That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs | TRL 112: Mexican Residency 101: Why Get It & How to Do so in Less Than 6 Months With Ryan & Amanda

In this episode, I got to sit down with my friends Ryan and Amanda from the World Wanderers podcast to talk about their experience getting Mexican residency. Ryan and Amanda have been traveling to Mexico for several years now, and after the COVID pandemic decided that it would be smart to diversify their citizenship options and get residency in Mexico.

Show Notes

💬 Topics Discussed:

• Why Ryan and Amanda decided to move to Mexico
• Why you should consider Puerto Vallarta as a digital nomad
• Why you should get a second citizenship
• The difference between residency and citizenship
• How Amanda and Ryan's families reacted to them becoming Mexican residents
• Tax benefits of Mexican citizenship
• How to get Panama citizenship for tax benefits
• The process of getting a Mexican residency
• How long it takes to get your residency
• How much money you need to make in order to qualify for Mexican residency
• Why remote visas are not very helpful
• Breakdown of Amanda's yoga business
• Breakdown of Ryan's podcast business
• Monetizing a podcast

🎒 Resources

• Ray Blakney on TRL (https://thatremotelife.com/episode3/)
• https://www.theworldwanderers.com/
• https://www.gratefulgypsies.com/
• https://wise.com/
• https://venmo.com/
• Barbados for Digital Nomads (https://youtu.be/b1miDdsE9kI)
• https://www.awaytravel.com/
• https://www.spreaker.com/podcast-monetization
• https://www.mbomyoga.com/
• https://ryanaferguson.com/

What is That Remote Life | Interviews with Digital Nomads and Location Independent Entrepreneurs ?

That Remote Life is a podcast focused on helping you become location independent in order to live life on your terms. Serial entrepreneur and traveler Mitko Karshovski interviews some of the most successful entrepreneurs and digital nomads to help uncover the strategies and skills to help you reach the same success. Follow Mitko's journey in real-time as he builds his own location independent business and shares all the lessons and experiences. If you are someone who wants to get out of a desk job, start your own business, and become a location independent entrepreneur, then this show is for you. Visit the show online at ThatRemoteLife.com/podcast