Advantages and Disadvantages of Residente Permanente vs. Residente Temporal Immigration Permits for Mexico
~ Residente Permanente offers the ease of a single, one-time application/registration.
~ There is only one payment needed for Residente Permanente vs. 4 years of Temporary Resident payments.
~ Residente Temporal card holders must change to Residente Permanente after four years of Temporary Residency anyway (or change to 6 month Visitor permits).
~ If you have a Residente Permanente card, your Notary may approve you for the Home-owners exemption from paying the 25% gains tax on a future sale of your Mexican home – a potential savings of $10′s – $100′s thousands of dollars.
~ If you are outside Mexico for part of the year, Residente Permanente keeps you from having to return to Mexico to deal with an expiring Residente Temporal card.
~ Residente Permanente allows you to work in Mexico, and to get an RFC from Hacienda.
~ Residente Permanente is a good stepping stone to becoming a Naturalized Citizen. Why? If you have property under a Fidei Comiso, then getting Citizenship allows you to terminate the Fidei Comiso , saving you $ thousands in annual payments to the bank.
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Please note that Yucalandia’s master article describing the latest information on how to Visit Mexico, Immigrate to Mexico, and how to apply for residency in Mexico is at:
New Rules and Procedures for Immigration, Visiting, and Staying in Mexico
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry