Applying for Residency at a Mexican Consulate (Economic Solvency)
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- čas přidán 3. 08. 2024
- In this video, I discuss the requirements to qualify for temporary or permanent residency in Mexico under the visa classification of "economic solvency." I touch on how to make an appointment at a consulate and what additional documentation you will need to bring to your appointment.
Part Two of the Residency Process
• Video
Apostilles
• A Look at Apostilles a...
Visa Application Form
consulmex.sre.gob.mx/lasvegas...
MiConsulado Portal
citas.sre.gob.mx/
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
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DISCLAIMER: I am not a lawyer, real estate professional, immigration specialist, import broker, financial advisor, major league umpire or astronaut. The information provided in my videos is based on my own experiences and/or research and is not intended to serve as professional advice. I make no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of said information. In other words, take some responsibility for your own life choices and conduct your own research before making important decisions.
CHAPTERS
0:00 Introduction
0:51 Financial Requirements
7:40 Appointments and Paperwork
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide bit.ly/3SICdD0
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Just a quick tip for those thinking about applying for residency. As of now, foreign consulates base their financial solvency requirements on multiples of the “Daily minimum wage” (MW) in Mexico. The formulas don’t change, so when the MW increases, the financial solvency requirements also increase. MW is currently $172.87 mxn and this reflects an increase of 22% from 2021. I can only imagine, with the inflation this year, that in January 2023 the MW will have another sizable increase and the required $ amount will jump (out of reach for many). If someone is currently just over the $ amount required, it might make sense to apply and qualify now, before the next big increase.
Great tip, WiseOwl.
I heard from a lawyer they are expecting 20% increase to the requirements on Jan 1, 2023.
My husband and are so thankful that we were approved in 2021 and have been extended as temporary residents for the next 3 years. In 2025 we will become permanent residents!
Do you live there most of the year
Can you adopt adult children(child at heart) and extend residency to your new adopted family member?
@@thinkcasting3182 lol
Congratulations, AJ! It sounds like you got a 3 year extension all at once? I'd love to know how since I just got my temporary resident visa. Thanks!
@@thinkcasting3182 Are you wanting someone to adopt you?
Thank you for another great video. Always helpful.
Thanks Paul for this detailed but also straight forward video. I'm happy for all the applicants who meet the requirements and succeed in obtaining their Mexican residency 🤗
This is GOLD, Paul, thank you very much!
Glad it was helpful!
Good thing you did this video and good thing I watched it, we just did pictures for our Temporary visa and of course went to the walmart and got USA sized passport pictures. Thanks Paul, your information matters, a LOT!
Thanks so much for taking the time and effort to provide this valuable information.
Thank you so much. :)
Was at the Mexican Consulate in Tucson, Arizona yesterday. This information is spot on. Income requirements are different for the reasons he mentioned.
Very helpful. Thanks, Paul. I'm considering moving to Mexico the summer of 2023. I will be first staying in PVR for a 2 month trial. I was there last year and loved it.
The Tucson (Arizona) Consulate denied my Temporary Residency last year because I did not have a monthly pension/social security deposit even though my bank statements exceeded the monthly monetary requirements. They insisted my income had to be either from a pension or social security. I returned numerous times, talked to a few different people and got the same answer. Since then I have met quite a few people who have had the same issue at this Consulate - some are small businesses owners like myself and some are employees with a regular paycheck. So definitely check with the individual Consulate as you've stated. Great informative videos.
Thanks for sharing your experience with that particular consulate.
Super concise & vital information on expectations thank you
Thanks, Connie. I'm glad you found it useful. :)
Great information as always
Wow! This was a huge help as I was just wanting to begin the permanent residency process but could not find the category VISA on the online consulate site. This is a great help. Thanks.
It is normally listed as the plain old Temporary Residency Visa. The others will be specified (Family Reunion, Student etc).
Perfect. Great information. Based on the information I'll qualify. Thank you.
Thank you so much, great information and answered many of my preliminary questions I had.
Glad it was helpful!
Well done, as usual!
You're amazing, Paul!!
Thanks, Mojave.
