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Mexico offers a free temporary residency (TR) which can lead to permanent residency (PR) and eventually Mexican citizenship. To apply for a TR, show a bank balance of $43k+ in the last 12 months. TR has no minimum stay requirement and after four years, you can apply for PR. With one year on PR, you can qualify for Mexican citizenship after a year and a half. Having a TR is valuable as it starts the clock for citizenship eligibility.