Temporary visas have, as their name says, expiring dates. Nevertheless, these visas are more common in Mexico. Once you get one, the Mexican government allows you to live, work, and/or study in its territory. You can also open a Mexican bank account with it. It lasts for a year only and it is perfect if you are not planning on moving to Mexico permanently. The permanent visa, also called the resident visa, can only be obtained after having renewed your temporary visa four times in a row. Now that you have completely decided to move to Mexico, you can have all the benefits of a Mexican national with this visa. It does have restrictions though, because you can lose it if you are outside the country for more than 18 months in 5 years. The legal process for applying to a permanent visa can take a little longer than a temporary one, but it is worth it if you want your business to grow and prosper in Mexico.