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The text explains that obtaining a temporary residency in Mexico is free of cost and requires showing a bank balance of $43k USD or more in the last 12 months. This residency is valuable as it can lead to permanent residency and eventually Mexican citizenship. Keeping a temporary residency for four years with no minimum stay requirement allows for eligibility for permanent residency in the fifth year. After spending one year on permanent residency, one can apply for Mexican citizenship. Having temporary residency is a beneficial option for future citizenship application.