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The first option for residency in Mexico is free and requires showing a bank balance of $43k USD in the last 12 months to apply for a temporary residency (TR). Keeping TR for four years without minimum stay requirements allows for Permanent Residency (PR) in the fifth year. Spending one year on PR allows for application for Mexican citizenship. It is a valuable option with no cost and beneficial for starting the citizenship process. Having TR ensures the option for future citizenship application.