Mexico recently increased its minimum wage by 20% this year 2023. This directly affected the minimum solvency requirements. Inflation is creeping into the Mexican economy as well. The dollar goes a lot less farther now then it did just a year ago. Right now it’s been around $18-18.5O pesos to the dollar. Down 15% from the highs of $21.-21.50 pesos to the dollar last year.
Great video. Just for those watching, I’m 46, retired Dec 2021, and I was able to obtain a permanent residency visa from the McAllen, TX consulate in February. The process was quick and easy, was in and out in about 45 minutes. I’ll be heading to Puerto Vallarta in April to complete the process 😀
@@lowflyerxx I finished the process on Thursday in PV. I used a facilitator and had no issues at all. They had everything taken care of, I just had to sign the paperwork and show up for the apt. They took my fingerprints, pictures, signed a few more documents and received my residency card same day.
It definitely pays to email the Consulate to confirm the financial requirements posted on their websites. I did this with the Raleigh Consulate last year and found out that their requirements weren't that much lower than the other consulates; they just had not updated their website.
My local Mexican Consulate did not want to accept my application until I was formally retired therefore some people may be required to wait until being retired before applying for residency.
Since your video was so helpful to me in my journey of obtaining residency, I thought I would share the timing I experienced with you and your viewers: 6/1/2023 requested appointment at the Orlando consulate to receive a permanent residency visa (appointment was given for three weeks later) 6/21 granted permanent residency visa (I’m 60 and qualified based on retirement savings) 7/3 waited in line at Playa del Carmen INM office to have an appointment scheduled (appointment was given for 4 days later) 7/7 received permanent resident card at Playa (a form cover letter requesting canje was requested, and signature on a privacy notice; proof of address and photo was not required; my visa indicated canje, but my FMM didn’t indicate canje, but they were able to correct at the Playa office w/o going back to the airport; credit card was accepted and biometrics obtained and card issued same day) 7/8 got in virtual waiting line for RFC at the Playa SAT office (#604 in the line) 7/15 reached the front of the line, and via email was given an appointment about 6 weeks away. (only given 24 hours to accept appointment time) Being 60 may have qualified me for an exception to having to get in the virtual line, but was told by a PDC SAT rep that the “Adultos Mayores” exception requires the applicant to be 65; this seems to vary by office. Please let me know if you have any questions regarding my experience.
You're the first person I heard of going to Orlando. I'm closest to this consulate, so this post is very helpful. What is the minimum amount for savings???
I too want to go to Orlando b/c I'm closer to that consulate. Your information is very helpful. How did you request the appt? phone? Did you know ahead of time you would qualify for permanent residency? I'm not sure hubby and I qualify on the SS only. I guess you can't combine it. We are moving to Puerto Morelos - I think about 25 mins from Playa. I'm 68, therefore no line . . . lol Thank YOU!! I hope you're loving it there.
I just got my permanent residency from the Chicago consulate. I had to show, 12 consecutive months bank statements of $245,000.00. They were very strict. I had removed some money from that particular bank account to another bank account one month, and they told me I wasn't qualified for the permanent residency. I showed where I made that month's transfer to the other bank, and they made me qualified for permanent residency. I am so excited. I don't know what to do with myself.
Alex, have you considered updating the name of your channel, like your friend Laura B did? I ask because while your content is always top notch, the backpacking and travel angle seems to be the smaller part of your vlog. I recognize that you don't need to be retired to move to Mexico, but I suspect that most regular viewers are older like me and the backpacking name might be causing potential viewers to overlook this helpful residency information. Just a thought. Best wishes as always. Regards.
The replacement for the FMM is a horrible headache for tourists. You are supposed to scan the QR code, create an account, and download a digital multiple migratory form. HOWEVER IT DOES NOT WORK!! I must have tried 20 times and was ready to have a nervous breakdown as it was stated in boldface that if I did not do this I would not be permitted to leave! Turns out they don’t check and don’t care, at this point anyway!
My wife and I are leaving the US soon and had considered Mexico our #1 option. However, with some of these changes we are finding Spain (and several other countries) better options. Mexico is pricing itself out of the xpat market. Maybe not a bad thing for them, but we'll see.
What are the Spanish requirements.? I've looked into Greece and Italy and the amounts were quite high. Portugal I here is ending their Golden Visa that is high anyway at $500,000 where most of Greece is still $250,000.
Portugal is the easiest and best in Europe. Spain requires about $2400 a month but their taxes are high. Portugal requires less than $1000 a month with about $20,000 in the bank and gives retirees 10 years at 10% taxation. Panama is a good option for lower financial requirements. So is Ecuador. I think Greece requires around $2200 a month with a good tax deal. Italy requires $2800 with a lower tax deal if you move to a small town in the south. I also think Mexico is pricing itself out of reach, so I guess they're tired of retirees and middle income people and only want Dolce, Gabbana, and Armani to move down. It seems to be in response to the high requirements the USA has for them. But many countries realize that middle income retirees help to keep their restaurants and shops going better than a few dozen millionaires.
@@TommyPinkerton You are spot on! It is indeed disheartening, b/c I would say that these middle to lower income retirees actual support the culture and LOCAL economy more. Of course I cannot generalize but in my observation; so many of the higher income types (US) are doing what is hurting the locals and driving them out - living in pricier by ghastly high rise condos in gated communities, or building extravagent houses with all all the amenities like 4 big screen tvs; and they shop at Costco and American stores, and eat at Americanized restaurants and spend their time in their hermetically sealed boxes watching Netflix and on their high speed internet. They rave about this. My goal, and those like me - is to live in a modest Mexican-type home or apt; in a modest Mexican neighborhood. The more middle income folks spend their time exploring the cities, using taxis, buses, and uber. Shopping at local produce, meat and fish markets; eating at small local restaurants and food stands. Much more integration with the Mexican people. I, and others who think like me; are not just going to Mexico b/c of the cost, but b/c of the healthier NON American lifestyle, and b/c we want to embrace the culture. As you say - this brings Dolce, Gabbana and Armani to the area and drive out the local businesses. So, I don't know what their thinking is, but I don't think it is wise; b/c now their will be so much disparity between the people coming in, and the Mexican residents. Despite the minimum wage - a nurse for example, makes about $900 American dollars in an average city. So, a middle income Mexican worker would not qualify for residency, and the price of housing will no doubt be driven up by the skewed influx of people able to pay more than market price. One can live quite well and contribute a lot to the economy on much less than the new requirements. I will just squeak in at the consulate in Indiana and while it is much sooner than I had planned, and it's going to require a lot of last minute hustling - but I feel like in my precarious situation I should move on this now - i.e make my application appointment and if I'd be lucky enough to get a Visa, would have to go to Mexico w/in a month. I fear if I wait they might raise the requirement again in 2024...... Sad, b/c it seems like typical gov't bureaucracy with a knee jerk response that is hurting, rather than helping the people. Exactly what I hoped to leave behind in the U.S. I don't know about the new Mexican Pres - they seem to be getting more tyrannical. :(
I wish you lots of luck. I chose to retire in Portugal. Mexico was my 2nd choice. I could have qualified, but it seemed like Mexico was getting really tired of USAmericans moving down, and Portugal seemed to be encouraging retirees and digital nomads to move here because many Portuguese emigrate to other countries to earn better pay. I hear of people here who complain about expats driving up prices, too, but we also help to keep businesses open and that creates jobs. I also tip waiters, haircutters, and cab drivers, which not everybody does. I might like, in the future, to live part time in both places, or bounce around to different places with a home base somewhere, but time will tell if I'll be able to afford that. Currently, Lisbon is more expensive than I had thought, especially to buy an apartment. I see some saying online that expats are driving locals out of their cities, but there are other factors involved. There are also high taxes and low wages here. The government makes building new affordable housing a low priority, and makes renovating existing vacant homes very difficult. There's gentrification happening everywhere, and it's not only immigrants that are driving up costs and driving down wages, but xenophobes like to blame expats and immigrants for all the problems. I'm not the typical ugly American. I speak a number of languages, love other cultures and foods, and don't have bling to flash around. I interact more with locals and don't seek out expat enclaves. I try to put more in than I get back everywhere I go, try to do more good than harm. The multicultural exchange and opportunity to interact with other people is good for world peace and good for the soul. I look forward to my next visit to Mexico, but if they don't want me to move there, I won't. Where did you decide to move to?@@scoobydadog246
received mine today (Residency). One thing people should know is that if you live on the border of Mexico and need to cross over to INM to get your residency card (tu tarjeta de residencia) the 30 days pertaining to: CANJE/FMM that you have to stay in Mexico until you get is not always true. A very important note: you may not get your card the same day, it may take 2 days to 2 weeks. I received mine today (took 3 days total) after being told to go home (the other side of the border) that it was a non issue UNLESS you are going back to Mexico via Air travel or Sea. I’ve been coming to Mexico for over 30 years. People be careful where you go especially pertaining to the boarder cities. I remember the days when we didn’t need a passport or anything. We would drive right in and go to our house across the border. God Bless MÉXICO. Great job: BackpackingBrunette.
