Mexico is a country characterised by its openness to the migration of people from abroad, as well as its attractiveness as a tourist, relocation, and investment destination. For this reason, the different regulations applicable in Mexico regarding migration establish different mechanisms and procedures to facilitate and regulate the presence of foreigners in Mexican territory. In this order of ideas, Mexico’s migration law, in particular in Article 40, provides the following ways to obtain visas for foreigners:
Foreigners who intend to enter the country must present one of the following types of visas, validly issued, and in force:
For the purposes of this article, we will focus only on the temporary residency visa, and, in particular, on the possibility of obtaining a temporary residency visa by acquiring real estate. The migration law provides for a specific mechanism to obtain a resident visa for owners of real estate in the national territory, with the intention of guaranteeing to a greater degree the legal security of foreigners during their stay in the country. This temporary residency visa allows the foreigner to legally remain in Mexico for a period exceeding 180 days and not exceeding 4 years. The requirements to obtain this type of temporary residency are as follows:
After submitting the application, the migration authority will have a period of 10 business days to respond to the interested party. The temporary residency visa for the acquisition of real estate is an interesting alternative for any foreigner seeking to invest or solidify their stay in Mexico through the purchase of real estate. Knowing and understanding these processes is important for any foreigner looking to learn about or invest in Mexico.
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