What are the advantages and disadvantages of having a Mexico passport?

In order to have a Mexican passport, you have to be a Mexican citizen. You are allowed to have dual citizenship as well. Personally, as an American citizen, I also have a Mexico passport.  The advantage of having a passport from Mexico is that there are some countries that I can go visit, where Americans are not allowed to visit. There are countries where I can do business that Americans are not allowed to do business. 

 

There are also lots of...

In order to have a Mexican passport, you have to be a Mexican citizen. You are allowed to have dual citizenship as well. Personally, as an American citizen, I also have a Mexico passport.  The advantage of having a passport from Mexico is that there are some countries that I can go visit, where Americans are not allowed to visit. There are countries where I can do business that Americans are not allowed to do business. 

 

There are also lots of countries that you can visit visa free as an American citizen. Having bank accounts and buying investments that Americans are not allowed to invest in not because of US government restrictions but because there are now so many financial institutions that do not want to work with American citizens due to the FATCA is an advantage. FBAR is also now required by the US government. So there is a lot of benefits to having Mexican citizenship. FATCA and FBAR Filing are some of the main reasons why Americans are giving up their US citizenship, which is making it impossible for Americans not only to open bank accounts outside the United States, but also because employment opportunities are being hampered by these filings. Some people cannot be a director or the president of a company because of the filing requirements imposed by the US. A lot of Americans are losing employment opportunities all around the world because of these filings. People do not want Americans as partners any more because it’s just too costly.  

 

(Mexican passport, pictured.)

 

Mexico, like in many Latin American countries, changes its laws rapidly. Migration has been an interesting experience in the past 5 years because we went from having FM3’s and FM2’s to temporary and permanent. With that being stated, and having our legal system move so rapidly, being a Mexican, you’re Mexican, and you’re treated as a Mexican. It’s no longer “Joe Smith, the American”; it’s “Joe Smith, Mexicano.”

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Mexico, like in many Latin American countries, changes its laws rapidly. Migration has been an interesting experience in the past 5 years because we went from having FM3’s and FM2’s to temporary and permanent. With that being stated, and having our legal system move so rapidly, being a Mexican, you’re Mexican, and you’re treated as a Mexican. It’s no longer “Joe Smith, the American”; it’s “Joe Smith, Mexicano.”

 

You can own property where you please, you can own a gun if you please, you can come in and out of the country however you please and whenever you please. You’ll be treated as a Mexican with all the benefits of our external, international affairs, which is wonderful because in Mexico we have over 300 consulates and embassies and we’re one of the most active countries in international relations. If a Mexican has a problem in foreign land, you call your consulate and we send someone. I’ve had experiences with friends who are Czech, that are German, even American that you call the consulate and it’s very difficult for a diplomat to come and assist that foreigner.  In contrast, the Mexican consulate responds quickly. We invest in our Mexican people.

 

(Photo page of a Mexican passport, pictured.)

I don’t advise my clients one way or the other to obtain a Mexican passport because it is a personal decision.

 

Being a permanent resident gives you the almost the same rights as a Mexican citizen except mostly for voting, being involved in the political process and owning property in your name along the coast. Not being involved in politics as a visa holder means rfelated to elections etc. You may still raise issues of civil rights, etc.

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I don’t advise my clients one way or the other to obtain a Mexican passport because it is a personal decision.

 

Being a permanent resident gives you the almost the same rights as a Mexican citizen except mostly for voting, being involved in the political process and owning property in your name along the coast. Not being involved in politics as a visa holder means rfelated to elections etc. You may still raise issues of civil rights, etc.

 

If you are a Mexican citizen, you can vote, own property along the coast, be involved in politics, and travel with a Mexican passport. Other than these, there are few additional advantages to having Mexican citizenship as opposed to having a temporary or permanent resident visa.

 

Getting a Mexican passport is not as complicated as it sounds, but it will takes about 8 months. I have processed citizenship for clients. Most of the process is completed at the SRE office in Queretaro for those living in San Miguel de Allende.

 

(Pictured: Festival with lit tree in front of parroquia in San Miguel de Allende.)