Mexico’s vibrant culture and rich history have always attracted travellers, but in recent years, the nation has become a top country for digital nomads and expatriates looking for adventure and a great quality of life. If you're an EU citizen planning a move, understanding Mexico’s visa requirements is key.

Whether you're visiting for tourism, remote work, or long-term residency, this guide covers everything you need to know. I'll show you how Grey can help simplify your finances while you're in Mexico.

Visa-free entry for European Union citizens

European Union citizens benefit from visa-free entry into Mexico for tourism purposes. There are a few things to note:

Duration of stay: Up to 180 days.

Basic requirements:

• Valid passport: Ensure your passport is valid for the entire duration of your stay.
• Proof of onward travel: Possession of a return ticket or evidence of onward travel is often required.
• Sufficient funds: Demonstrating adequate financial means to support your stay may be necessary.

It’s important to note that visa-free entry is strictly for tourism. Engaging in paid work or residing beyond the permitted period requires obtaining the appropriate visa.

Also read: How to pay for online courses from Mexico with Grey

What are the long-term visa options for EU citizens?

For European Union citizens considering longer stays or specific activities in Mexico, several visa options are available:

Temporary resident visa

This is suitable for individuals planning to stay in Mexico for more than 180 days but less than four years.

• Eligibility:
  • Economic solvency: Proof of sufficient monthly income or substantial savings.
  • Employment: You should have a job offer from a Mexican company.
  • Family connections: Having close family ties in Mexico will greatly help your case.
• Financial requirements:
  • Monthly income: Approximately €1,500 to €2,000 over the past six months.
  • Savings: Averaging €25,000 to €30,000 over the past year.

Important resource: How to get an instant USD debit card in Mexico

Permanent resident visa

This visa is for people who intend to reside in Mexico indefinitely.

Eligibility:

• Extended temporary residency: After four years on a Temporary Resident Visa.
• Family connections: Close family ties with Mexican citizens or permanent residents.
• Retirement: Demonstrating sufficient monthly income or savings.

Financial requirements:

• Monthly income: Approximately €2,500 to €3,000 over the past six months.
• Savings: Averaging €100,000 over the past year.Maintaining an average monthly balance of approximately €100,000 in bank accounts or investments over the past 12 months. Please note this is an estimated figure and is tied to the Mexican Minimum Wage. The exact amount should be verified with the relevant Mexican consulate.

Student visa

This visa is for individuals enrolled in educational programs in Mexico.

Requirements:

• Enrollment proof: Acceptance letter from a recognized Mexican school or university.
• Financial means: Evidence of sufficient funds to cover tuition and living expenses.
• Validity: Typically valid for the duration of the academic program.

Work visa:

This requires a job offer from a Mexican employer who must initiate the visa process.

Also read: How freelancers in Mexico can receive payments from the US, UK & EU clients

Application process for long-term visas for EU citizens

To apply for a long-term visa as an EU citizen:

1. Determine eligibility: Identify the visa type that aligns with your purpose and ensure you meet the requirements.

2. Gather required documents:

Usually, these documents are:

• Completed application form: Available from the Mexican consulate or embassy.
• Valid passport: With at least one year of validity remaining.
• Photographs: Passport-sized, meeting specific guidelines.
• Proof of financial means: Bank statements, pension receipts, or investment records.
• Additional documents: Depending on the visa type (e.g., employment contract, enrollment letter).

3. Apply: Schedule an appointment with the nearest Mexican consulate or embassy in your EU country.

4. Attend interview: Be prepared to discuss your application and provide any additional information.

5. Await decision: Processing times can vary; it's advisable to apply well before your intended travel date.

Also read: How to receive payments on Etsy as a seller in Mexico

Financial management in Mexico with Grey

Managing finances effectively while in Mexico is crucial for a seamless experience. Grey offers a tailored solution for EU citizens:

• Multi-currency accounts: Hold and manage funds in EUR, USD, GBP and MXN, facilitating easy transactions.
• Currency conversion: Benefit from competitive exchange rates when converting currencies.
• International transfers: Send and receive money globally with minimal fees.
• Expense management: Track spending through an intuitive app interface.

How to start using Grey as an EU citizen in Mexico:

1. Create an account

Register on the Grey website or download the mobile app.

2. Complete identity verification

This process involves submitting a valid ID, proof of address, and a selfie for security verification. Grey ensures a quick and seamless verification process.

Also read: Top reasons your KYC verification is failing and how to fix them

3. Request your foreign bank accounts

Once verified, navigate to the “Accounts” section to generate your USD, GBP, EUR or MXN bank account for receiving international payments. Your account details will be available instantly.

For EU citizens, a journey to Mexico is an opportunity of a lifetime. Grey helps you make the most of that opportunity. Create your Grey account today or download the app to enjoy inclusive global banking designed to carry your dreams across borders.

‍