Everything You Need to Know About Economic Solvency for Legal Residency in Mexico

If you’re considering applying for legal residency in Mexico in 2025, this guide describes financial criteria for legal residency in Mexico.  Also provides a detailed overview of the economic solvency requirements to help you navigate the process confidently.

Financial Criteria for Legal Residency in Mexico 2025: What You Need to Know

In 2025, Mexican immigration law continues to emphasize economic solvency as a primary path to residency. The requirements ensure that applicants possess the financial means to sustain themselves while living in Mexico.

This updated guide outlines the qualification routes and provides insights into the financial amounts needed to meet the requirements, all fully revised for 2025.

Key Points About Economic Solvency for Residency

Here’s a snapshot of the financial criteria to apply for legal residency in Mexico in 2025:

• Lower Thresholds in 2025: The financial requirements, expressed in US dollars, appear slightly lower than in 2024.
• Currency Fluctuations: This decrease reflects the Mexican peso’s depreciation against the US dollar, moving from approximately 17 pesos per dollar at the start of 2024 to around 20 pesos per dollar in early 2025.
• UMA Adoption: Mexican consulates are not adopting the UMA (Unidad de Medida y Actualización) system for 2025, maintaining their current evaluation criteria.

Routes to Qualify for Residency Using Economic Solvency

To apply for residency under the financial criteria, you must meet one of the following four routes.

1. Demonstrate a Minimum Monthly Income: Provide proof of consistent income above a specified threshold through bank statements or employer documentation.
2. Maintain a Minimum Balance in Savings or Investments: Show evidence of a qualifying amount in personal savings or investment accounts over the required period.
3. Own Property in Mexico: Present a property title deed demonstrating ownership of a home in Mexico with a minimum appraised value.
4. Invest in a Mexican Company: Meet the requirements by investing a specified amount of capital in a registered Mexican business.

For each route, all documentation must be under the applicant’s name to be considered valid.

Typical Amounts Required by Means/Asset Type

The amounts listed below are the financial benchmarks Mexican Consulates usually require to qualify for residency, whether you’re applying for Temporary or Permanent Residency.

Key Points About These Figures

• The amounts are calculated based on Mexico’s Daily Minimum Wage and an estimated exchange rate of 20 pesos to 1 USD for 2025.
• The financial documentation required includes statements proving consistent income or sufficient savings over a specified period.

To explore which types of income or savings qualify, check out our detailed FAQs on economic solvency for residency in Mexico.

Guide to Obtain Visas, Residences in Mexico and Immigration

Residency in Mexico Using Your Monthly Income

For those relying on their monthly income to meet the criteria for a residency visa, the table below outlines the required amounts:

Residency Type (2025)	Monthly Income
Temporary Residency	A regular income of at least $4,182USD per month, every month, over the last 6 months. (Some consulates may request up to 12 months.)
Permanent Residency	A regular income of at least $6,970USD per month, every month, over the last 6 months. (Some consulates may request up to 12 months.)

Residency in Mexico Using Your Personal Savings/Investments

For those seeking legal residency in Mexico, demonstrating economic solvency through personal savings or investment balances is a common route. Mexican Consulates abroad require applicants to provide evidence of adequate financial resources to qualify for Temporary or Permanent Residency. Here’s everything you need to know about meeting these financial criteria in 2025.

Using your personal savings or investment balances, you must show that you maintain the minimum required balance consistently over a set period. The amounts vary depending on whether you’re applying for Temporary Residency or Permanent Residency, as shown below:

Residency Type (2025)	Required Savings/Investment Balances
Temporary Residency	Qualifying savings/investments showing account balance(s) of at least $69,700USD over the last 12 months.
Permanent Residency	Qualifying savings/investments showing account balance(s) of at least $278,800 USD over the last 12 months.

Residency in Mexico Based on the Market Value of Your Residential Property

You may apply for Temporary Residency at a Mexican Consulate if you own residential property in Mexico and can demonstrate that:

• The property has a minimum market value of MXN $11,152,000 pesos (approximately $557,600 USD).

• The property is located within Mexico (properties abroad do not qualify).

• The property is free of liens, charges, or mortgages.

• The value used must be from the title deed, sales contract, or an official recent valuation.

• The name(s) on the title deed or sales contract must match the applicant’s name(s).

Residency in Mexico Through a Capital Investment

You can qualify for Temporary Residency by committing to invest in a private Mexican-owned business or companies listed on the Mexican stock exchange.

• The investment must total at least MXN $5,576,000 pesos (approximately $278,800 USD).

• The capital must be invested in one of the approved ways under immigration regulations.

• These applications are more complex compared to other ‘economic solvency’ pathways.

Assistance with Mexico Immigration

If you need help with your residency application, renewals, or regularization in Mexico, our Immigration Lawyers provides professional consulting, tailored advice, and practical support. We guide you through the entire process, including visa exchanges, renewals, regularizations, and resolving any issues that may arise.

Notes and FAQs

This section provides additional information related to the financial criteria mentioned above. Refer to the following section (Appendix) to understand how Mexico’s Minimum Daily Wage (MDW) and Unidad de Medida y Actualización (UMA) affect the economic qualification criteria.

Exchange Rates

For illustrative purposes, the USD-equivalent amounts were calculated using an exchange rate of 20 Mexican pesos (MXN) to 1 US dollar (USD). However, Mexican Consulates abroad and immigration offices in Mexico may apply different exchange rates, which may not align with these illustrations or the latest market rates.

Financial Requirements May Vary by Consulate

The economic solvency requirements may vary between Mexican consulates. These differences are often due to:

• The exchange rate applied by each consulate, which can vary depending on the local currency in the consulate’s jurisdiction.

