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digcolnagos
Junior Nomad
Posts: 35
Registered: 9-4-2023
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Quote: Originally posted by SFandH  | | Quote: Originally posted by BlueRegent |
Any advice or suggestions that would help me get through a smoothe and quick meeting at the INM would be greatly appreciated!!!
Thank you so much!!
BLUE REGENT
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Which Mexican Consulate are you going to use to start the process?
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I wasn't given a choice when I called Detroit consulate, the closest one. I was told I had to go to the New York City consulate, based on my address.
When I called to make the appointment, they seemed a bit puzzled about what I'd been told by the folks in Detroit. Mexico does have a list of
consulates that includes what areas they serve.
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JDCanuck
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Posts: 1671
Registered: 2-22-2020
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https://mexicorelocationguide.com/mexico-resident-visa/
Mexican Temporary Resident (Residente Temporal)
The most common Mexican Resident Visa is a temporary residency.
To qualify for a temporary residency visa in 2024, you need to:
Demonstrate monthly income starting at USD $3,500 and up to $4,500 monthly for the past 6 months. You must provide at least the last six months of
bank statements.
or
Demonstrate a minimum balance in investments or savings starting at USD $58,000 and up to $74,000 USD for the last 12 months. You must provide at
least the last 12 months’ bank statements.
or
Proof of home ownership in Mexico valued at 40,000 x Daily Minimum Wage ($9,957,200 in 2024) approx. $553,000 USD.
The income requirements vary by consulate and are NET (after taxes).
Mexican Permanent Resident (Residente Permanente)
A permanent resident visa is less common because you must prove more savings or income to qualify. *In some cases, you also have to be of retirement
age. I’ll go over that further down.
To qualify for a permanent residency visa, you must:
Demonstrate a minimum monthly income starting at USD $5,800 and up to USD $7,500 for the last 6 months
or
Demonstrate a minimum balance in investments or savings starting at USD $230,000 and up to USD $307,000 for the last 12 months, with bank
statements showing this minimum balance each month.
The income requirements vary by consulate and are NET (after taxes).
Get the latest Mexican Residency income requirements by consulate.
As far as vehicles go...once you have permanent residency the requirements to drive a foreign registered vehicle change
[Edited on 8-6-2024 by JDCanuck]
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AKgringo
Elite Nomad
Posts: 6029
Registered: 9-20-2014
Location: Anchorage, AK (no mas!)
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Mood: Retireded
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Thank you JDC
That is higher than I anticipated. I have reached retirement without debt, and have the assets required, but my monthly income falls a bit short.
Being a tourist works for me!
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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JDCanuck
Super Nomad
Posts: 1671
Registered: 2-22-2020
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So if you already own a home in Mexico valued at over 553,000 USD you would qualify for temporary residency. Or you would need statements showing
proof of up to 4500 US monthly income for past 6 months, or prove savings or investments of up to 74,000 US for the past 12 months.
Requirements for permanent residency in Income or Investments are somewhat higher
[Edited on 8-9-2024 by JDCanuck]
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JDCanuck
Super Nomad
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AKGringo: Like I said, this all increased substantially about 3 years ago and was based on multiples of the minimum wage in Mexico, which has risen
rather rapidly in the past 6 years. Previously, people commonly moved cash around in accounts to simulate a steady monthly income and faked the
minimum income required. As the USD/MXN exchange rate has moved up quite a bit recently, those amounts in USD are likely somewhat lower than when the
new President was elected.
[Edited on 8-6-2024 by JDCanuck]
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BlueRegent
Newbie
Posts: 4
Registered: 8-5-2024
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proof of residency
I have already received a visa from the Consulate. I am on phase two now. i.e. visiting the Immigration office in La Paz.
| Quote: Originally posted by SFandH | | Quote: Originally posted by BlueRegent |
Any advice or suggestions that would help me get through a smoothe and quick meeting at the INM would be greatly appreciated!!!
Thank you so much!!
BLUE REGENT
|
Which Mexican Consulate are you going to use to start the process?
|
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|
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BlueRegent
Newbie
Posts: 4
Registered: 8-5-2024
Member Is Offline
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proof of residency
BLUE REGENT HERE---
I ALREADY have a permanent visa in my passport. I am asking about phase two. called "canje" when I get a permanent resident card, issued in Mexico
(not the USA.)
WHAT DOCUMENTS ARE NEEDED FOR CANJE ? (not for a visa FROM the consulate in the USA.)
| Quote: Originally posted by JDCanuck | https://mexicorelocationguide.com/mexico-resident-visa/
Mexican Temporary Resident (Residente Temporal)
The most common Mexican Resident Visa is a temporary residency.
To qualify for a temporary residency visa in 2024, you need to:
Demonstrate monthly income starting at USD $3,500 and up to $4,500 monthly for the past 6 months. You must provide at least the last six months of
bank statements.
or
Demonstrate a minimum balance in investments or savings starting at USD $58,000 and up to $74,000 USD for the last 12 months. You must provide at
least the last 12 months’ bank statements.
or
Proof of home ownership in Mexico valued at 40,000 x Daily Minimum Wage ($9,957,200 in 2024) approx. $553,000 USD.
The income requirements vary by consulate and are NET (after taxes).
Mexican Permanent Resident (Residente Permanente)
A permanent resident visa is less common because you must prove more savings or income to qualify. *In some cases, you also have to be of retirement
age. I’ll go over that further down.
To qualify for a permanent residency visa, you must:
Demonstrate a minimum monthly income starting at USD $5,800 and up to USD $7,500 for the last 6 months
or
Demonstrate a minimum balance in investments or savings starting at USD $230,000 and up to USD $307,000 for the last 12 months, with bank
statements showing this minimum balance each month.
The income requirements vary by consulate and are NET (after taxes).
Get the latest Mexican Residency income requirements by consulate.
As far as vehicles go...once you have permanent residency the requirements to drive a foreign registered vehicle change
[Edited on 8-6-2024 by JDCanuck] |
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BlueRegent
Newbie
Posts: 4
Registered: 8-5-2024
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proof of residency
Just to clarify, if you are retired and have the minimum assets
required for at least 12 months, then you are definitely in compliance with their qualifications. I>E> you don't need the monthly income as
well. It is either/or... either (around) $300K in assets or... $$$ income p/month. but not both. So it sounds like you probably are eligible for a
permanent resident visa.
------
| Quote: Originally posted by AKgringo | That is higher than I anticipated. I have reached retirement without debt, and have the assets required, but my monthly income falls a bit short.
Being a tourist works for me! |
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JDCanuck
Super Nomad
Posts: 1671
Registered: 2-22-2020
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This is for BlueRegent:
https://mexicorelocationguide.com/what-is-canje-in-mexico/
Important section:
"If you are traveling by air, when you arrive at an international airport in Mexico it is CRUCIAL that you fill out your FMM the right way. At
the bottom of the FMM there is a slot with the words “Estancia Maxima 30 Dias” and the word “CANJE”.Before approaching an immigration agent,
make sure you fill in this box and make sure you give the agent your passport with the residency stamp page open. That way they see you are a resident
of Mexico and not a tourist.If an immigration agent stamps your FMM as a tourist, you will have canceled your Residency Status in Mexico. DON’T MAKE
THIS MISTAKE!
And if you are driving across the border, it is YOUR responsibility to go to the INM offices across the border and ask for your FMM to be stamped for
CANJE. INM offices are clearly marked with the letters INM. However, if you have trouble finding it, you can always ask an immigration agent to point
you in the right direction.
As to what you need:
https://immigrationtomexico.mx/mexican-visa-canje/
[Edited on 8-9-2024 by JDCanuck]
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