FMM may be gone, but not everyone is trained to know that at the airports, and the (military?) often intervenes with their own checkpoint system and FMM-esque things to sign. They just collect it right after you sign it and I don't know if anything's actually put in a database. Also the internet stuff doesn't work.
When I am ready to retire I can ask them to just pick one. I thought I was going to hear $250K minimum. But it will be that someday because us gringos are moving there and driving up prices.
I went to the link to pay for and download the checklist for the move down to Mexico. Your website has so many ads and buttons to click for those ads that it is impossible to figure out what is actually your content. Ugh.
Now TR , Q1. when it's time to change the PR card, can you apply online outside Mexico? Q2. How long would you be requested living in Mexico before applying a PR card? Q3.After getting PR card, can I leave a long period (staying in my mother country)? I.e. being a permanent resident, how many days requested living in Mexico? Q4. PR card, need renew yearly? Q5. What benefits for PR ? Q6. Any good insurance recommendations ? Q7. I don't drive, any suggestions of living area in PV, Puerto Vallarta. Thanks Alex
Hello, great video. Can you tell me how much extra is it for dependants. I am looking into the savings or monthly route for Economic Solvency. Thank you in advance.
I am on the 4th year of a temporary visa. I intent to immigrate and obtain Mexican citizenship. My question is will I ever Ned to requalify based on the increases in qualifying over the 4 year period. In short, as far as income qualification….you only have to do it once?
I got mine, PR, in 2016 - I just had to show bank statements for 100k savings. I am not retiree or anything, I was 28y old at the time. Anyway, 2 questions if you don't mind? Q1. I am UK citizen, currently in US, 1 more year before I am a citizen in US. I want to move to Mexico after that. I havent been to Mexico for 2 years, but my "Residente Permanente" card has no expiry and I was told that I can be gone from Mexico for years and still remain PR. No new changes regarding this? Is this still valid? Q2. I see people on Reddit complain that you can lose your PR by border agent incorrectly putting you as a tourist when entering Mexico, or, when new automatic gates were installed, people also complained that system categorized them as "tourists". This is worrying to me because If I'd loose my PR, would I need to meet all the requirements etc again? I see that it's getting tougher now to get PR... Thank you
Good morning! My husband and I really like your videos. 😀 We love Mexico ! I’m looking for information for health insurance for temporary and permanent resident Canadien living in Mexico. Have you covered this subject in one of your videos ? Thank you!
Hi: Thanks for great video. Question: in 2023 can I apply for permanent residency directly? I am a retired person. I don't want to get a temp visa first. If I can apply for permanent retired visa how much savings do I need to have? Also can I combine my social security income and savings for financial requirement.
In Santa Ana they simply refused my application for temporary residency. They said they're only approving retired people. None of the requirements you mentioned mattered at all. They said check back next year. Btw, they also mentioned that my savings would have needed to be in a cash account, 100% liquid, no stocks or CD accounts for over a year.
My problem is there's no option on consulars site for temporary residency in my country. So i can't apply online. And the consular is 477 km far to my home. I wrote an email to consular, a few days later they replied to me i'm eligible but didn't say how to apply and document list, no information only yes you're eligible to apply for temporary residency..
Thank you for the informative video! Can you please share which consulates people have been able to successfully get permanent residency at an age below typical retirement age? I would love to be able to skip the temporary residency renewal hassle.
As Marcus was saying here ok, he did it. It's all about the money. You can be 20 years young and apply for that permanente status if you lets say 10 K USD a month so money talks and have always done so.
Hello Alex, we got out temp residency cards on January 3rd. But we had to make a special trip to Mexico City to even get this done. We have a home in Cajititlan and we need help getting an appointment in Guadalajara between December 03 and January 03. However because the offices are closed half of December we need help getting an appointment. Currently we are still living in California, but we plan to go to our home the first of December so we can update our cards and change of address. If your associate Ivonne can help we would really appreciate it. Thank you much.
I worked 4 years and the company paid. Mexico is getting Much More Expensive... There is a "Retired fixed Income Exception". I'm retired now, and living on $650 SS Retirement per month... Getting Much Harder last two years...
@@Hard_Car_Life That's frustrating isn't it! I suspect it will vary by consulate. The one I hope to use in Indianapolis requires $2533.83 income AFTER taxes, with bank statements and documents for 6 months to support this income. As I understand this is on the low end of the current requirements (and it is the '23 update), so I am thinking I should apply now, sooner than I planned , but before they decide to catch up with everyone else...
In previously attempting to get my TR at my local consulate he mentioned NOTHING about the different “routes” you speak of. He wanted BOTH monthly income AND savings (PLUS I am married to a Mexican born citizen! Which I also had to prove.). Does that sound right? I meet the monthly income requirement with my pension. Or should I try a different consulate?
Each Mexican consulate has its own interpretation/calculations. It does make sense to go consulate shopping, there is a choice of like 50 Mexican consulates in the US
What is the mathematical logic behind such high financial qualifications to get a Mexico Residency? As of 2023, the average salary in Mexico is around $33,200 MXN per month ($1900.00 USD). Why would consulates demand a minimum of $3,275 USD from foreigners?
My case is a little different than most; I was born in Mexico but became a US citizen when I could not hold dual citizenship. Over time I lost my birth certificate, so I tried to get a new one on the official Mexican government website but failed. I can get past step one, which is getting the (CURP) code. Thanks to my mother's excellent memory, I still have a lot of details about my place of birth in Mexico, including the exact address of my birth.
I feel you, player! I was born in MEX. I was adopted, to U.S., from CDMX at 7 y.o. I have ALL my MEX docs, including my original birth certificate. I have all the financial statements needed to verify that I can support myself, such as required of expats. My U.S. passport states I was born in MEX. I can’t even get an appointment at the local consulate! I did find out I could get a 1-year passport. Then I would hire a MEX attorney, translate all my English-language adoption papers, present all paperwork to a judge and wait for an answer. All that time I would have to remain in MEX waiting for my court date. That’s the reason for the 1-year passport. Good luck. 😊
Always wondered - I assume the requirements are the same for RENEWING temp residency as they are for your FIRST temp residency visa. Is this correct? If so, do people find themselves uprooted and deported if their "solvency" is below the requirements?
No, actually there is no further checking of income for the renewals! So, the people who got in before these changes really lucked out! In fact, if one pays more money, you can renew for all three years at once, which is what I would do to safeguard against any solvency changes! At least that is the way it has always been and still is as of today.
Here's a question. Say to have $53,000 in an account. Required. But you use all of it to buy a house/condo for say $250,000 after a year with already having your Temp Visa. To get a Temp Visa its $428,000 in a real estate purchase. So if you plan to live in Mexico full time are they going to just kick you out? And you are only getting say $1000 in SS per month.
Alex, from various comments that you have made I understand that you are from MIchigan. Me too. Have you been required to pay MIchigan state income tax while living in Mexico? I have heard that if you keep a Michigan drivers license or bank account here that you are still required to pay state income tax. Is that true? Also, are there any Mexican tax reporting requirements while living in Mexico?
