Immigration through investment in Mexico: the potential of the country has not yet been revealed
Immigration Mexico

Immigration by Investment in Mexico: Unlocking the Country’s Potential

1 August 2021
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Mexico ranked the second highest-income country in Latin America. The Capgemini Research Institute provided a report on global wealth in 2021. It states that the global population of HNWI (High-Net-Worth Individuals) in Latin America increased by 6% during the pandemic and their wealth increased by 0.5%. Despite the economic losses after the COVID-19 epidemic, Mexico still retained its potential in terms of global investment immigration. However, industry experts say the area remains underexplored.

According to the Golden Sachs report, Mexico follows Brazil in the total number of HNWIs in the region of Latin America:

  • more than 95,000 high-net-worth individuals have wealth between $1 million and $5 million;
  • more than 8,000 high-net-worth individuals have wealth between $5 million and $10 million;
  • more than 5,000 HNWIs have earned $10-50 million;
  • 435 individuals have assets between $50 million and $100 million;
  • 39 persons have recorded $500,000 funds or more.

However, political turbulence and the pandemic have led to an exodus of capital from the country. Recent reports from the U.S. Department of Treasury show, that investors are withdrawing their funds from Latin America. It is estimated, that Mexico will have lost more than 11 million USD by the end of February 2021. Global immigration companies can take advantage of capital outflows by offering wealthy individuals residence permits or citizenship in exchange for investments in more stable foreign markets.

European and U.S. programs for Latin American investors

To a greater extent, investors in Mexico, Colombia, Peru and Argentina are interested in citizenship by descent. That’s according to immigration officials in Italy, who are closely monitoring requests from potential clients. In addition to Italian immigration programs, Latin Americans are interested in the E-2 and EB-5 programs, which offer citizenship for investment in the United States.

At the same time, Europe, especially Great Britain, Luxembourg, Malta and Switzerland, are more popular with Ultra- High-Net-Worth Individuals (UHNWIs). This is due to the access to education for their children, the possibility of family immigration, and favorable tax policies.

Many wealthy individuals, particularly those from Brazil, would like to obtain Grenada citizenship. The main advantage of the latter is the possibility of obtaining an E-2 visa to the United States. This is reported by Richard Hallam, CBI agent in Grenada. Another motivation is the fairly short time to obtain a second passport and visa. Both procedures take about 90 days.

Immigration programs in the Caribbean are also popular among South Americans. For example, Argentinians favor destinations in Antigua and Barbuda and the Cayman Islands. At the same time, even affluent individuals from Latin America are focused on finding cheaper immigration destinations.

Immigration companies on the South American market

The immigration potential of South America remains undiscovered. One explanation is the lack of interest from immigration companies. Richard Hallam adds that the language barrier is one of the reasons. After all, most South Americans speak Portuguese and Spanish.

There has been little interest in South America regarding the launch of citizenship programs. And this is an omission in the investment immigration industry. There are often no marketing campaign offices in the countries of that region. Once they appear, the situation will change significantly.

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