Major loophole in Mexican residency that you may want to initiate if visiting North America

[Jingthing]

If you know anything about Mexican residency, you would know that the financial requirements have gotten very high and they go up quite a lot every year. Options include by income OR money in the bank including retirement accounts.

Most retired expat types would have enough in retirement accounts to qualify for temporary residence (which leads to permanent residence four or five years later without ever needing to show money again).

But suppose you can't qualify or you're worried that the requirements will be too high if you ever do want to do this in future years.

Well, believe it or not, there exists an amazing LOOPHOLE that gets around the financial requirements, basically getting you into the temp residence path towards perm or even citizenship.

It's referred to as REGULARIZATION or officially RNE (Registro Nacional de Extranjeros).

It sounds too good to be true but it has been true for many people moving to Mexico for years already.

It's a program renewed or not renewed annually so no guarantee it will still exist when you want to use it and/or the rules could change as shown in the link.

So what do you need to do?

Visit Mexico as a TOURIST at least once and then you might be eligible for this loophole many years later.

So what's the point?
Well if Mexico is on your list as a possible backup to Thailand, and you're visiting the U.S. or Canada anyway, a little trip down south could set you up for this option later.

Even if you could qualify financially, in some ways this is better, because for standard method, you must make application at a Mexican consulate abroad.

With the RNE, you do the application in Mexico. Once you have your temp residency status you're in the exact same boat as those who qualified using the standard method. It's not a lesser than temp residence because of the way you started. 

 

WEBSITE: 

Special Residency in Mexico- NO INCOME NEEDED (RNE Program) - Mexico Relocation Guide