Hi, I recall seeing one of your videos that mentioned a list of the different Mexico consulates in the different states of the US. I think you had mentioned that the consulate in McAllen, Texas has one of the lowest posted economic solvency requirements, and that they also do NOT require you to live there in Texas to apply for Mexico residency. Do you have this list of the fees for all the different consulates? If not. how can I get it? Thanks, Gary
They never answer, so I'll tell you what I've found :) I haven't found a list anywhere, perhaps someone does but I suspect you will pay for it. So, it will be some work, but you will have to make your own, i.e call the consulates or look on their websites (I've found that some have the $ on their website and has been updated for 2023; but some do not, so have to call or email. I 'heard' McAllen Texas was ~2500, but they don't say on the website and no one answered the phone at the number I had today. I can give you 2 that I checked today - (9/23 ) this is temporary visa monthly income requirements - Milwaukee WI, ~ 3200, and Indianapolis, Indiana, $2533.83 !! /or savings of 42 some K (I don't remember exactly). Since this is as low as I heard it goes, 2500, I think I found the choice for me , I'm in the midwest. I still am unsure if I can go to a consulate in any state, or have to go where I live., i.e if it is just Texas that doesn't require residency or if any state is that way. There is so much uncertainty...
@@scoobydadog246 Finally just got an appointment in Little Rock, AR (I believe you have to live in AR) and they told me economic solvency is $3,539.85! How are these other places so much less...It also took me non stop emailing them to even get an appointment, almost 2 months! Last year I reached out for an appointment and sent in all of my documents via email as requested and they never set up my appointment or for my dependents. This process is not easy for everyone. Good luck to all.
Hi Alex, Here in Phoenix it says on the application that Permanant Residency is required to be retired. I want to apply for a Permanant Resident through solvency, I can prove it, also have a pension, but want to work, any suggestions? Thanks
What is the approximate amt charged to go through Yvonne? Does she hold your hand the other process? It seems it’s getting harder and harder and financial requirements are becoming outrageous. Does the US have such requirements for others coming to US?
Well I meet the requirements but I am scratching Mexico off the list. Ridiculous amounts and you can bet the move by Mexico will be to increase and non-renewals. Their is no love for you being there other than the love of draining expats wallets. So there is no doubt take increase again and take more, expelling you and taking what you have to leave in MX, like the cute condo you bought on the beach. The fix is if for the USA to require the same for whatever the immigrants home country requires in kind.
Indianapolis has a $2533.83 monthly income requirement for financial solvency (6 months) so they are among the lowest for that requirement along with McAllen (which I have heard is about the same). I don't know if they are 'lenient' in other ways (i.e I hear some only approve retirees, etc. ) . I also am still waiting to learn if one has to be an Indiana resident to use them or you can be from any state.
Hi Alex. Can you please address one thing that no one else has really addressed? That is: The savings and investment requirement is $54,000, but what if you are married? What happens then? Does each person need $54,000? Or do we need $108,000? I am having a really hard time finding this information. Thank you for any help you can provide.
If one person can qualify using funds that are *not* in a joint account, you can do the process for just that one. Then when you enter Mexico the one who does not have the visa can enter as a tourist. Once the person with the visa has their residency card, it's a very simple process to get residency for the other based on the marriage. No solvency proofs required. If you go this route, before leaving the US, you will need an apostiled version of your marriage certificate from the state it was performed in and after entering Mexico, it will need to be translated by an approved service.
We are going through this process right now and have a family of 7. The first person, main income earner, has to qualify with that amount you quoted, and then the consulate we are using required an additional $800 per "dependent" to be added to that income total. I believe each consulate is different in how they handle that as well, so your best bet is to e-mail the ones closest to you and ask for their requirements and let them know how many people will be applying in your family unit.
@@mdrichards So, using this process, two separate trips to Mexico are required? One for the main breadwinner to complete the process and then a later trip for the spouse?
@@jason-jones No, you go to Mexico together. My husband qualified for his temp residency with his social security. I’m not old enough yet. He got his consulate approval and we entered mexico together. Him as Canje (in process) and me as a tourist and I asked for 180 (nicely, and I got it) We paid a lawyer in Ajijic to handle finishing his temp residency. Once it’s completed, they will submit my paperwork with no financial requirements as a dependent, on the family unity program. Hope this helps.
Hi, I need help on getting the book Re: Residency in Mexico by Alex Wittman. Is it a paper copy or digital form. Please send me a link. I have already completed the first 1/2 in the U.S.
when completing the FMM once you have your temporary residency card & are in Mexico, do you fill out the length of stay, ie. 180 days or greater and state your entering as a tourist. Also, has Puerto Vallarta gone digital as I heard there are 11 states that are processing residency cards more quickly. Can appointments be made online at INM? Can you check with a particular INM office prior to going to Mexico what is their processing time. If so, is there a way to email your INM office. thank you.
Once you have your residency card, you enter as a resident not as a tourist. You can enter via the Mexican nationals line. I believe there's about a week long turnaround in PV, and unfortunately, you can't make appointments online.
Does the savings requirement need to be held in a Mexican bank? When I contact my bank to request proof show my savings amount, is there a specific name for this type of document?
No, you can use statements from the bank in your home country (the currency needs to match the currency of the country where the consulate you're applying is located). If you're going the savings route (versus monthly income), you need to show your account statement every month for the past 12 months.
I have been married to a natural-born Mexican citizen for many years. Is the process much easier for me? I can never get a straight answer as to the process.
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@rluikaart You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
Guess the residency will be a moot point for most now. So, how long do you have to stay out of the country for the tourist 180 days? Then can you go back right away? So just have to leave the country every 180 days now?
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violent and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico and it drive up entitlement and trashy Americans and they have average incomes but in Mexico they are rich… so what they are doing is making it higher for the average Americans are price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
If all this bureaucracy seems excessive, there are plenty of other countries in Latin America which offer visas (all types) on much more favorable terms than Mexico.
Hi, I am planning to move to Mexico in close future and I would like for you to help me find a reliable lawyer (relocator) who can help me with immigration papers and relocating. Thank you
Alex, This video was very clear and had some of the best information I have heard yet. Last October 2022, I applied through the San Francisco consulate and even though I had enough money to be a permanent resident they would only let me apply for temp residency because I was not collecting SS or my pension. I understand to complete the 3 year extension on my 1 year temp residency, I should not wait past the expiration date, but can you provide more details. For example how to get the extension application or do I just go back to the same immigration office in Mexico and ask for an extension at the front desk? How can I go to the process of extending my residency more prepared with pre filled out paperwork, etc? How long should this process take?
Those numbers are absolutely ridiculous! So what they're saying is "only well to do" or "rich" Americans is what they will tolerate in their country. Absolute BS!
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@Dav U, if you’re trying to qualify financially for temporary residency you would not qualify with a monthly income of $2,000 USD whether you’re retired or not. As Alex said, the average qualifying monthly income for temporary residency is now $3,275 USD.
@@amyhollingsworth16 It still depends on the consulate though. Indianpolis is $2533.83 today, 9/1/23., or ~42,000 savings. I have heard that Mc Allen TX is about $2500 also. This still doesn't help lowflyer, but it's closer, so maybe if they could get some more income somehow??
haha...based on the 'daily minimum' wage in Mexico. These figures take advantage of potential residents and gouge foreigners. Last time I looked daily minimum wage in Mexico was $11.54. So these requirements for foreigners is egregious and predatory.
I know, really! It makes no sense b/c this income is MUCH higher than the average Mexican makes, and in my opinion just hurts the local Mexicans more. In my observation it is the middle to lower-mid income retirees (that is who I know about) who really help the LOCAL economy. They rent modest houses/apartments in MEXICAN neighborhoods, they shop at local markets, they mingle in the cities/towns with the locals and use their businesses, and restaurants. They pay for health care out of pocket if they need to, b/c they can still afford it. They use taxis, buses and uber; supporting those local businesses. They are coming to integrate into the Mexican culture NOT drive the culture and locals out! On the other hand, the more wealthy are driving the building of garish modern condos, or they buy (or build, or change the beautiful original architecture) extravagent homes .. both of these in gate communities with high security where they live walled off from the locals. They have cars and drive to American stores and supermarkets where they shop, like Costco. Supporting the American econoomy. They eat at high end restaurants, not local Mexican ones. They are driving the locals out and making the housing costs way too high for the locals. Since this income hike is coming on American soil, I have to wonder if the U.S. government is not involved, b/c they don't like all the money leaving the U.S. i.e the people coming in willl be basically coming to live a U.S. lifestyle in Mexico. It's sad for the Mexican people who are being screwed by this IMO, b/c the Americans coming in will not be so disparate from them, and sad for all the Americans who wanted to move to Mexico b/c they love the people and the culture and want to live a more "Mexican" live - not come to flaunt their "wealth" (as they can appear so in Mex) and live in "luxury".
