any of the following: • Deed legalized before a public notary indicating the constitution of a company in Mexico or a document that proves that the foreign investor participates in the capital stock of a company established in the country. Note that your stock participation must be greater than MXN $2,464,400 (approximately $125,000). • Documentation that proves the ownership of real estate or fixed assets in Mexico, whose value must be equivalent to a minimum MXN $2,464,400. • Documentation that certifies the development of economic or business activities in Mexico. This may be proven through contracts, service orders, invoices, receipts, business plans, or proof issued by the Mexican Social Security Institute, indicating the employment of at least three workers. Once you have an investor visa in Mexico, you can apply for permanent residency. This is the best option if you expect to live in Mexico beyond the four years your visa allows for. With a permanent residence visa, you will be able to do business, invest, study, carry out banking operations, and travel within the country for an unlimited period of time.
Mexico’s temporary resident visa gives digital nomads the right to live in Mexico from six months to four years and work for foreign companies. Because Mexico’s digital nomad visa is mainly targeted toward Canadians, you’ll be required to pay all fees when applying in Canadian dollars at the local bank branch.
- Fees: CA$ 371 (US$ 288).
- Duration: Six months, up to four years.
- Internet fixed speed: 70.58 Mbps / Mobile: 41.27 Mbps.
Requirements include:
Prove a monthly income of US$ 2,117 or an average monthly bank balance of CA$ US$ 35,290.
Digital Nomad Visa
Steps to follow
Step 1 - Preliminary Check:
Our specialized team will review the documentation submitted to verify that the immigration requirements are met. In addition, we will verify the transparency of investment funds. As a result, we will have a background check report and signed contract.
Step 2 - Choose of Investment:
You must select the investment option that most convinces and suits you, so that later we can start the process. If you decide to obtain residency through real estate investment, we will help you choose your property based on your needs and desires.
Step 3 - Preparation of documents and sending to the corresponding agency:
We take care of everything: we obtain the criminal record certificates, we fill out and complete the government forms, we certify the documents before a notary, we do the translation and apostille everything (this service has a separate cost), and then we send it to the residence. We present your documents independently and with strict compliance with the requirements, as well as monitoring the progress of the application. As a result, we will confirm the receipt of the documents by the government.
Step 4 - Due Diligence check:
Once the residency agency receives all the documents, the applicant's background check begins. In the event that additional documents are required during verification, we will handle those requests.
Step 5 - Case Investigation:
We look forward to a positive resolution and receive the new documents together with you. If necessary, we can also help you with other operational, commercial and even domestic matters (including the arrangements of additional documents).
Step 6 - Receiving residency:
When the investment and all fees are paid, you receive the certificate of residence. Then, these documents are sent to you, so that after the wait, you can start enjoying them.
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FAQ
Does this residency allow me to obtain citizenship?
Yes, you can access citizenship after 5 years of living in the country.
For how long will I have the residence?
The residence permit is for 4 years.
What documents are required?
• A completed application form with a photograph. • A copy of your passport. • Documents that prove your income is legal. For example a employment contract. • Certificates of no criminal records. • Health insurance policy. • Payment documents confirming the payment of state duties and fees. • Documents confirming the fulfillment of the investment conditions stipulated in the application.
How much is the processing time?
The processing time is for only 6 months.
Is Mexico Safe?
Mexico is a very safe country to travel to and live in as long as you keep in mind some common-sense safety tips. With a vibrant culture, rich food, fantastic climate, and friendly people, it's an ideal destination and well worth the to live.
Is dual citizenship accepted in Mexico?
Yes, you can access dual citizenship in Mexico.
With what currency must the residency programs be paid?
This residency program should be paid in pesos.
How strong is the Mexico visa?
The Mexican passport currently ranks in the 25th place according to the Guide Passport Ranking Index. It provides visa-free access to 158 countries.
Can the residence be purchased with an investment in Real Estate?
Yes, there is a very stable real estate market that offers significant opportunities to investors as well as resident property dealers.
In what cases can my application be rejected?
Most of the applications are authorized, however there are some reasons why you may have difficulty with this residency. Such us: • Having criminal records. • Lack of documentation. • Do not meet the minimum time in the country.
The main applicant must go to Mexico?
The whole process can be arranged without being present in the country.
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