There are many things that become more convenient and less expensive when you obtain residency. You aren’t limited to the number of days you can stay (like a tourist is), you may enter and exit as often as you like. And not only do you reap tax benefits if you own and sell a home, but there are very large discounts available to residents 60+ years old.
- As a temporary or permanent resident, one may obtain a Mexican state driver’s license. This also allows a resident to buy and register a car in Mexico. As a tourist, obtaining a Mexican state driver’s license and car registration is almost impossible.
- As a temporary resident you may legally keep a vehicle from the US or Canada inside Mexico for up to four years.
- As a temporary or permanent resident you are not limited to the number of days allowed in Mexico as happens when you enter as a tourist. For tourists, the number of days you may be in Mexico is up to 180 and frequently, that number is being limited – sometimes to as little as 10 days.
- As a temporary or permanent resident, you may enter and exit Mexico as often as you wish. There are no limitations on your time out of country.
- Temporary and permanent residents are entitled to significant tax savings when selling property in Mexico. Those savings may be as much as 30% of the selling price. Tourists do not have this benefit.
Please click here for a stunning video of Mexico.