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@scoobydadog246 Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
The last time I went to Tijuana, and was coming back with my wife, I was asked by American Customs if I was a dual Citizen. I have been asked this several times. I do not know why. Before doing the residency thing, I would seriously consider it.
I'm renewing my residency after 1 year and I'm curious, if I meet the financial requirements for permanent residents could I review with permanent status instead of the 3 year extension?
You can renew to that permanente status if you either can show that what Brunette talked about here that 250 K USD in the saving s for a year or you can show that you make that whatever 5 K USD a minth for the pasy 6 months so again, that or either renew for another 3 years. Money talk.
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
It would not be 'dual' citizenship, rather it's just Mexican citizenship. And that can only be obtained through your parents. Question: did your parents obtain Mexican citizenship through their parents?
I believe that’s called family unification. Yes you can apply through your grandparents. This is the route my mother is doing since she is Mexican American and her grandparents are native to Mexico. Then I am going to apply under her once she gets her residency.
Hi Alex! I’m going to do my temporary residency renewal but I don’t have a permanent address in Mexico yet. Will they ask for proof of “estancia”? If so what happens when you don’t have a place there yet?
You will need a proof of address in the state where you're doing the renewal. Most people use a utility bill, and it doesn't need to be under your name. The important thing is the address is in the state where the INM office is located.
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
I'm going to spend six months in Mexico from April. However, for the next year after that I'm likely going to be in Spain/Europe. During the application process what is my requirement for how long I have to stay in Mexico?
Once you enter the country with your visa, you have to "exchange" it with immigration within 30 days and they will give you your residency card. From the time you enter Mexico, you cannot* leave the country until you have your card or you'll have to start over. They no longer take appointments for this process. Depending on where you will do your exchange, it may be wise to hire someone (like Ivonne) to assist with this process as they will typically also get you a spot in line so you can just show up in the morning. *Generally: It is technically possible to get permission to leave, but since in most places the cards are issued same or next day now, it would be just as easy to get the card.
@@mdrichards I appreciate that but can you answer my question simply. What is the shortest amount of time in which I can actually get the permanent residency in Mexico, and are there any requirements after that a certain number of days I need to be in Mexico per year etc. or no. Thanks 🙏
@@mygypseasoul no I'm trying to get temporary or permanent residency status so that I can come and go in the future. So I guess there is no requirement that I stay a certain amount of time during the year in Mexico while they're processing my application? That is great everyone should be applying for this if all you have to pay a couple of hundred bucks.
Once you have your temporary or permanent residency card there are no time requirements to stay in Mexico. If you have a temporary you just have to go back to renew before it expires. Hope that helps.
why do they require you to make that much money for a permanent residency? That average American doesn't even make that much and also it doesn't even take half of the amount required to live comfortably in Mexico.
@@ayuanabradford3206 Right, but maybe ; they will get more of the obnoxious ones now (not all of course) but in general, I observe the middle to low- middle income retirees as the ones who go to support the local economy, live with the people, rent modest homes/apts in Mexican neighborhoods, not hermetically sealed condos in gated communities; the ones who shop at local markets, etc. The ones who will be cut out now.
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@scoobydadog246Yes i understand what u saying, but here is another opinion i have.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
If they say $54k, does that mean your portfolio has to be $54k or higher every month, or do they take the average? With the ups and downs of the stock market, we’ve had rather large swings.
You will need to check with the consulate - b/c some only accept cash savings - i.e what you have in an account that can be liquidated immediately like a savings account, not a portfolio, not investments.
I'm moving there but they want to be making like 5k a month and that's like America that's BS lol Mexico is cheap so 5k a month is RIDICULOUS lol.... I HAVE enough to pay rent and that's all that should matter 🥰
It is BULLSHIT for sure. Mexicans live on 10% of that value, seems like they want to KEEP OUT some americans and canadians, chopping off the golden gooses neck
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…Luckily i married a Mexican and he live in a gated community already in Mexico because of his parents…I’m 1 in a million technically because I’m not Mexican and i don’t have to worry about income requirements. I do feel bad for others, but not so much as they are trying to not have many crazy Americans in their country…
@@ayuanabradford3206 You ALSO have to look at WHO is trying to move to Mexico. The SAME one's that are causing trouble, violence and stealing in America so they're now trying to move down there AFTER they see other's doing it.... That's the REAL problem and inflation don't help either 🙄
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Mexico recently increased its minimum wage by 20% this year 2023. This directly affected the minimum solvency requirements. Inflation is creeping into the Mexican economy as well. The dollar goes a lot less farther now then it did just a year ago. Right now it’s been around $18-18.5O pesos to the dollar. Down 15% from the highs of $21.-21.50 pesos to the dollar last year.
Alex I used your roadmap 2 years ago and it worked perfectly. Thank you
Great video. Just for those watching, I’m 46, retired Dec 2021, and I was able to obtain a permanent residency visa from the McAllen, TX consulate in February. The process was quick and easy, was in and out in about 45 minutes. I’ll be heading to Puerto Vallarta in April to complete the process 😀
I envy you! haha! That is my dream destination.. good luck!
@@lowflyerxx thanks. Looking forward to finishing the process next month:)
@@marcuss2956 Please if you can I would love to hear details! I am planning similarly, but I am few years older.. Thanks and again good luck!!
@@lowflyerxx I finished the process on Thursday in PV. I used a facilitator and had no issues at all. They had everything taken care of, I just had to sign the paperwork and show up for the apt. They took my fingerprints, pictures, signed a few more documents and received my residency card same day.
@@marcuss2956 Excellent! Sorry, how did you find your "facilitator"?
It definitely pays to email the Consulate to confirm the financial requirements posted on their websites. I did this with the Raleigh Consulate last year and found out that their requirements weren't that much lower than the other consulates; they just had not updated their website.
Thank you so much for the update about the Temporary residency ❤
My local Mexican Consulate did not want to accept my application until I was formally retired therefore some people may be required to wait until being retired before applying for residency.
Since your video was so helpful to me in my journey of obtaining residency, I thought I would share the timing I experienced with you and your viewers:
6/1/2023 requested appointment at the Orlando consulate to receive a permanent residency visa (appointment was given for three weeks later)
6/21 granted permanent residency visa (I’m 60 and qualified based on retirement savings)
7/3 waited in line at Playa del Carmen INM office to have an appointment scheduled (appointment was given for 4 days later)
7/7 received permanent resident card at Playa (a form cover letter requesting canje was requested, and signature on a privacy notice; proof of address and photo was not required; my visa indicated canje, but my FMM didn’t indicate canje, but they were able to correct at the Playa office w/o going back to the airport; credit card was accepted and biometrics obtained and card issued same day)
7/8 got in virtual waiting line for RFC at the Playa SAT office (#604 in the line)
7/15 reached the front of the line, and via email was given an appointment about 6 weeks away. (only given 24 hours to accept appointment time)
Being 60 may have qualified me for an exception to having to get in the virtual line, but was told by a PDC SAT rep that the “Adultos Mayores” exception requires the applicant to be 65; this seems to vary by office.
Please let me know if you have any questions regarding my experience.
Thanks so much for taking the time to share your experience (so helpful) & congrats on getting your residency!
You're the first person I heard of going to Orlando. I'm closest to this consulate, so this post is very helpful. What is the minimum amount for savings???
I too want to go to Orlando b/c I'm closer to that consulate. Your information is very helpful. How did you request the appt? phone? Did you know ahead of time you would qualify for permanent residency? I'm not sure hubby and I qualify on the SS only. I guess you can't combine it. We are moving to Puerto Morelos - I think about 25 mins from Playa. I'm 68, therefore no line . . . lol Thank YOU!! I hope you're loving it there.
Just sent my app & docs. Waiting for them to review and schedule an appointment🤞🤞🤞 Stand by Ivonne! 😄
It's absolutely crazy one of the average person in MX makes 400 to 500 per month
It's close to most of the world. Most countries in world are sadly poor..
I just got my permanent residency from the Chicago consulate. I had to show, 12 consecutive months bank statements of $245,000.00. They were very strict. I had removed some money from that particular bank account to another bank account one month, and they told me I wasn't qualified for the permanent residency. I showed where I made that month's transfer to the other bank, and they made me qualified for permanent residency. I am so excited. I don't know what to do with myself.
