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bajachris
Nomad
Posts: 196
Registered: 3-29-2009
Location: San Diego, San Juanico, San Andres
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Mood: Love Baja
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Proof of income amount
Does anyone know how much proof of income one needs to retire or live in Mexico? They are asking for this in immigration?
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bledito
Nomad
Posts: 420
Registered: 7-6-2013
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How much you got ? 
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dtbushpilot
Ultra Nomad
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Location: Buena Vista BCS
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It depends on what you want to do and where you are, hopefully you aren't in La Paz, "new sheriff in town", new rules, no reason, no common sense, the
rules and requirements change from day to day, location to location, person to person....welcome to MX immigration...
I have been trying to get my residente permanente status for over a month now, it isn't going to happen, you wouldn't believe the hoops I've jumpped
through, I quit.....
[Edited on 11-9-2013 by dtbushpilot]
"Life is tough".....It's even tougher if you're stupid.....
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RnR
Senior Nomad
Posts: 839
Registered: 5-1-2010
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| Quote: | Originally posted by bajachris
Does anyone know how much proof of income one needs to retire or live in Mexico? They are asking for this in immigration? |
From INM's website:
1. Monthly income of 500 times the daily minimum wage in Mexico City. Show six months of history.
OR
2. An account with a balance of 25,000 times the daily minimum wage in Mexico City. Show twelve months of history.
In US terms at today's exchange rate, about
1. $2,400 USD/month
OR
2. An account balance of $120,000 USD.
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Whale-ista
Super Nomad
Posts: 2009
Registered: 2-18-2013
Location: San Diego
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Mood: Sunny with chance of whales
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It's complicated..
I will send you a u2u with this info, courtesy of Mulagena .
\"Probably the airplanes will bring week-enders from Los Angeles before long, and the beautiful poor bedraggled old town will bloom with a
Floridian ugliness.\" (John Steinbeck, 1940, discussing the future of La Paz, BCS, Mexico)
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DENNIS
Platinum Nomad
Posts: 29510
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| Quote: | Originally posted by RnR
1. $2,400 USD/month
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I don't think you need that much for "Residente Temporada" which you can maintain endlessly. Problem is, it has to be periodically renewed
"YOU CAN'T LITTER ALUMINUM"
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dtbushpilot
Ultra Nomad
Posts: 3291
Registered: 1-11-2007
Location: Buena Vista BCS
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Mood: Tranquilo
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| Quote: | Originally posted by RnR
| Quote: | Originally posted by bajachris
Does anyone know how much proof of income one needs to retire or live in Mexico? They are asking for this in immigration? |
From INM's website:
1. Monthly income of 500 times the daily minimum wage in Mexico City. Show six months of history.
OR
2. An account with a balance of 25,000 times the daily minimum wage in Mexico City. Show twelve months of history.
In US terms at today's exchange rate, about
1. $2,400 USD/month
OR
2. An account balance of $120,000 USD. |
I would respectfully say that the IMM web site doesn't mean squat. It is up to the interpretation of the local IMM boss. I don't know if my
facilitator did something to pi$$ him off or what is up but I know that I had all the documentation you list, not either or, but both. Not one account
for both me and my wife but separate accounts in each of our names showing both income and total funds required. I was asked for proof that I was
retired, he wanted a letter from the US government proving that we were retired! I had the company that we worked for send a letter showing our
retirement dates and stating that we recieved a pension from the company but that wasn't satisfactory, he wanted our official retirement letter from
the US government that all US citizens get from the government when they retire......no, really....you can't make this stuff up.
We won't be getting our P/R designation this year.....
"Life is tough".....It's even tougher if you're stupid.....
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paul r
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Posts: 160
Registered: 4-18-2004
Location: San Luis Obispo/ La Mision
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chris, here's how it worked for me, I just did it in San Diego at the Mexican consulate... you must "show" , ( three months of bank statements ),
of at least $2100 of "income", being an outlaw, I had "mail deposits" that added up to $2100... on my bank statements... if your, respectful, careful
and polite and have all the other paperwork covered there will be no problem... speaking or attempting to speak their language is a plus... be ready
for mistakes, I went and had a "talk" first, took notes and returned three months later and presto!!!... buena suerta amigo
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bajachris
Nomad
Posts: 196
Registered: 3-29-2009
Location: San Diego, San Juanico, San Andres
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Thanks all! Your all so helpful!
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RnR
Senior Nomad
Posts: 839
Registered: 5-1-2010
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| Quote: | Originally posted by dtbushpilot
... he wanted our official retirement letter from the US government that all US citizens get from the government when they retire......no,
really....you can't make this stuff up.
We won't be getting our P/R designation this year..... |
Sorry to hear the La Paz office has turned against giving P/R status. It's my wife's turn to start this in about 6 weeks. This does not bode
well.....
It's interesting how HE phrased the request for the proof of retirement letter. I was asked for the EXACT same letter in EXACTLY the same manner
about ten years ago.
