Colombia VS Mexico

Colombia

Visa V Nómadas Digitales
Monthly Income $1,100
Tax Status Tax Resident after 183 Days
Processing 30 Days
Schengen ❌ No
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Mexico

Temporary Resident Visa
Monthly Income $3,400
Tax Status Tax Resident (If center of vital interest)
Processing 1 - 10 Days
Schengen ❌ No
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Our Verdict

If you are looking for affordability, Colombia is the better choice, requiring $1,100/mo compared to Mexico's $3,400.

However, if you lack monthly income but have savings, you should choose Mexico, which explicitly allows asset-based qualification.