By Marlo Heresco, suite101.com
Thoughts of palm trees, warm ocean breezes and a simple life are realities for many retirees. International retirement to another country such as Mexico is very common, especially for North Americans. Not all who do so are necessarily of the retirement age or in their golden years. There are many people in their twenties who arrive for a visit and never leave. There are also those in their thirties and beyond that plan the move to enjoy warmer winters and a less stressful life.
What Does it Mean to Retire Internationally?
When the thought of retiring to an international country like Mexico comes to mind, many questions arise. Some think of retirement as a new way of life, putting their long working days behind them. Others seek semi-retirement, meaning they are intending to work, perhaps only a little. To retire internationally generally means to not work at all.
What is the Best Way to Retire in Mexico?
Most tourists entering Mexico will automatically get a six-month tourist visa. These are provided free of charge at the destined airport. It is easy to live in Mexico for six-month increments while traveling back to your home country to renew your tourist visa. If this method is not suitable, one can apply to be a resident. When it comes time to claim status, applying for a rentista or resident status is by far, the simplest way to live there. This means that the successful candidate then has permission to reside in the country for twelve months at a time with proven income, such as a savings account. This eliminates the need to leave Mexico every six months. As well, it builds credited time to becoming a possible permanent resident.
What are Some of the Other Options to Retiring in Mexico?
There are many ways to retire and reside in Mexico. The simplest of them is to be a rentista or resident. However, setting up a new business, becoming a partner in an existing business, or getting a job in Mexico are other ways to reside in the country. It is not necessary to have a business started or a job offering before arriving in Mexico.
Who Can Own Property in Mexico?
Anyone can own property in Mexico. Buying a small seaside condo or a large beach house is definitely possible. It is even possible to build your own house in Mexico as long as the land has been purchased. The real estate rules in Mexico are vastly different from those in other parts of North America, so hiring a well-established real-estate company is definitely a good idea.
Retiring in Mexico
Mexico is a wonderful country of sea air, warm smiles and friendly culture. It also has a vast amount of history to offer. Enjoying fresh, exotic fruit, tropically found animals and a new language are only some of the treasures waiting for anyone who makes the move. A successful retirement to Mexico can easily be accomplished with a little bit of homework and some good planning.
