Dominique Nicolas Esposito Hernandez

Credit cards accepted

Attorney in Cancun , Mexico

  • Attorney in Cancun , Mexico

  • Credit cards accepted

Senior Partner at firm ESPOSITO & ASOCIADOS

Attorney in Cancun , Mexico

Credit cards accepted

Another option to obtain the temporary residence in Mexico is to have a number of different investments in Mexico, including real estate, stocks, and a business. Altogether, you should have at least $86,000 USD (at the current exchange rate, or 20,000 days of general minimum wage) invested in real estate and another $86,000 invested in shares in a Mexican corporation.

You must also provide sufficient documents to prove the development of economic activity, such as invoices, receipts, contracts, business plans, permits, and your registry with the Mexican Social Security department showing that you are employing at least three people.

In any of these cases, temporary residence is only granted for a one year period to begin, after which you can apply for renewal for an additional one to three years.

To maintain your temporary resident card, there is no requirement for the time you must spend in the country during the course of a year. Plus, you can enter and exit the country an unlimited number of times. However, while this currently does not create any problems for renewing your residency card, if you plan to apply for Mexican citizenship in the future, you should reside in Mexico for most of the yea

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