Since 2011, foreign executives working for Multinational Company Headquarters (SEM) have had the right to retain their residency card for up to six (6) months following termination of their employment relationship, provided that their employer—the Multinational Company Headquarters—has requested it in writing to the National Immigration Service.
This right remains in effect; however, Resolution No. 4887, published in the Official Gazette on February 27, 2025, establishes new rules for exercising this right, as follows:
- The maximum permitted stay in the national territory remains at six (6) calendar months after the termination of the employment relationship with the SEM. However, if the residency card has a shorter validity period, the stay will only be granted until the card’s expiration date.
- This application must be submitted through the company’s Legal Representative via the Infosem V.2 platform.
- The application for the six (6)-month stay must be submitted within five (5) business days following termination of the employment relationship.
- Applications for this stay modality will not be accepted if they are submitted after the established timeframe.
- The stay permit will have a cost of $100.00 per person, and a new residency card must be issued, which will be valid for the period granted by the company.
- Upon expiration of the authorized stay period, the foreign national will have five (5) calendar days to apply for another immigration process or leave the country.
These changes became effective on February 27, 2025.
We remain at your disposal if you require legal advice or have questions regarding immigration matters.
I have a question