Did you know that Mexico has a pathway to immigration that is similar to the “Golden Visa” program in the USA? Sometimes referred to as a “Dorado Visa” (the Spanish word for gold), it is investment-focused pathway to temporary residency. If you’re thinking about making Puerto Vallarta your new home or expanding your business south of the border, it might be your golden ticket.
This special visa program is designed to attract investors, entrepreneurs, and highly skilled professionals who want to live, work, and contribute to Mexico’s vibrant economy. Let’s look at what this path to moving to Puerto Vallarta looks like.
What is similar to a Golden Visa in Mexico?
By its formal name, the Temporary Resident Visa for Investors is a residency option for foreigners who bring investment, innovation, or specialized skills to Mexico. Whether you’re planning to start a business, invest in an existing company, or work in a high-demand professional field, this visa makes it easier to establish yourself legally and comfortably in Mexico.
Who Can Apply?
If you’re an investor ready to put significant capital into a Mexican business (currently approximately $278,000 USD, but subject to change), an entrepreneur launching a startup, or a professional with expertise in technology, science, finance, or other specialized sectors, you may be a candidate for the Dorado Visa. The program also welcomes innovators working in cutting-edge industries like renewable energy or biotech. To qualify, you’ll need to show proof of your investment or professional credentials, financial stability, and a clean legal record.
How to Apply?
Applying requires some preparation. Start by gathering your documents:
Valid passport
Proof of investment or employment
Financial statements
Relevant certifications or business plans.
Then submit your application at a Mexican consulate abroad. After your application is reviewed and if you are approved, you’ll receive a temporary resident visa, usually valid for one year and renewable. This visa allows you to live and work in Mexico legally, with the option to apply for permanent residency down the line.
Potential Pitfalls
Your capital investment must be invested in a specific manner to be applicable, and this method can be more complex than some other pathways for residency. Also, if you’re looking to retire in Puerto Vallarta, starting a business or transferring your professional skills to Mexico may not be the option you’re looking for.
The good news? A home purchase may also allow you to secure residency in Mexico under certain conditions. Talk to us about properties in Puerto Vallarta that would help you qualify.
For more Puerto Vallarta real estate and lifestyle tips, click here.
