About International Living in Mexico
Mexico is one of the top retirement locations in the world. It is especially popular with American expatriate retirees because of its proximity to the United States. Mostly because of Mexico's warm climate and low cost of living, the country is an excellent place for people from other parts of the world to consider moving to.
Other People Are Reading
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Benefits
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For those who visit or even move to Mexico, the country has a lot to offer. The weather is mild and warm. The nation's topography is beautiful, from the white sand beaches to the mountains and deserts. Mexico has a low cost of living, rich culture--from Mayan ruins to Spanish Colonial architecture--and high potential for profits in terms of investment options.
Considerations
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It's a great time for direct foreign investing in Mexico, particularly in the hotel and real estate industries. There have been recent policy changes in Mexico that have made it safe and legal for foreigners to purchase Mexican properties. The Foreign Investment Law made owning land or property much easier for foreign lenders, investors and developers. Mexico is very focused on increasing foreign trade and changing fiscal policies.
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Theories/Speculation
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Mexico's cost of living is much lower than that of the United States, Canada and Europe. As a result, purchasing or renting a home is much cheaper. Hiring maid service or a gardener is a very realistic option for those internationally living in Mexico. Also, everyday things such as utilities and groceries are all significantly cheaper.
Potential
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Mexican health care is for the most part very good--a large portion of doctors working in Mexico received all or part of their education in the United States or Europe. Medical care in Mexico won't seem too different from the services you're used to at home. Any moderate-size or large Mexican city will have at least one large, top-notch hospital. However, health care is approximately half as much as it costs in the United States. Dental work in Mexico is also significantly cheaper.
Expert Insight
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There are a few types of visas for moving to Mexico. They are the FM2 immigrant visa (designed for people who wish to permanently live in Mexico) and the FM3 nonimmigrant visa (a one-year permit allowing foreigners to reside in Mexico). After five years of living in Mexico on the FM2 visa, you can apply for inmigrado status, meaning that you don't have to renew your immigration paperwork every year (you do not have to relinquish your native citizenship).
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