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Originally Posted by boca chica dave
Would someone please outline the pros and cons of residency. i.e. taxes, business ownership etc. other than being able to a business I can't see the value.
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One reason...
To get car insurance, you need a license.
To get a license, you need cedula.
To get a cedula, you need to be a resident.
As others have said, if you plan on living here or spending a considerably amount of time here, it makes sense to get your residency.