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The first residency option in Mexico is free and requires showing a bank balance of 43k USD in the last 12 months. This grants a temporary residency (TR) which can lead to permanent residency (PR) in four years with no minimum stay requirement. After spending one year on PR, you can apply for Mexican citizenship. TR is valuable as it starts the clock for citizenship eligibility and doesn't cost anything. Keeping TR gives the option of applying for citizenship in the future.
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