In 2024, citizens in at least 64 countries, plus the European Union, are choosing (or have already chosen) their leadership. Policies of the next several years are being defined today.
Mexico is on the list, too.
On June 3, a left-wing candidate, Claudia Sheinbaum, claimed a landslide presidential victory there. Her party, Morena, along with a coalition of other left-wing parties, will control both the Chamber and the Senate. Sheinbaum is a protégé of the outgoing president, Andrés Manuel López Obrador, so a continuation of his populist policies is expected.
Does It Make Mexico a Worse Plan B Destination?
While we are against any populist policies, especially those involving spending enormous amounts of taxpayers’ money, we argue that Sheinbaum may actually make Mexico more attractive for expats.
She will likely fix the “problem” many expats faced in Mexico in the past couple of years—the strong peso. The currency appreciated a whopping 50% versus the USD since 2020.
However, her anti-business rhetoric spooks investors, potentially causing a flight of capital and severely diminishing investments in the country. The peso already sold off 11% versus the greenback on the news of her presidency.
At the same time, she is unlikely to change any of the things we always liked about Mexico — great weather, fantastic food, friendly people, and, importantly, very flexible residency and citizenship rules.
In this report, we cover the latest details on obtaining and maintaining Mexican residency and citizenship.
The year 2024 is not just an election year; it is the election year around the world. Citizens in at least 64 countries, plus the European Union, are choosing (or have already chosen) their leadership for the next several years. Mexico is also on this list. On June 3, Mexico concluded a very intense general…
