Meeting the financial requirements of a Mexican residency visa

Published March 1, 2023

As many digital nomads have discovered during the height of the COVID-19 pandemic, Mexico gives visitors from many countries a generous six-month (180-day) stay here simply upon arrival. But what if you’re interested in staying in Mexico for the long-term — say, for a few years, or maybe for the rest of your life?

If you’re looking to settle in Mexico for more than 180 days, then you need to apply for a residency visa. You apply for a residency visa not in Mexico but at a Mexican consulate in your home country.

You’ll also need to make sure you can pass Mexico’s financial solvency requirements. This article is a basic guide to what those financial solvency requirements are for the temporary and permanent residency visa.

Any financial solvency requirements will be based on a calculation using Mexico’s minimum wage, which recently went up again, by 20%, to $207.44 pesos (about US $10.80) per day. So be sure that any calculations you make reflect the new minimum daily wage.

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