Congrats on getting your permanent residency, Ana!
Alex, have you considered updating the name of your channel, like your friend Laura B did? I ask because while your content is always top notch, the backpacking and travel angle seems to be the smaller part of your vlog. I recognize that you don't need to be retired to move to Mexico, but I suspect that most regular viewers are older like me and the backpacking name might be causing potential viewers to overlook this helpful residency information. Just a thought. Best wishes as always. Regards.
Hi Alex! Good to hear from you!
The replacement for the FMM is a horrible headache for tourists. You are supposed to scan the QR code, create an account, and download a digital multiple migratory form. HOWEVER IT DOES NOT WORK!! I must have tried 20 times and was ready to have a nervous breakdown as it was stated in boldface that if I did not do this I would not be permitted to leave! Turns out they don’t check and don’t care, at this point anyway!
My wife and I are leaving the US soon and had considered Mexico our #1 option. However, with some of these changes we are finding Spain (and several other countries) better options. Mexico is pricing itself out of the xpat market. Maybe not a bad thing for them, but we'll see.
What are the Spanish requirements.? I've looked into Greece and Italy and the amounts were quite high. Portugal I here is ending their Golden Visa that is high anyway at $500,000 where most of Greece is still $250,000.
Portugal is the easiest and best in Europe. Spain requires about $2400 a month but their taxes are high. Portugal requires less than $1000 a month with about $20,000 in the bank and gives retirees 10 years at 10% taxation. Panama is a good option for lower financial requirements. So is Ecuador. I think Greece requires around $2200 a month with a good tax deal. Italy requires $2800 with a lower tax deal if you move to a small town in the south. I also think Mexico is pricing itself out of reach, so I guess they're tired of retirees and middle income people and only want Dolce, Gabbana, and Armani to move down. It seems to be in response to the high requirements the USA has for them. But many countries realize that middle income retirees help to keep their restaurants and shops going better than a few dozen millionaires.
@@TommyPinkerton You are spot on! It is indeed disheartening, b/c I would say that these middle to lower income retirees actual support the culture and LOCAL economy more. Of course I cannot generalize but in my observation; so many of the higher income types (US) are doing what is hurting the locals and driving them out - living in pricier by ghastly high rise condos in gated communities, or building extravagent houses with all all the amenities like 4 big screen tvs; and they shop at Costco and American stores, and eat at Americanized restaurants and spend their time in their hermetically sealed boxes watching Netflix and on their high speed internet. They rave about this.
My goal, and those like me - is to live in a modest Mexican-type home or apt; in a modest Mexican neighborhood. The more middle income folks spend their time exploring the cities, using taxis, buses, and uber. Shopping at local produce, meat and fish markets; eating at small local restaurants and food stands. Much more integration with the Mexican people. I, and others who think like me; are not just going to Mexico b/c of the cost, but b/c of the healthier NON American lifestyle, and b/c we want to embrace the culture.
As you say - this brings Dolce, Gabbana and Armani to the area and drive out the local businesses. So, I don't know what their thinking is, but I don't think it is wise; b/c now their will be so much disparity between the people coming in, and the Mexican residents. Despite the minimum wage - a nurse for example, makes about $900 American dollars in an average city. So, a middle income Mexican worker would not qualify for residency, and the price of housing will no doubt be driven up by the skewed influx of people able to pay more than market price. One can live quite well and contribute a lot to the economy on much less than the new requirements.
I will just squeak in at the consulate in Indiana and while it is much sooner than I had planned, and it's going to require a lot of last minute hustling - but I feel like in my precarious situation I should move on this now - i.e make my application appointment and if I'd be lucky enough to get a Visa, would have to go to Mexico w/in a month. I fear if I wait they might raise the requirement again in 2024......
Sad, b/c it seems like typical gov't bureaucracy with a knee jerk response that is hurting, rather than helping the people. Exactly what I hoped to leave behind in the U.S. I don't know about the new Mexican Pres - they seem to be getting more tyrannical. :(
I wish you lots of luck. I chose to retire in Portugal. Mexico was my 2nd choice. I could have qualified, but it seemed like Mexico was getting really tired of USAmericans moving down, and Portugal seemed to be encouraging retirees and digital nomads to move here because many Portuguese emigrate to other countries to earn better pay. I hear of people here who complain about expats driving up prices, too, but we also help to keep businesses open and that creates jobs. I also tip waiters, haircutters, and cab drivers, which not everybody does. I might like, in the future, to live part time in both places, or bounce around to different places with a home base somewhere, but time will tell if I'll be able to afford that. Currently, Lisbon is more expensive than I had thought, especially to buy an apartment. I see some saying online that expats are driving locals out of their cities, but there are other factors involved. There are also high taxes and low wages here. The government makes building new affordable housing a low priority, and makes renovating existing vacant homes very difficult. There's gentrification happening everywhere, and it's not only immigrants that are driving up costs and driving down wages, but xenophobes like to blame expats and immigrants for all the problems. I'm not the typical ugly American. I speak a number of languages, love other cultures and foods, and don't have bling to flash around. I interact more with locals and don't seek out expat enclaves. I try to put more in than I get back everywhere I go, try to do more good than harm. The multicultural exchange and opportunity to interact with other people is good for world peace and good for the soul. I look forward to my next visit to Mexico, but if they don't want me to move there, I won't. Where did you decide to move to?@@scoobydadog246
received mine today (Residency). One thing people should know is that if you live on the border of Mexico and need to cross over to INM to get your residency card (tu tarjeta de residencia) the 30 days pertaining to: CANJE/FMM that you have to stay in Mexico until you get is not always true.
A very important note: you may not get your card the same day, it may take 2 days to 2 weeks. I received mine today (took 3 days total) after being told to go home (the other side of the border) that it was a non issue UNLESS you are going back to Mexico via Air travel or Sea.
I’ve been coming to Mexico for over 30 years. People be careful where you go especially pertaining to the boarder cities. I remember the days when we didn’t need a passport or anything. We would drive right in and go to our house across the border. God Bless MÉXICO. Great job: BackpackingBrunette.
FMM may be gone, but not everyone is trained to know that at the airports, and the (military?) often intervenes with their own checkpoint system and FMM-esque things to sign. They just collect it right after you sign it and I don't know if anything's actually put in a database.
Also the internet stuff doesn't work.
Thank you for the updated information!
Great information, very useful! Thanks for sharing.
Here’s a list of the updated 2023 fees:
Residente Temporal 1 year: $5,108 Mexican pesos
Residente Temporal 2 years: $7,654 Mexican pesos
Residente Temporal 3 years: $9,693 Mexican pesos
Residente Temporal 4 years: $11,488 Mexican pesos
That's incredible we only need to show $54,000 in bank accounts? That's a lot lower than I thought!
That appears to be one of the easiest ways -- it's almost like a loophole.
When I am ready to retire I can ask them to just pick one. I thought I was going to hear $250K minimum. But it will be that someday because us gringos are moving there and driving up prices.
well, this is a fortunate bunch here... you don't need to go to Mexico!
I went to the link to pay for and download the checklist for the move down to Mexico. Your website has so many ads and buttons to click for those ads that it is impossible to figure out what is actually your content. Ugh.
Now TR ,
Q1. when it's time to change the PR card, can you apply online outside Mexico?
Q2. How long would you be requested living in Mexico before applying a PR card?
Q3.After getting PR card, can I leave a long period (staying in my mother country)? I.e. being a permanent resident, how many days requested living in Mexico?
Q4. PR card, need renew yearly?
Q5. What benefits for PR ?
Q6. Any good insurance recommendations ?
Q7. I don't drive, any suggestions of living area in PV, Puerto Vallarta.
Thanks Alex
Excellent show great information. Thank you.
Super, Alex, we are in the process for the PR, this updates help a lot, also keeping a close eye on the news of CJNG s expansions over MX.
Thanks, so glad we did all this in 2020.
Hello, great video. Can you tell me how much extra is it for dependants. I am looking into the savings or monthly route for Economic Solvency. Thank you in advance.
Good information, thank you for the breakdown!
