{"id":17139,"date":"2018-12-24T09:00:20","date_gmt":"2018-12-24T14:00:20","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/blog\/?p=17139"},"modified":"2019-01-02T14:54:54","modified_gmt":"2019-01-02T19:54:54","slug":"temporary-vs-permanent-resident-visa-in-mexico","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2018\/12\/temporary-vs-permanent-resident-visa-in-mexico\/","title":{"rendered":"Temporary vs Permanent Resident Visa in Mexico"},"content":{"rendered":"

With thousands of people migrating to Mexico for the warm weather, lower cost of living<\/a>, and great property values, you will also need to know more about establishing a residency status. You can choose to apply for either temporary or permanent residency. There are advantages to both statuses but depending on your situation, one might fit better than the other. When you first arrive in Mexico, and regardless of your length of stay, you need to apply and have an FMM \u00e2\u20ac\u201c Forma Migratoria Multiple.<\/em> This is known more as a visitor\u00e2\u20ac\u2122s visa and will allow you to travel around Mexico legally.<\/p>\n

\"Mexico<\/p>\n

Once in Mexico, you can decide if you want to keep renewing your FMM status. There are stipulations to a visitor\u00e2\u20ac\u2122s visa, but you can apply for full or temporary residency. The visitor\u00e2\u20ac\u2122s visa has certain restrictions. After 180 days of having received your visa, you must leave Mexico for a certain amount of time. You cannot extend or deviate from the dates or you will be penalized. You can reestablish a visitor\u00e2\u20ac\u2122s visa; but after doing so a few times, we recommend you consider applying for a temporary resident visa instead. If you\u00e2\u20ac\u2122re visiting Mexico often, that would be a better fit for you.<\/p>\n

Temporary Resident Visa (TRV)<\/strong><\/h3>\n

The Temporary Resident Visa eliminates having to exit and reenter every 180 days. A TRV allows you to stay for a period greater than 180 days but no more than four years. To apply for a TRV you have to contact Mexico\u00e2\u20ac\u2122s Secretaria de Relaciones Exteriores <\/em>(SRE). You can also apply for a family unit TRV as well. Staying in Mexico with a Temporary Resident Visa allows you to stay for a full year. You can renew up to 3 times consecutively. Being able to not have to leave Mexico every six months will save you and your family time and money. Psychologically speaking, it also helps you feel like you are part of the community, rather than an outsider. You can establish long-term friendships, belong to a group or church, have a family doctor and dentist, and enjoy a favorite local restaurant or bar.<\/p>\n

\"Temporary<\/p>\n

You will have to pay an annual fee to maintain your status and TRV card. After four years as a temporary resident, you will either go back to using a visitor\u00e2\u20ac\u2122s visa or you can apply for a Permanent Resident Visa. You will have to fill out the application and qualify for the card. There are several other advantages to having permanent status over going back to a regular visitor\u00e2\u20ac\u2122s visa<\/p>\n

Permanent Resident Visa (PRV)<\/strong><\/h3>\n

The Permanent Resident Visa offers many benefits that you can\u00e2\u20ac\u2122t receive from having a Temporary Resident card. Having PRV status allows you to speak with a legal Mexican Notary who can, in turn, approve you for a Home Owner\u00e2\u20ac\u2122s Exemption. The exemption keeps you from paying a 25% capital gains tax when you sell your home. If you travel outside of Mexico for a period of time, you won\u00e2\u20ac\u2122t be able to come back and deal with reapplying for a TRV card. Instead, your Permanent Resident status will grant you quick access back into the country. Another advantage is that you can get a Registro Federal de Contribuyentes<\/em> (RFC) tax number. This will allow you to work legally in Mexico.<\/p>\n