According to
Simon Black, “Right now, US citizens have limited options for international
travel. But Mexico is still open, including to Americans.
Mexico Is Still Welcoming
Americans
“You can enter Mexico without a visa and stay for up to 180
days, no questions asked.
“One of our
Sovereign Man team members did this recently, enjoying a great deal of freedom
on Mexico’s Gulf coast, as well as a fantastic lifestyle at a minimal cost.
“He told us
recently that he went to a barber and paid just $4 for a haircut (including a
generous tip), then treated his family to a delicious lunch at a great
restaurant for less than what McDonald's would have cost in the US.
“Safety was
not a concern; this region of Mexico is about as ‘dangerous’ as Wyoming in
terms of crime incidents.
“So, Mexico
presents an opportunity to spend six months on the beach, avoid strict
lockdowns, distance yourself from politics and riots, and save a ton of money.
“The only
other places that rival Mexico’s low cost of living in the Western Hemisphere
are Colombia, Argentina, and Ecuador. (Panama and Costa Rica are also great
expat destinations, but both have become costlier in recent years.)
“Sure, you
could easily pay New York prices for dinner at a world-class restaurant in
Mexico City, or even in Cancun.
“But if you
are willing to venture beyond the typical tourist traps, you’ll be pleasantly
surprised.”
Playa del
Carmen is touristy, and therefore not very cheap by Mexican standards. And
still, a family of four could live comfortably on $3,000 a month, rent
included.
Temporary
residency in Mexico is easy to acquire for anyone who can prove they have
sufficient savings or income-- you’ll need at least $1,700 per month after
taxes, plus $700 for each dependent.
After four
years of temporary residency, you can upgrade to permanent residency. That is a
great asset that gives you another option to live and work (or escape) outside your
home country.
Retirees have
a shortcut to permanent residency in Mexico, as long as you can prove you are
officially retired and have a pension or Social Security income of at least
$2,800 per month.
After five
years of legal residency, you can apply for naturalization, which means
becoming a Mexican citizen, and obtaining a Mexican passport.
And most of
these options can be started now from your nearest consulate before you even
set foot on Mexican soil.
Although it
is rare, other countries offer easy residency, various paths to citizenship,
and a low cost of living.
But Mexico
remains one of the very few places on earth open to travelers from the United
States and Europe; there are still plenty of nonstop flights between Mexico and
cities like Houston, Paris, Miami, New York, Madrid, Los Angeles, Amsterdam,
etc.
So you’re
thinking about leaving…whether due to strict lockdowns, peaceful protests,
inevitably higher taxes, or simply to retire in peace, Mexico might be worth
considering.
Simon Black,
Founder, SovereignMan.com
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