I am on the 4th year of a temporary visa. I intent to immigrate and obtain Mexican citizenship. My question is will I ever Ned to requalify based on the increases in qualifying over the 4 year period. In short, as far as income qualification….you only have to do it once?
Thanks for the video , answered all my questions ! You have a new subscriber 🙂
So glad you found it helpful, Mark!
I got mine, PR, in 2016 - I just had to show bank statements for 100k savings. I am not retiree or anything, I was 28y old at the time. Anyway, 2 questions if you don't mind?
Q1. I am UK citizen, currently in US, 1 more year before I am a citizen in US. I want to move to Mexico after that. I havent been to Mexico for 2 years, but my "Residente Permanente" card has no expiry and I was told that I can be gone from Mexico for years and still remain PR. No new changes regarding this? Is this still valid?
Q2. I see people on Reddit complain that you can lose your PR by border agent incorrectly putting you as a tourist when entering Mexico, or, when new automatic gates were installed, people also complained that system categorized them as "tourists". This is worrying to me because If I'd loose my PR, would I need to meet all the requirements etc again? I see that it's getting tougher now to get PR...
Thank you
Good morning! My husband and I really like your videos. 😀 We love Mexico ! I’m looking for information for health insurance for temporary and permanent resident Canadien living in Mexico. Have you covered this subject in one of your videos ? Thank you!
Thanks a bunch for sharing!
Hi: Thanks for great video. Question: in 2023 can I apply for permanent residency directly? I am a retired person. I don't want to get a temp visa first. If I can apply for permanent retired visa how much savings do I need to have? Also can I combine my social security income and savings for financial requirement.
In Santa Ana they simply refused my application for temporary residency. They said they're only approving retired people. None of the requirements you mentioned mattered at all. They said check back next year. Btw, they also mentioned that my savings would have needed to be in a cash account, 100% liquid, no stocks or CD accounts for over a year.
Try the Phoenix office. We got our temporary residency there and we had no issues.
My problem is there's no option on consulars site for temporary residency in my country. So i can't apply online. And the consular is 477 km far to my home. I wrote an email to consular, a few days later they replied to me i'm eligible but didn't say how to apply and document list, no information only yes you're eligible to apply for temporary residency..
I received my Permanente last fall. If I applied today I would no longer qualify. I am so lucky!
Congrats on getting your permanent residency!
Yes you are.. if I only started looking into this a year ago.. famous last words....
Are the income requirements for each spouse of a married couple or for the two of them added together?
My question also
Thank you for the informative video! Can you please share which consulates people have been able to successfully get permanent residency at an age below typical retirement age? I would love to be able to skip the temporary residency renewal hassle.
I am 46 and was able to get my permanent residency visa in McAllen, TX. Was a very easy process, in and out in about 45 minutes.
As Marcus was saying here ok, he did it. It's all about the money. You can be 20 years young and apply for that permanente status if you lets say 10 K USD a month so money talks and have always done so.
Hello Alex, we got out temp residency cards on January 3rd. But we had to make a special trip to Mexico City to even get this done. We have a home in Cajititlan and we need help getting an appointment in Guadalajara between December 03 and January 03. However because the offices are closed half of December we need help getting an appointment. Currently we are still living in California, but we plan to go to our home the first of December so we can update our cards and change of address. If your associate Ivonne can help we would really appreciate it. Thank you much.
I recommend reaching out to Ivonne Pavaan at Host Relocation: hostrelocation.com.mx/
I worked 4 years and the company paid. Mexico is getting Much More Expensive... There is a "Retired fixed Income Exception". I'm retired now, and living on $650 SS Retirement per month... Getting Much Harder last two years...
If you’re showing income for residency, are those numbers net or gross (understanding that they may vary based on which consulate).
- It's apparent she never replies to questions.
@@Hard_Car_Life That's frustrating isn't it! I suspect it will vary by consulate. The one I hope to use in Indianapolis requires $2533.83 income AFTER taxes, with bank statements and documents for 6 months to support this income. As I understand this is on the low end of the current requirements (and it is the '23 update), so I am thinking I should apply now, sooner than I planned , but before they decide to catch up with everyone else...
In previously attempting to get my TR at my local consulate he mentioned NOTHING about the different “routes” you speak of. He wanted BOTH monthly income AND savings (PLUS I am married to a Mexican born citizen! Which I also had to prove.). Does that sound right? I meet the monthly income requirement with my pension. Or should I try a different consulate?
Houston consulate still shows $43,000 for Temporary Residency.
Each Mexican consulate has its own interpretation/calculations. It does make sense to go consulate shopping, there is a choice of like 50 Mexican consulates in the US
@@boink800 Do you know if one can go to any consulate, independent of where one resides? I still have not gotten a hard answer to this question...
@@scoobydadog246 Yes, you can go consulate shopping. It can make a huge difference.
Yes that is high in Orlando Florida is a lot less
What is the mathematical logic behind such high financial qualifications to get a Mexico Residency? As of 2023, the average salary in Mexico is around $33,200 MXN per month ($1900.00 USD). Why would consulates demand a minimum of $3,275 USD from foreigners?
They rejected me because I needed to show not only that my monthly income was above the threshold, but that it was the same amount, in perpetuity.
Wow maybe it's better that way. Is it really worth it? High taxes, cannot drink the water, bad traffic and drivers.
My case is a little different than most; I was born in Mexico but became a US citizen when I could not hold dual citizenship. Over time I lost my birth certificate, so I tried to get a new one on the official Mexican government website but failed. I can get past step one, which is getting the (CURP) code. Thanks to my mother's excellent memory, I still have a lot of details about my place of birth in Mexico, including the exact address of my birth.
I feel you, player! I was born in MEX. I was adopted, to U.S., from CDMX at 7 y.o. I have ALL my MEX docs, including my original birth certificate. I have all the financial statements needed to verify that I can support myself, such as required of expats. My U.S. passport states I was born in MEX. I can’t even get an appointment at the local consulate! I did find out I could get a 1-year passport. Then I would hire a MEX attorney, translate all my English-language adoption papers, present all paperwork to a judge and wait for an answer. All that time I would have to remain in MEX waiting for my court date. That’s the reason for the 1-year passport. Good luck. 😊
GTK. My case is more complicated because my name was changed. That is why I have to go to court.
@@golfertex Wow - that's crazy! - I mean your whole story. Good luck to you, I hope it works out for you, it wouldn't be right if it didn't!
Always wondered - I assume the requirements are the same for RENEWING temp residency as they are for your FIRST temp residency visa. Is this correct? If so, do people find themselves uprooted and deported if their "solvency" is below the requirements?
No, actually there is no further checking of income for the renewals! So, the people who got in before these changes really lucked out! In fact, if one pays more money, you can renew for all three years at once, which is what I would do to safeguard against any solvency changes! At least that is the way it has always been and still is as of today.
Here's a question. Say to have $53,000 in an account. Required. But you use all of it to buy a house/condo for say $250,000 after a year with already having your Temp Visa. To get a Temp Visa its $428,000 in a real estate purchase. So if you plan to live in Mexico full time are they going to just kick you out? And you are only getting say $1000 in SS per month.
Don't attempt the Raleigh consulate. Bad experience.
Alex, from various comments that you have made I understand that you are from MIchigan. Me too. Have you been required to pay MIchigan state income tax while living in Mexico? I have heard that if you keep a Michigan drivers license or bank account here that you are still required to pay state income tax. Is that true? Also, are there any Mexican tax reporting requirements while living in Mexico?
Hi, I recall seeing one of your videos that mentioned a list of the different Mexico consulates in the different states of the US. I think you had mentioned that the consulate in McAllen, Texas has one of the lowest posted economic solvency requirements, and that they also do NOT require you to live there in Texas to apply for Mexico residency.
Do you have this list of the fees for all the different consulates?
If not. how can I get it?
Thanks,
Gary
They never answer, so I'll tell you what I've found :) I haven't found a list anywhere, perhaps someone does but I suspect you will pay for it. So, it will be some work, but you will have to make your own, i.e call the consulates or look on their websites (I've found that some have the $ on their website and has been updated for 2023; but some do not, so have to call or email. I 'heard' McAllen Texas was ~2500, but they don't say on the website and no one answered the phone at the number I had today. I can give you 2 that I checked today - (9/23 ) this is temporary visa monthly income requirements - Milwaukee WI, ~ 3200, and Indianapolis, Indiana, $2533.83 !! /or savings of 42 some K (I don't remember exactly). Since this is as low as I heard it goes, 2500, I think I found the choice for me , I'm in the midwest. I still am unsure if I can go to a consulate in any state, or have to go where I live., i.e if it is just Texas that doesn't require residency or if any state is that way. There is so much uncertainty...
