Mexico is The Americas’ fifth largest country, bordering the United States to the north. Mexico is transforming from a small economy to one that is open and diverse, with well-developed infrastructure in transportation, logistics, automotive, and real estate. The country’s automobile industry is well-known around the world. Mexico provides a relatively stable and secure economic environment for foreign businesses. It has a sizable internal market as well as a vast network of free trade agreements (FTAs) Foreign investment in Mexico is governed by the Foreign Investment Law of 1993. Foreign investors are treated equally to local investors in terms of legal protection, and they are permitted to invest in almost any type of economic activity in the country.
An investor visa in Mexico is for foreigners who want to do business or buy property in the nation for more than 180 days and up to four years. With an investor visa in Mexico, you’ll be able to live and work in the North American country while also potentially qualifying for permanent residency.
While a foreign person can invest in Mexico without visiting the country, doing so will allow you to better understand and engage in all parts of your business operations, as well as create contacts, identify potential additional business prospects, and reduce risks.
You must make an appointment with a Mexican consulate in another country, complete the application form, provide the required papers, and pay the application fee, which is now between $40 and $60. Any of the following documents can be used to show investment status:
- A deed approved before a public notary indicating the formation of a corporation in Mexico or a document proving that a foreign investor owns equity in a company incorporated in the country. It’s worth noting that your stock participation must exceed MXN $2,464,400 (about $125,000).
- Documentation demonstrating ownership of real estate or fixed assets in Mexico, with a value of at least MXN $2,464,400.
- Documentation that attests to the growth of economic or commercial operations in Mexico. Contracts, service orders, invoices, receipts, and business plans issued by the Mexican Social Security Institute can be used to demonstrate this.
It’s time to travel to the country when you’ve completed the necessary steps to confirm your status as an investor. You must do it by following the steps below:
- You must have official documents or certified copies of official documents that confirm your status as an investor in the country. If you don’t have the necessary documentation, immigration officers might deny you entrance and deport you.
- You will be given paperwork to submit to the National Institute of Migration in the next 30 days to request your temporary residency by investing after your function as an investor has been validated.
It’s worth noting that a temporary residency obtained through investment does not allow you to engage in remunerated activities on its own, as this necessitates the completion of a separate process known as a Work permit.