Awesome as always
Hi Paul; Thanks for your Videos, however I just went through the Process a few months back so it is extremely fresh in my mind. When You go to the Mexican Consulate in the US, they do take the regular size Passport Photo ( Don't even know if You can get an Infantile size Photo in the States), also only had the copy of the Information Page of my Passport not the Last Page or copies of any of the other Coutry Visas Pages. I know that Consulates throughout the US and possibly the World have different requirements, however this was my Experience. Thanks Again
Thanks for sharing, Tom. You're right, they all differ a bit in what they want.
Thank you so much for providing answers to my questions: What if I fall in love with Mexico this summer? What woud it take to live there? Gracias😄
I'll keep taking your Spanish classes and listening to all your excellent information about living in Mexico.
Thanks for the video it explains everything perfectly
Thank you Paul‼️
I watched the video again and got the Mi Cocsulado phone number. I will try that. Thanks again.
I’m going to move to Mexico soon and I will definitely look into this as I will need some help
You can find lower economic requirements if you shop around a bit. I discuss that in this video: czcams.com/video/DOHYQRrF_FE/video.html
My friend got permanent in Mexico. Show $125,000 in bank, show she had her own home. That was it. No other proof. No consulate in US she did it in Mexico. Highly advise find an expoditer there. These are people that fast track paperwork, through insiders. FOR A FEE
@@jjohnson8977 i guess she was there on a tourist visa to start? I’ve heard since i traveled there in Jan 19 and again in Sept 20 i could go on a tourist visa let it expire then get residency. I hired Mexican consulting service they haven’t been much help and insisting i must go to consulate that’s near my drivers license but I’m now a nomad and closer to a different one.
I did Permanent 5 years ago when I was 48 years old, when asked what I was going to do in Mexico...I said retire...Calgary consulate interviewer had no problem with that. My Lady is almost done with the process all these years later and she easily qualified for permanent on her own and they would only give her Temp, cited the reason as "she was too young to retire at 51"...The thing that is always consistent is the inconsistency ...haha
Yeah I was just denied permanent. The rep asked me if I was retired yet...."Um, in two months I will be." That wasn't enough.
Consulate in Vancouver, Canada is awesome. They answer emails promptly and the process is surprisingly easier than a lot of the comments I’ve heard of elsewhere. Got our visas the same day as our interview. It is my understanding that there is no shopping around in Canada as the economic solvency requirements are the same everywhere.
Thanks for sharing that info, Kona.
It was very smooth in Montréal, too. And I'm a US citizen. Very smooth. I still had to go back for a follow up appointment, but the consulate was working with me, not against me, not hung up on bureaucracy.
@Vadim Melcov permanent
@Vadim Melcov Permanent
@Vadim Melcov don’t kno what the exact status is now. As of about a month ago friends of ours got their residencies. Good luck.
Thank you ! I am moving to Mexico by Jan 1st 2023.
My GF and I as retirees applied for Permanent Residency at our local Mexican consulate - we skipped the Temp Residency step. It was pretty straightforward except for getting an appointment as Paul notes, ie it took a few calls. Completing the PR process once we got to Mexico was much more complicated and everything is in Spanish naturally. We hired a Mexican immigration consultant to help us on the Mexican end - money well spent and highly recommend doing this!
Thanks for sharing your experience. I'm glad to hear that it all worked out. I always recommend that that people hire someone to help them with the second part of the process. It just makes life much easier. Take care.
Can you share your mexican immirgation consutlation contact information?
@samp Sure thing! Company is called Mexlaw - located in Playa del Carmen. They were super helpful. They can also help with real estate trusts and other legal things that can be unfamiliar for us newcomers to Mexico.
Joseph Kay…My wife and I are retirees and have spent enough winters in Mexico to think about permanent residency. To apply, do you have to have a Mexican permanent address?
@@PamOBryan-fj1dt Hi Pam, you don't need a Mexican address to apply, but they did want an address for us once we completed our permanent residency process. We just used the address of the law firm we used in Mexico. The law office said this was a common practice. Hope that helps!
Recent Xpat here in Mexico. Baja California. Have large channel as well.