@@scoobydadog246 Finally just got an appointment in Little Rock, AR (I believe you have to live in AR) and they told me economic solvency is $3,539.85! How are these other places so much less...It also took me non stop emailing them to even get an appointment, almost 2 months! Last year I reached out for an appointment and sent in all of my documents via email as requested and they never set up my appointment or for my dependents. This process is not easy for everyone. Good luck to all.
Which consulates will actually be best for freelancers? Don't go to Raleigh NC unless you're a retiree.
I have heard McAllen Texas is the cheapest requirement for financial solvency
Hi Alex, Here in Phoenix it says on the application that Permanant Residency is required to be retired. I want to apply for a Permanant Resident through solvency, I can prove it, also have a pension, but want to work, any suggestions? Thanks
When will you update Mexico Residency guide for 2024?
Would fans who bought your 2023 guide also get updated 2024 for free?
Yes, I send out all updates to previous purchasers free of charge! I usually update in Jan/Feb 😅
@@alex-wittman Appreciate your quick reply. When I want to clarify something or ask a question about the guide, how do we communicate? Via email or?
Can you change your temporary residency status to working permit, in case you get a job offer in Mexico?
I'm so glad to now be a citizen and not have to worry about all this 😁
What is the approximate amt charged to go through Yvonne?
Does she hold your hand the other process? It seems it’s getting harder and harder and financial requirements are becoming outrageous. Does the US have such requirements for others coming to US?
Hi Alex, can you recommend an immigration company in Guadalajara please. That's where I will be staying initially. Thanks
Well I meet the requirements but I am scratching Mexico off the list. Ridiculous amounts and you can bet the move by Mexico will be to increase and non-renewals. Their is no love for you being there other than the love of draining expats wallets. So there is no doubt take increase again and take more, expelling you and taking what you have to leave in MX, like the cute condo you bought on the beach. The fix is if for the USA to require the same for whatever the immigrants home country requires in kind.
What are the most lenient consulates in the u.s.?
Lots of people have success at the McAllen consulate in Texas!
Indianapolis has a $2533.83 monthly income requirement for financial solvency (6 months) so they are among the lowest for that requirement along with McAllen (which I have heard is about the same). I don't know if they are 'lenient' in other ways (i.e I hear some only approve retirees, etc. ) . I also am still waiting to learn if one has to be an Indiana resident to use them or you can be from any state.
Wow that's crazy ! You can live with much less than that in Mexico.
Hi Alex. Can you please address one thing that no one else has really addressed? That is: The savings and investment requirement is $54,000, but what if you are married? What happens then? Does each person need $54,000? Or do we need $108,000? I am having a really hard time finding this information. Thank you for any help you can provide.
In our experience just this past January, we were able to use both incomes for solvency. This was in the Aguascalientes INM
If one person can qualify using funds that are *not* in a joint account, you can do the process for just that one. Then when you enter Mexico the one who does not have the visa can enter as a tourist. Once the person with the visa has their residency card, it's a very simple process to get residency for the other based on the marriage. No solvency proofs required. If you go this route, before leaving the US, you will need an apostiled version of your marriage certificate from the state it was performed in and after entering Mexico, it will need to be translated by an approved service.
We are going through this process right now and have a family of 7. The first person, main income earner, has to qualify with that amount you quoted, and then the consulate we are using required an additional $800 per "dependent" to be added to that income total. I believe each consulate is different in how they handle that as well, so your best bet is to e-mail the ones closest to you and ask for their requirements and let them know how many people will be applying in your family unit.
@@mdrichards So, using this process, two separate trips to Mexico are required? One for the main breadwinner to complete the process and then a later trip for the spouse?
@@jason-jones No, you go to Mexico together. My husband qualified for his temp residency with his social security. I’m not old enough yet.
He got his consulate approval and we entered mexico together.
Him as Canje (in process) and me as a tourist and I asked for 180 (nicely, and I got it)
We paid a lawyer in Ajijic to handle finishing his temp residency. Once it’s completed, they will submit my paperwork with no financial requirements as a dependent, on the family unity program. Hope this helps.
Hi, I need help on getting the book Re: Residency in Mexico by Alex Wittman. Is it a paper copy or digital form. Please send me a link. I have already completed the first 1/2 in the U.S.
Hola Alex saludos
when completing the FMM once you have your temporary residency card & are in Mexico, do you fill out the length of stay, ie. 180 days or greater and state your entering as a tourist. Also, has Puerto Vallarta gone digital as I heard there are 11 states that are processing residency cards more quickly. Can appointments be made online at INM? Can you check with a particular INM office prior to going to Mexico what is their processing time. If so, is there a way to email your INM office. thank you.
Once you have your residency card, you enter as a resident not as a tourist. You can enter via the Mexican nationals line. I believe there's about a week long turnaround in PV, and unfortunately, you can't make appointments online.
Does the savings requirement need to be held in a Mexican bank? When I contact my bank to request proof show my savings amount, is there a specific name for this type of document?
No, you can use statements from the bank in your home country (the currency needs to match the currency of the country where the consulate you're applying is located). If you're going the savings route (versus monthly income), you need to show your account statement every month for the past 12 months.
Don't Worry if You Can't Meet The Financial Requirement, Just Bribe Them.
😁 too bad la policia are not in charge...
I have been married to a natural-born Mexican citizen for many years. Is the process much easier for me? I can never get a straight answer as to the process.
Yes, instead of having to demonstrate economic solvency, your marriage certificate with an apostille is enough for temporary residency.
@@alex-wittman THANK YOU!! 😃😃👍🏼👍🏼
Yikes I definitely can't make this move....😢 as a single person I only make 2600 a month!
Yes. Need to be a millionaire to move to Mexico. Definitely worth it. 🙄
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@rluikaart You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
Guess the residency will be a moot point for most now. So, how long do you have to stay out of the country for the tourist 180 days? Then can you go back right away? So just have to leave the country every 180 days now?
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violent and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico and it drive up entitlement and trashy Americans and they have average incomes but in Mexico they are rich… so what they are doing is making it higher for the average Americans are price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
If all this bureaucracy seems excessive, there are plenty of other countries in Latin America which offer visas (all types) on much more favorable terms than Mexico.
I guess that's why more and more people are looking further south.... El Salvador is supposed to be very promising with making Bitcoin legal tender...
Hi, I am planning to move to Mexico in close future and I would like for you to help me find a reliable lawyer (relocator) who can help me with immigration papers and relocating. Thank you
Which consulates are giving permanent residency for non retired individuals?
Most recently, people have been having success in McAllen, Texas.
Hey Alex, Do you know what the rate is to Renew your TR for 3yrs?
Alex, This video was very clear and had some of the best information I have heard yet. Last October 2022, I applied through the San Francisco consulate and even though I had enough money to be a permanent resident they would only let me apply for temp residency because I was not collecting SS or my pension. I understand to complete the 3 year extension on my 1 year temp residency, I should not wait past the expiration date, but can you provide more details. For example how to get the extension application or do I just go back to the same immigration office in Mexico and ask for an extension at the front desk? How can I go to the process of extending my residency more prepared with pre filled out paperwork, etc? How long should this process take?
can you get a permanent residency for mexico if i am not moving until next year?
Those numbers are absolutely ridiculous! So what they're saying is "only well to do" or "rich" Americans is what they will tolerate in their country. Absolute BS!
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
I'm planning to move with my Husband who is a Mexican Citizen. Does the financial requirements apply to temp/permanent residency via marriage?
You will apply via family link! Instead of showing economic solvency, you will need to show your marriage certificate with an apostille!
Can you add 2 bank accounts together?
Yes, as long as they are under the same name
Great vid as usual! But if I am planning to retire, and I get only $2000 /m, would that disqualify me? cheers
@Dav U, if you’re trying to qualify financially for temporary residency you would not qualify with a monthly income of $2,000 USD whether you’re retired or not. As Alex said, the average qualifying monthly income for temporary residency is now $3,275 USD.
