The new 2023 financial requirements for México residency using a 20% increase in minimum wage and exchange rate of 15 to 1 for C$ and 20 to 1 for US$. México ties their minimum wage to foreigners residing in their country.
Temporary Resident:
- Investments ~$51860 US / $69,147 C (5000 days x minimum wage 207.44) with 12 months of individual statements, or
- Home ownership in Mexico worth ~ 8,297,600 pesos (40,000 days x minimum wage 207.44) per person. You will need your deed and a copy.
Permanent Resident:
- Investments ~$207,440 US / $276,587 C (20,000 days x minimum wage 207.44) with 12 months of individual statements, or
- Monthly income of ~$5186 US/ $6915 C (500 days x minimum wage 207.44) only from a pension and with 6 months of individual statements
From Minimum wage to increase to 207 peso per day starting 2023 | Riveria Maya News
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