Thanks for sharing
Good stuff.....thanks
Thank you so much
All good info, but you left out maybe a very critical point. When I got my permanent residency visa out of the Los Angeles Consulate four years ago the solvency requirements for retirees were half the numbers you are quoting for 2022. The numbers go up every year. If you are considering residency it would behoove you to do this sooner than later. I am so, so glad to have that behind me.
True. Good tip.
Thank you. I wish you had made this before the second part. I have been struggling getting an appointment in Southern CA.
Getting an appointment can be challenging.
Qroo, I have become a subscriber, avid watcher and an avid thumbs-up guy to your videos. You do a fabulous job!
I know you mentioned this in this video (after watching a 2nd time), but I missed it in the first go-around. I missed the part about having to officially be "retired" in order to qualify for permanent residency. I guess I might have been drinking some when I watched this video!! But, for the benefit of those who might have also been drinking wine, you have to show that you have a retirement/pension income to qualify for permanent residency. Otherwise, temp residency is your only option.
Haha, thanks for taking the time to point that out to folks like me who enjoy adult beverages while we watch CZcams videos.
Thank you informative
I was told today at the Santa Ana Consulate that they are only accepting retired people for permanent residency. No more temporary visas due to so many gringos being able to work remotely. They said check back in a year.
We obtained our permanent residency visas last year and I think the best advice is to follow the instructions on the forms from the consulate TO THE LETTER. Whatever they ask for have it for them and fill out the form(s) completely and accurately. For example we provided the small sized photos though they didn't use them and took their own photos, we provided a year of monthly financial statements plus, as requested, duplicate photo copies and all they looked at were the original quarterly summaries but for sure if we didn't have every single item on their list we'd have been sent away without our residency visas. Our closest consulate has a reputation for being picky but we were approved for permanent residency there without them asking us a single question and we left that day with the visas in our passports. We were as shocked as any of our back-in-Mexico expat friends were and I can only assume it's because we'd handed over every tiny bit of information they'd asked for. It pays to be thorough.
Thanks for sharing your experience. Great advice.
For me (married to a mexicana) no financial requirements were needed. The consulate in Frankfurt (Germany) was super helpful. They answer the phone, respond to your emails etc. After entering into mexico my wife and me had to go to the local migration office (INM) to apply for the residency. I got one for one year. After one year it was renewed for another year. After that they told me that next year I would get the permanent - keep fingers crossed.
Again Paul: super usefull video. I recommended your channel in german groups.
Thanks for sharing your experience and recommending the channel to others. Since there are different tracks to obtaining residency, I plan on doing separate videos explaining the more common ones, like marrying a Mexican citizen. That's the plan anyway. It all comes down to fining the time to get it done. Take care.
@@qroo thanks Paul - again, for all these qustions of how to live in mexico, your channel is the best.
I also have some information about obtaining ejido land. By the law it is not possible. But in the end it is done. I am in contact with a mexican notary about this matter. I will keep you informed of the process.
I don’t understand how is this possible? Like why does it say family unit residency visa-$1096?
@@ayuanabradford3206 I think what is meant here is family reunification. Meaning that when you are married authorities want it to make possible that you can live together. There are different charges. Paul was talking about the charges of the INM in Mexico. You mentioned charges for the VISA - that you have to pay to the consulate
@@markustilgner Ohhh. Thank you for clearing this up. As this make a lot more sense.
Good video, as usual. Thanks. It would be nice to see a video on CCRCs (Continuing Care Residential Centers) in México. People come here from the US and Canada to retire, but then experience the infirmities that often come with advanced age. What are they to do? Go back to their home countries? Or are there high-end options for them in México that are near great medical care, offer memory care, assisted living, skilled nursing, etc? It would be nice to see your take on this. A Google search is surprisingly incomplete. Thanks again.
I agree completely ! A video is needed badly on this topic.
It varies more than you state. I qualified recently with $1,700.00 monthly SS. You can also come to Mexico with a tourist visa, let it expire & apply for temporary residency at a Mexican consulate in Mexico no income is required. I just helped someone get this 4 year temporary resident visa, she did not have to show income. It was approved and received her resident card. This is a fairly new regulation. You should include this, it was very easy.
.
I wonder about this too, why do you need to go straight for a Temp Residency when you can live on a tourist Visa then apply for residency? We wanted to live in AirBB or a few months to see if we like it enough to go thru all the TEmp residency requirements.