@@amyhollingsworth16 thank you ...
@@amyhollingsworth16 It still depends on the consulate though. Indianpolis is $2533.83 today, 9/1/23., or ~42,000 savings. I have heard that Mc Allen TX is about $2500 also. This still doesn't help lowflyer, but it's closer, so maybe if they could get some more income somehow??
haha...based on the 'daily minimum' wage in Mexico. These figures take advantage of potential residents and gouge foreigners. Last time I looked daily minimum wage in Mexico was $11.54. So these requirements for foreigners is egregious and predatory.
I know, really! It makes no sense b/c this income is MUCH higher than the average Mexican makes, and in my opinion just hurts the local Mexicans more. In my observation it is the middle to lower-mid income retirees (that is who I know about) who really help the LOCAL economy. They rent modest houses/apartments in MEXICAN neighborhoods, they shop at local markets, they mingle in the cities/towns with the locals and use their businesses, and restaurants. They pay for health care out of pocket if they need to, b/c they can still afford it. They use taxis, buses and uber; supporting those local businesses. They are coming to integrate into the Mexican culture NOT drive the culture and locals out!
On the other hand, the more wealthy are driving the building of garish modern condos, or they buy (or build, or change the beautiful original architecture) extravagent homes .. both of these in gate communities with high security where they live walled off from the locals. They have cars and drive to American stores and supermarkets where they shop, like Costco. Supporting the American econoomy. They eat at high end restaurants, not local Mexican ones. They are driving the locals out and making the housing costs way too high for the locals. Since this income hike is coming on American soil, I have to wonder if the U.S. government is not involved, b/c they don't like all the money leaving the U.S. i.e the people coming in willl be basically coming to live a U.S. lifestyle in Mexico.
It's sad for the Mexican people who are being screwed by this IMO, b/c the Americans coming in will not be so disparate from them, and sad for all the Americans who wanted to move to Mexico b/c they love the people and the culture and want to live a more "Mexican" live - not come to flaunt their "wealth" (as they can appear so in Mex) and live in "luxury".
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@scoobydadog246 Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
When you apply for permanent residency you only have to show proof of $6200.00? Do you have to show proof every year thereafter?
I meant 54,000.00 US per person for a couple?
You only demonstrate economic solvency once!
The last time I went to Tijuana, and was coming back with my wife, I was asked by American Customs if I was a dual Citizen. I have been asked this several times. I do not know why. Before doing the residency thing, I would seriously consider it.
You don't mention the SS requirements.
Thx
I'm renewing my residency after 1 year and I'm curious, if I meet the financial requirements for permanent residents could I review with permanent status instead of the 3 year extension?
I would like to know too!
You can renew to that permanente status if you either can show that what Brunette talked about here that 250 K USD in the saving s for a year or you can show that you make that whatever 5 K USD a minth for the pasy 6 months so again, that or either renew for another 3 years. Money talk.
$3,275. That is crazy high for Mexico. I am going somewhere else.
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
Is it possible to get dual citizenship because a grandparent was Mexican?
It would not be 'dual' citizenship, rather it's just Mexican citizenship. And that can only be obtained through your parents. Question: did your parents obtain Mexican citizenship through their parents?
I believe that’s called family unification. Yes you can apply through your grandparents. This is the route my mother is doing since she is Mexican American and her grandparents are native to Mexico. Then I am going to apply under her once she gets her residency.
@@diamond_dog627 Do your parents have Mexican citizenship?
Hi Alex! I’m going to do my temporary residency renewal but I don’t have a permanent address in Mexico yet. Will they ask for proof of “estancia”? If so what happens when you don’t have a place there yet?
You will need a proof of address in the state where you're doing the renewal. Most people use a utility bill, and it doesn't need to be under your name. The important thing is the address is in the state where the INM office is located.
Thank god I have dual citizenship 😅
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
Is this per person or per family?
Is it possible to apply PR directly without TR ??
Yes it is. Just let them know you would like to apply for PR once you are at the consulate office.
I'm going to spend six months in Mexico from April. However, for the next year after that I'm likely going to be in Spain/Europe. During the application process what is my requirement for how long I have to stay in Mexico?
Once you enter the country with your visa, you have to "exchange" it with immigration within 30 days and they will give you your residency card. From the time you enter Mexico, you cannot* leave the country until you have your card or you'll have to start over. They no longer take appointments for this process. Depending on where you will do your exchange, it may be wise to hire someone (like Ivonne) to assist with this process as they will typically also get you a spot in line so you can just show up in the morning.
*Generally: It is technically possible to get permission to leave, but since in most places the cards are issued same or next day now, it would be just as easy to get the card.
@@mdrichards I appreciate that but can you answer my question simply. What is the shortest amount of time in which I can actually get the permanent residency in Mexico, and are there any requirements after that a certain number of days I need to be in Mexico per year etc. or no.
Thanks 🙏
I don't understand your question. If you're only going to be in Mexico six months you don't need residency. Mexico gives you 180 tourist visa.
@@mygypseasoul no I'm trying to get temporary or permanent residency status so that I can come and go in the future. So I guess there is no requirement that I stay a certain amount of time during the year in Mexico while they're processing my application? That is great everyone should be applying for this if all you have to pay a couple of hundred bucks.
Once you have your temporary or permanent residency card there are no time requirements to stay in Mexico. If you have a temporary you just have to go back to renew before it expires. Hope that helps.
why do they require you to make that much money for a permanent residency? That average American doesn't even make that much and also it doesn't even take half of the amount required to live comfortably in Mexico.
Guess they just want money.
@@FocusedFighter777 No they don’t want alot of Americans
@@ayuanabradford3206 Right, but maybe ; they will get more of the obnoxious ones now (not all of course) but in general, I observe the middle to low- middle income retirees as the ones who go to support the local economy, live with the people, rent modest homes/apts in Mexican neighborhoods, not hermetically sealed condos in gated communities; the ones who shop at local markets, etc. The ones who will be cut out now.
Yes lol 😂.. You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
@@scoobydadog246Yes i understand what u saying, but here is another opinion i have..
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at America.. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…
Does this work for Canadians
Yes! Just look up the consulates in your home country. Here's a directory: portales.sre.gob.mx/directorio/consulados-de-mexico-en-el-exterior
If they say $54k, does that mean your portfolio has to be $54k or higher every month, or do they take the average?
With the ups and downs of the stock market, we’ve had rather large swings.
My very limited understanding is you need that as a minimum balance.
For my process I had to show monthly statements, not yearly average.
Minimum, it needs to be constant.
Thank you both for your answers. Much appreciated.
You will need to check with the consulate - b/c some only accept cash savings - i.e what you have in an account that can be liquidated immediately like a savings account, not a portfolio, not investments.
I'm moving there but they want to be making like 5k a month and that's like America that's BS lol Mexico is cheap so 5k a month is RIDICULOUS lol.... I HAVE enough to pay rent and that's all that should matter 🥰
It is BULLSHIT for sure. Mexicans live on 10% of that value, seems like they want to KEEP OUT some americans and canadians, chopping off the golden gooses neck
You see what they are doing right… They want only rich Americans in their countries and not so much poor and middle class Americans. Why? It’s because look at American. High violence and thief and these are all in poor and middle class communities whether the rich don’t deal with these problems or issues regardless of race… all people that are high class are classy regardless of race. Anyways, so everyone want a cheaper rich life so they all go to Mexico because of youtube showing what you can get for dollars compare to pesos…and it drive up entitlement and trashy Americans and they have average incomes, but in Mexico they are rich… so what they are doing is making it higher for the average Americans so they can be price out of staying in Mexico and making it similar to the inequality in Mexico.. rich vs poor as it so obvious…unless you marry a Mexican which is still rare in some cases are have family link to the country your screwed…Luckily i married a Mexican and he live in a gated community already in Mexico because of his parents…I’m 1 in a million technically because I’m not Mexican and i don’t have to worry about income requirements. I do feel bad for others, but not so much as they are trying to not have many crazy Americans in their country…
@@ayuanabradford3206 You ALSO have to look at WHO is trying to move to Mexico. The SAME one's that are causing trouble, violence and stealing in America so they're now trying to move down there AFTER they see other's doing it.... That's the REAL problem and inflation don't help either 🙄
Como estas?