By a bank official when I tried to open a bank account??????
I told the bank that no such letter exists. The bank official then pulled out somebody else's letter from the Social Security Administration showing
how much their benefit check would be and said "You need a letter just like this guy's. You are not retired until you receive the letter??????"
I just went to a different bank.....
That's not an option with INM.
But it's very interesting that there seems to be this myth about an official retirement letter from the US Govt showing income.
[Edited on 11-9-2013 by RnR]
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Katiejay99
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Posts: 429
Registered: 9-3-2008
Location: Todos Santos
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Mood: it is what it is
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I used a facilitator last year and finally went down to INM myself because of problems my facilitator was having, The guy at INM told me that they
didn't want facilitators there, they wanted the actual person. My paperwork was rushed right through once I got involved.
Edit to say this was in La Paz.
[Edited on 11-9-2013 by Katiejay99]
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ccorbridge
Newbie
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the Calexico Consulate was fairly easy for resident temporale. Needed 12 months of $100K balance in investments. Or 6 months of income $2000/mo
proved by bank statements and/or SS letter. 4 yrs temporale then on to permanente. English was spoken. I emailed first for requirements. Waited
for about 3 hrs in lobby. only glitch was the income/investments must be in the same account for the entire time.
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larryC
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If it was me I would go into the INM office and ask them how much income is required, and then scan my bank statement and using photoshop make my
statement say double what they want to see. But that's just me.
Larry
Off grid, 12-190 watt evergreen solar panels on solar trackers, 2-3648 stacked Outback inverters, 610ah LiFePo4 48v battery bank, FM 60 and MX60
Outback charge controllers, X-240 Outback transformer for 240v from inverters, 6500 watt Kubota diesel generator.
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bajaguy
Elite Nomad
Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja
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| Quote: | Originally posted by RnR
But it's very interesting that there seems to be this myth about an official retirement letter from the US Govt showing income.
[Edited on 11-9-2013 by RnR] |
I'm sure with a little creativity you could "obtain" that letter from the US Bureau of Retirement 
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bufeo
Senior Nomad
Posts: 793
Registered: 11-16-2003
Location: Santa Fe New Mexico
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| Quote: | Originally posted by bajaguy
| Quote: | Originally posted by RnR
But it's very interesting that there seems to be this myth about an official retirement letter from the US Govt showing income.
[Edited on 11-9-2013 by RnR] |
I'm sure with a little creativity you could "obtain" that letter from the US Bureau of Retirement... |
Do you think that someone might have used the SSA letter most folks receive just prior to that "magic date" (wherein projected income is noted) and
called that an "Official Retirement" letter?
...or am I just stating the obvious?
Allen R
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akshadow
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calexico counsulate
Did you need to get the documents translated into Spanish?
| Quote: | Originally posted by ccorbridge
the Calexico Consulate was fairly easy for resident temporale. Needed 12 months of $100K balance in investments. Or 6 months of income $2000/mo
proved by bank statements and/or SS letter. 4 yrs temporale then on to permanente. English was spoken. I emailed first for requirements. Waited
for about 3 hrs in lobby. only glitch was the income/investments must be in the same account for the entire time. |
Ron San Felipe Oct, Nov. Feb. Mar. April. remainder in Juneau Ak
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greengoes
Select Nomad
Posts: 10311
Registered: 6-27-2011
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Mood: Today I slay the Red Dot.
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| Quote: | Originally posted by DENNIS
I don't think you need that much for "Residente Temporada" which you can maintain endlessly. Problem is, it has to be periodically renewed
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Due to the new laws, after four years of Residente Temporal you must go to Residente Permanente. You can't renew them indefinitely any longer.
INM website - http://www.inm.gob.mx/index.php/page/Solicitud_de_Estancia
[Edited on 11-9-2013 by greengoes]
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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greengoes
Select Nomad
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Registered: 6-27-2011
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| Quote: | Originally posted by larryC
If it was me I would go into the INM office and ask them how much income is required, and then scan my bank statement and using photoshop make my
statement say double what they want to see. But that's just me.
Larry |
Just make sure to print it out in color and hit with a few rubber stamps using green and red ink...it impresses.
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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Udo
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Dave, I received my Residente Permanente card at the Mexican Consulate in Santa Ana, Ca. After I showed them all the paperwork required plus two
passport photos, the issued me and Jana a card the same day.
| Quote: | Originally posted by dtbushpilot
It depends on what you want to do and where you are, hopefully you aren't in La Paz, "new sheriff in town", new rules, no reason, no common sense, the
rules and requirements change from day to day, location to location, person to person....welcome to MX immigration...
I have been trying to get my residente permanente status for over a month now, it isn't going to happen, you wouldn't believe the hoops I've jumpped
through, I quit.....
[Edited on 11-9-2013 by dtbushpilot] |
Udo
Youth is wasted on the young!
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huesos
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Registered: 6-24-2013
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question
I realize that I am completely behind the curve but why will I need this temporary residence status if I live North of Ensenada?
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