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The process for obtaining temporary residency in Mexico is free of cost. To apply, you need to show Mexico your bank balance of $43k USD or more in the last 12 months. Temporary residency is valuable because after holding it for four years, you can apply for permanent residency. Once you have spent one year on permanent residency, you can apply for Mexican citizenship. It is a beneficial option as it does not cost anything and provides the opportunity to start your citizenship clock. Having temporary residency is essential for future options of obtaining Mexican citizenship.