There is an amnesty program for folks with an expired tourist visa but they have to show one other visit to Mexico between 2015-2020. Why the two visit rule? Beats me. Mexico is odd. Also, the stipulations of this "deal" seem to vary by INM office. If you have an expired FMM, it might be worth it to try.
Which Consulate did you go to that accepted $1,700. The lowest one I found was New Orleans at about $2,100.
This was the route through which I received my four-year temporary residency in Mexico City. It was an approximate 90 day wait to do the paperwork, during which I was still in the country illegally. I was in and out of the office in oh, three hours or so with my residency card. The total cost for INM fees was about 14,000 pesos and another 5500-5700 pesos for the consultant. As far as I know this alternative is still available but nonetheless risky for obvious reasons
Awesome 👍
Hasta Luego!
Excelente!!!
Thanks, Becky. Good to see you. :)
My husband and I applied for permanent residency at the Denver consulate in May 2020, immediately granted. Travelled to PV in October 2020 to complete process. Took two weeks. Bring bank statements with 6 digit balances. Done.
Love how you explain things, you're so helpful! Will you and Linda be doing more travel videos? I love seeing what the two of you think about an area. There is one little error where you mentioned $4,300 dollars after the graphic showing $43,000.
Thanks for letting me know that. I missed that in editing....argghhhhh.
@@qroo We knew what you meant because of the graphics you provided. No one’s perfect. Thanks Paul!😅
Ah, I forgot to reply to travel videos. We are not particularly good at those but we may do one in August. :)
Hola mis amigos 👋👋
In Canada London Drugs is the same for photos we told them what it was for they had all the specs
Not a problem 🙂
Thanks for sharing your knowledge Paul ✌️
Thanks for sharing that info. Take care, guys.
Staples also does the photos
Yeah I just moved here in Rosarito Mexico a year ago and didn't do any of that. I'm gonna try to get residency.... But I'm here now ain't nothing changing that.... Docs, money or anything else.
McAllen TX only does Temp and only requires $1728.00. But send them an email and double check. I got mine in May 22.
That is much lower than the others. Thanks for the info, Dave. Do they take people who reside in other areas of the U.S.? Some of the consulates are area specific.
And per their website, only $2590 monthly is required for permanent residency, but it states that this must be from Social Security. They might be the only consulate that use UMA instead of “Daily Minimum wage” to compute the total required.
@@qroo They do take people from anywhere in the US for residency interviews (unlike many other consulates). When I heard from them about a week ago, they had a few appointments about 4 weeks out, more about 6 weeks out. You must contact them through their email and that is how scheduling is done.
@Evral Tatum-Mcfield Evral, I live in LA and since I live in CA there is a supposed stipulation that I had to apply for a Visa at a Consulate in my county. I couldn't meet the requirements of close to $3000 in LA, but I qualified at the Consulate in Riverside and in Oxnard but they told me I couldn't apply there. I got an appointment in McAllen last month with just a text. They don't have any restrictions on your US address. Email them with some of your basic info. name, age, address, phone and email, etc. and that you would like to apply for a Temporary Residence Visa. They will send you back their financial requirements and some dates to choose from. They specifically require your "Original Social Security Benefit Letter" showing a continuous income meeting their requirements. If you've got that you are good to go. I now have less than 5 months to get out of Dodge. Good Luck! I'll buy you a taco!
I used the San Diego number for my appointment. Incredibly helpful and highly recommended. One thing -the agent was adamant on me writing down the portfolio number. He was able to answers the many questions I had and offered many helpful suggestions. When I arrived at consulate the portfolio number was the first thing that was asked for before I was allowed to proceed with my appointment.
Thanks for sharing that info, Laura. :)
What do you mean by portfolio number?
@@travisabroad It is the code or number that the system uses to schedule the appointment. If I recall correctly it is the date, time, and your CURP.
Thank you for the videos. You are the best of many with practical useful information. Question : we have an appointment for the Vancouver Canada Consulate to apply for permanent visas.
Your info about driving a foreign plated car was concerning as a permanent resident. If we plan to drive our Canadian car to Mexico every winter and return in the spring, should we only apply for temporary residency? We have a Mexican plated car in San Miguel but we are having difficulty in renewing our Plates.