While there are minor variations, the requirements generally align with multiples of Mexico’s Minimum Daily Wage (MDW) for the given year. (See the next section for detailed insights on MDW.)

Residency Applications for Married Couples

If you’re applying as a couple, you do not need to prove double the financial amounts stated above.

• Principal applicant: Must meet the financial requirements for income or savings as outlined above.

• Dependent spouse/partner: Must demonstrate an additional income or savings amount equivalent to 100 times the MDW.

Documentation Needed:

• Legally married couples must provide a marriage certificate.

Dependent minors

If you’re applying for residency with dependent children, note that only minor children (aged under 18 years) can be included on the application as your dependents.  Adult children must use their own means/assets to qualify.

For minor children dependents, you will need to demonstrate income or a savings balance in the amounts above for the principal applicant plus an additional sum of income or savings balance equivalent to 100 x Minimum Daily Wage (MDW) for each dependent minor child. (See the next section in this guide about how figures are calculated regarding MDW.)

Also note: Both parents must be present at the residency interview to sign the application for the dependent child(ren), otherwise a notarized letter from the absent parent authorizing the application must be submitted alongside the application.

Family Unit applications

“Family Unit” applications are those where the applicant has specific family ties or roots in Mexico, for example, Mexican parentage or a Mexican spouse or common-law partner. Learn more about Family Unit residency applications.

Permanent residency

Mexican Consulates are requiring applicants ‘to be retired’ to grant applications for Permanent Residency right away—even when applicants meet the economic solvency requirements.

If the applicant has the economic means for permanent residency but does not otherwise qualify, the Mexican consulate will usually offer to grant Temporary Residency instead.  Read this if you are applying for Permanent Residency as a couple.

Student residents

Financial qualification criteria for student residency permits are considerably lower (see the tables in the next section) but note that student residency permits carry restrictions that non-student residency permits don’t have.  Work permissions can optionally be sought with student residency permits.

All applications

Every application is dealt with on a per-case basis and the Mexican consulate abroad or immigration office in Mexico retain ultimate discretion to accept an application—and thereafter grant or deny that residency application.

Mexico Immigration Assistance

When you need assistance with your Mexico residency application, renewals, or regularization procedures, our Expert Immigration Lawyers in Cancún provides consulting, advice, and support that assists you through the entire residency application or renewal process, including visa exchanges, regularization procedures, and troubleshooting.

Appendix: How the Financial Requirements Are Calculated

Under Mexico’s immigration laws, applicants seeking residency through economic solvency must meet specific financial requirements based on multiples of either:

• Mexico’s Minimum Daily Wage (MDW)

The values of MDW are updated annually in January, directly impacting the financial criteria needed to qualify for residency.

Key Values for 2025:

• Minimum Daily Wage (MDW): $278.80 MXN

Important Notes:

• Mexican consulates abroad typically use MDW for their calculations and are not expected to adopt UMA.

• Immigration offices in Mexico use UMA values for their calculations. (for penalties)

Starting Your Application

Most residency applications must begin at a Mexican consulate abroad, except for certain cases, such as Family Unit applications involving Mexican family ties or roots, which may allow applications to be initiated in Mexico.

Financial Requirements: Multiples Explained

Applicants must demonstrate income or savings based on the residency type they are applying for, calculated as multiples of MDW.

Residency Types and Financial Multiples:

Residency Type	Monthly Income (x MDW)	Savings Balance (x MDW)
Temporary Residency	300 x MDW	5,000 x MDW
Permanent Residency	500 x MDW	20,000 x MDW
Dependent Spouse	100 x MDW	100 x MDW
Dependent Minor	100 x MDW	100 x MDW
Family Unit	100 x MDW	100 x MDW
Student Residency	100 x MDW	1,000 x MDW

Examples: Monthly Income Requirements

Using MDW values for 2025:

Residency Type	Monthly Income (MXN)	Approx. USD Equivalent*
Temporary Residency	MXN $83,640	USD $4,182
Permanent Residency	MXN $139,400	USD $6,970
Dependent Spouse	MXN $27,880	USD $1,394
Dependent Minor	MXN $27,880	USD $1,394
Family Unit	MXN $27,880	USD $1,394
Student Residency	MXN $27,880	USD $1,394

*USD equivalents are calculated at an exchange rate of 20 MXN to 1 USD.

Examples: Savings/Investment Requirements

Using MDW values for 2025:

Residency Type	Savings Balance (MXN)	Approx. USD Equivalent*
Temporary Residency	MXN $1,394,000	USD $69,700
Permanent Residency	MXN $5,576,000	USD $278,800
Dependent Spouse	MXN $27,880	USD $1,394
Dependent Minor	MXN $27,880	USD $1,394
Family Unit	MXN $27,880	USD $1,394
Student Residency	MXN $278,800	USD $13,940

*USD equivalents are calculated at an exchange rate of 20 MXN to 1 USD.

Mexican Consulates Abroad

When applying at a Mexican consulate, the financial requirements will be quoted in the local currency (e.g., USD, CAD, GBP, or EUR).

• The MDW multiples are used for calculations.

• Requirements and exchange rates may vary between consulates.

Need Assistance?

If you need help with your application process, renewals, or regularization, our Expert Immigration Lawyers in Cancún offers expert consulting, tailored advice, and step-by-step support. We make the residency process seamless, from visa exchanges to troubleshooting any issues that arise.

Solicita una asesoría para temas migratorios: +52 9982029043

Contact us for immigration issues (English): +52 9981253810 

W.App English:  https://wa.me/529981253810

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