Mexico Investor Visa

What is a Mexico investor visa? This is a visa given to foreign nationals who wish to

·         Expand their businesses by opening up branches in Mexico

·         Invest in Mexican industries

The Mexican economy is the 15th largest in the world and the second largest in Latin America. According to conservative estimates, as released by the World Bank, Mexico has a $1.27 trillion GDP and is a destination for international business.

If you are interested in investing in Mexico, you need a Mexico investor visa to enter the country. You will find all the necessary information in this article.

Mexico is a highly populated country with over 128 million people and is a big manufacturing hub in North America, producing consumer, technological and industrial goods. With several seaports opened in the country, Mexico serves as a transit point for cargo going down south to Latin American and Central American countries and up north to North America.

Mexico is also a signatory and a member of the United States-Mexico-Canada Agreement, popularly called USMCA, which is the biggest trading block in America. This membership makes Mexico an attractive investment country for investors looking to develop commercial operations so they can take advantage of the economic opportunities in North America

Such persons looking to engage in economic or business activities in Mexico but are not Mexican citizens require the right documents that allow them to enter and do business in the country. This document is called a Mexico investor visa.

Who Is A Mexican Investor?

A Mexican Investor is a foreign national who buys a property in the country or opens a business with the aim of remaining in the country for much longer than 180 days or up to four years. Such individuals are issued an investor visa which is different from other types of visas.

It allows them to live, work and do business in the country and also creates an avenue for them to qualify for permanent residency in the country.

A Mexican Investor is a foreign national who buys a property in the country or opens a business with the aim of remaining in the country for much longer than 180 days or up to four years.

Although it is possible to invest in Mexico without visiting the country, you need a visa to enter and stay put. Staying in the country will give you a better understanding of your business operations and how to make better moves that will minimize risks and improve your profit margins.

A Mexico investor visa helps you in this regard.

How To Obtain A Mexico Investor Visa

Here are the steps to take to acquire a Mexican visa for investment.

Book An Appointment

The first step is to book an appointment with the Mexican consulate in your home country. Note that you can only apply for temporary resident visa outside Mexico, not when you are inside the country. You will need to fill out the application form, attach the corresponding documents and submit it with the application fee. The fee amount will range from $50-$60.

Another document required will be one to prove that you qualify for investor status. The documents may be any of the following

·         Deed legalized by a public notary to prove that you have stocks in the stock market worth at least $125000

·         Documents of real estate ownership worth about $125,000

·         Certified documents to prove your economic and business activities in Mexico (contract, service orders, receipts, business plans, Mexican social security institute document)

Note: Once you submit any of these documents and meet the financial criteria and the minimum monthly income, the consulate may take about two days to verify them.

Obtain  A Provisional Mexican Investor Visa

After verifying all your documents, the Mexican consulate will grant you a provisional visa for temporary residency which will allow you to enter Mexico with a temporary resident card to continue with your application. The visa must be submitted to the National Institute of Migration (INM) once you arrive.

An application fee will be requested of you; the fee will depend on the amount of time you plan to stay back. For instance, if you plan to stay back for one to four years, the fee may range from $2000-$5000 and can take up to three days to process.

Based on the standard practice of the National Institute of Immigration, the shorter your plans to stay in Mexico, the brighter your chances of getting your application approved. So we recommend that you apply for permanent residence one year and not more than two years. Towards the expiration of the current visa, you can always apply for a renewal every year.

Get Your Fingerprints Taken

When you visit the INM office, your fingerprints will be taken, and further documents will be requested of you, which you must provide. The documents verification procedure and application processes may take up to 4 weeks.

Apply For Permanent Residency

As an investor with a visa, you qualify to apply for permanent residency afterward. This option is the route taken by many investors with long-term business goals.

A residency permit or visa allows you to stay in the country indefinitely. It also allows you to travel to and fro from Mexico without any problems or restrictions. You can do business, invest, study, travel out and within the country and engage in any legal activities of your choice.

A Mexico investor visa allows you to do business in Mexico while living in the country. It is also a viable route to gaining permanent residency in the country.