Hey we are a retired couple from Canada. We naively assumed that as a couple our joint pension incomes would qualify for permanent residency. Or alternatively the value of our house. The answer was very quick from the Vancouver consulate. - no! So we are considering temporary residency.
We had no issue with the miconsulado portal and were surprised how fast we got the appointment. Next month ( February) .
That is a fast appointment. Good luck! :)
Thanks for the information. I have wondered for some time what those requirements are. At least I know now I don't qualify.
Don't give up yet. The consulates are not consistent. Check out this video: czcams.com/video/DOHYQRrF_FE/video.html
@@qroo I watched the video from that link. I live in Denver. If I sold my house, and I am assuming that unless I were going to rent it for income, that would be the most cost effective approach. Idont know how much cash I'd need in the bank but the equity from the sale of my house would be significant. My husband and I collect Social Security but our income from that source is inadequate. I am still employed and with that income along with SS we are in like flint. I already work remotely, however I'm not sure if that's possible with my current employer. I'm 72 and was planning on retiring in 5 years. I'm just looking at making things easier for us to live with less expenses. I can see that I have several options after thinking it over. Thanks very much for your information.
Thank you Qroo Paul for your informative videos. My question is the process to become a mexican citizen when one of your parents was born in Mexico and became a naturalized USA citizen and is no longer living? Is there a website to find out my answer? I hope to hear from you soon. Thank you in advance.
Thank you for all the information. Can you show the documents that you have to print and fill in when you are going for a permanent residency in Mexico. So from temporary to permanent. Thank you
Hi Paul, a very straightforward and informative video as usual. I did have one question though, whether it's providing proof of the $2,500 or $4,300 per month requirement, is this based on gross or net income?
Normally net. They are asking for bank statements to show the income deposits.
If you have a business bank account and you are a single member LLC, do you happen to know if that’s sufficient as far as providing income verification?
Thanks Paul. I was wondering if this will work for people like myself who are looking to move to Mexico very soon but are not presently living in Mexico.
I did everything correct and almost screwed up at the Mexico City airport when I entered to complete the process when I automatically jumped in the tourist line.Got a couple obligatory "aye yai yais" as I worked my way into the proper line.
We just got our approval for Temporary residency from our local consulate. For those with children 18+ that don't make that much in a month, our consulate told us to either put their name on our account or open an account for them and make deposits every month of $2,500 for 6 months.
That is an odd work around, but I am glad it worked out. Thanks for sharing that info. :)
Thanks for all the information. Very helpful. So to clarify, once you are at the end of the 4th temporary resident visa, there is no financial or employment criteria to transition to a permanent visa even if you are a young person?
Paul, does the copies of passport have to be color or black/white? This video is VERY HELPFUL! Yes, we did photos at Walgreens too and they took care of all requirements...
Black and white is fine.
You must visit the embassy closest to the address on your ID. We waited for 2 hours in Santa Ana CA but were rejected because our ID had Los Angeles address.
Sorry to hear that. Some have that requirements and some don't. There is no consistency when it comes to how the Mexican consulates do business.
I know of many Americans, and even Canadians, that have obtained their Mexican residency visas at the Las Vegas Nevada consulate. It seems to be a regular thing if you are already in Mexico to fly to Las Vegas for a few days for the consulate interview. All those that went there that I know of received their visas with no questions about that being the closest consulate to their ID address. As Sensato Living commented "The thing that is always consistent is the inconsistency"
The consulate in McAllen, TX has no such requirement. They will take you regardless of your home address.
Wow 😯 is very complicated
I use two words to describe most Mexican government procedures: unnecessarily arduous. ;)
@@qroo that also sounds like the philippines government.
Great video. When filling out the visa application, should I put my American address or Mexico Address?
It really doesn't matter; however, if you have residency, we normally recommend the Mexican one.
Hi t try here I’ve been working with Mexican immigration Consulting Services and was told routinely to email all copies first to Dallas Consulate. Had some bank glitches had to start over. I’ve moved and now will be working with Houston so i guess calling is the best bet and see if i need to email all those docs or if i can just get an appointment. Thank you!!
Hi Paul
I had one minor error on my form for the Consulate in San Diego. In the field "Point of Entry", they wanted the name of the city I would enter (in my case Tijuana) and not the name of the border crossing. The agent corrected my form with white-out. Also note that you can NOT redact (block out) the account numbers on your bank statements. I had done so, but luckily I also had an un-redacted copy with me that she accepted. If you go to the San Diego Consulate, go to the metal gate door on the street entrance and if needed wait for the guard to return and tell him why you are there. Then wait for them to call you in. I did not need to speak Spanish. And you cannot use your phone inside. But having its translate app ready is a good idea.
Hola, good day to you excellent video on temporary and permanent residency. I have enjoyed your other videos on RFC and CURP as well as your other videos on temporary and permanent residency. I do have a question on the economic solvency that you mentioned today, we have owned a condo here in Mexico for sometime. Could we also use the value of that condo as part of our economic solvency. God bless, be happy
Hi DM. There is way to qualify for temporary residency based on owning real estate in Mexico. The real estate must be valued at 40,000 times the minimum wage in Mexico City. 172.87 X 40,000= $6,914,800 pesos, or approximately $345,740 USD.
I like the shirt !
Thank you so much for doing this research 😎. I am wondering what will be my best option, since my Mother was Born In Mexico 🇲🇽. Will it be better to try for dual citizenship for me?
My Mother hasn’t lived there since she was 17 years old, and she is now 83.
Mexico is the new exico
Do you know which consulates in the US DON'T have an age requirement for the permanent residency option if one says they're retired? I have the savings but I'm only 33.... I don't have a full time job at this time and everything I do is online
Hola Paul & Linda! Love your channel. Question. I have been in Baja as a perpetual tourist for many years living with a Mexican family. Practically adopted. I am applying for my temporary residence permit. Along with my financial docs, would a reference letter of Character from the Family help? We have known each other for over 20 years and I really am a good 61 year old California girl!
Awesome video~ This info. is so helpful, thanks, Paul! I read online that only some consulates allow IRA statements, and unfortunately, all of my retirement savings is in IRAs, as I've been self-employed for some time. Do you know if there's any way to find out which consulates allow IRA savings documentation? Thank you!
Hi Betsy. You never really know until you go to the appointment. Some consulates will have you email financials in before the appointment, and you could know that way. IRAs are generally viewed like any other investment or savings account. Both are lumped together and have the same financial thresholds. If your IRA meets that threshold, you should not have a problem.
@@qroo thanks so much, Paul! 🙏
FYI, Paul, they said my larger IRA (which met the permanent resident visa financial threshold) could not be counted because they said it wasn't "liquid." Not liquid because it's in stocks and is an IRA. Although of course I can liquidate it at any time since I am of retirement age. They did allow for my smaller IRA, which thankfully is in a (cash) money market account, to qualify me for the temporary resident visa. I thought that was quite a technicality but I'm grateful to have received the temporary visa.
Another great video. I applied for Permanent Residency at the Washington DC consulate. I met the financial requirements (investments/savings), but the agent said I either needed to be 62 years old, or have something saying that I am officially retired (or draw a pension). Since I am younger than 62 and don't have a pension, I had to get a temporal.
How did you get your appointment Scott?
@@darrylguinyard9241 In DC, I scheduled it online. In Chapala, I just went to the INM office. There were two people ahead of me. Very easy. There are lots of comments on FB about hiring a facilitator to help you, but I did not find it necessary.
Did you have to speak Spanish at the DC consulate?
@@JourneysTravels no. The agent spoke very good English
scott, was the only reason that a permanent visa was denied was because you were less than 62? Once denied, did you fill-up the temporary resident visa application right there? and how long was your temporary residence for?
Thanks for the video. Can I apply for temporary residence permit of Mexico after I entered Mexico by Schengen visa?
This is interesting because I have an aunt who moved there on a $1,200 a month social security income. $1,200 a month is actually a high income for Mexico.
It took me about two months to get my appointment at the Oxnard, CA. consulate. I emailed them on June 4. They didn’t respond Until approximately July1 and told me they were reviewing my information. Received a response on July 22 And Then confirmed my appointment for Jul 28. It’s interesting though your instruction say the photo shouldn’t be passport size. On the instructions I received from the Oxnard consulate here is a copy and paste from step 4:
4. One passport size picture front view with white background (recent and without glasses).
Do you still need to maintain a legal address in states, healthcare, and pay taxes and vote?
This was excellent
Thank you
You do not have to maintain an address in the U.S.; however, many expats do for banking purposes. That "address" is often just a relative's house though.
Great information! May a person place 24k usd in proper Mexican bank first and each year to show economic solvency rather than the incremental requirements? Reply appreciated. Thank you!
Unless you wanna do like lots of us citizens do in Tijuana that I know
They come across the border, no questions ask, they do have a passport for the most part, they find an apartment or a roommate and they come and go as they please especially if they drive.
They can't go pass the checkpoints without paperwork but they can travel the whole Baja peninsula freely wether they are financially able to stay (people I know don't collect more than 2000 bucks a month)
Ofcorse that's the reason they come to Mexico where their dollar has more value than in the US. Locals are struggling for housing they can afford but landlords are charging in dollars cus they make more profits
Great video. Thank you. I’m retired and purchased a condo in CDMX. I live a month there and then a month back in Atlanta. More or less. I don’t work anywhere, in Mexico or Atlanta. I live on my investments. I tried to make an appointment at the Consul here in Atlanta online and got nowhere. It kept returning to beginning page. What do you suggest? Will it help if I decide to sell my condo in CDMX? Or buy another depa? Thank you
The total amount depends on the country you are from. I applied in the Netherlands and the requirement was 75.000 EUR. I applied for permanent residency, but they gave me temporary only. So bit a bummer.
Paul, thanks for sharing your knowledge in this process. I have 2 questions: What payment methods are accepted for the $48 Fee at the Mexican Consulate? Also, if an applicant is approved for Permenant Residency, would the spouse also get his/her Permenant Residency when a Family Unification is processed in Mexico at a later date? Thanks
The payment can be made with a credit card. The spouse will normally get a residency visa at the same time at the consulate. If the person is denied for some reason, the other option is to file for it in Mexico at INM at a later date.
Hi Paul, Hi Linda ! Here is a question for you that I have not seen anyone answer as of yet. Can you get you TR or PR in Mexico through your spouse that is already a PR without having to go through a US Consulate? The backlog now in the US is outrageous and I cannot get an appointment to even submit documentation to begin the process. So can I just go to Mexico and hire someone to help us get through the process as my wife has her PR already? Do a video on this if possible please! Thanks and see you at LOL HA!
Do you know when the next minimum wage increase will hit the economic solvency calculation?
If it goes up 10-20% (in line with the last several years), the 2023 economic solvency requirement would be 2,700-3,000/month. If I understand that correctly, some people might want to apply sooner rather than later.
What about combination income? I have SSD and alimony. This combination is well above the income requirements.
Hi Paul, Does a person need to stop working in their current country to be approved for temporary residency or can you be granted temp residency while continuing to both not live and work work in mexico? The point of this would be to start the clock to permanent residency with a plan to retire in 4 years.
I got 12 years to go for SSN and make a move.
What about bringing your child who is not a dependent? For the purposes of residency, can you add them as a dependent as you might do so with a spouse? Thanks!
If you are an early retiree, watch out. Some consulates will still insist that you show Social Security income or demand some kind of proof that you are retired. Find another consulate.
That’s for permanent residency, not temporary.
@@WiseOwl-1 nope, temporary too.
@@dougmaus4468 Where? I’ll call and check.
What about your annual Social Security statement that shows the benefit you will receive in the future when you are eligible to claim it? So, even if you are not retired yet, the SSA says you will have that income when you retire.
@@FLANNELSHIRT Interesting idea, but I suspect the consulate is looking for current income (or past, actually) not future. Might help if you're close to age 62
THANK ALOT
Great video! I have heard that if a wife gets residency as a dependent of her husband (or vise versa) and the husband dies, the wife has to either have the required amount of income to get residency of her own and if not, loses her family unity residency and has to leave Mexico. Do you know if that is the case?
Thanks for the information. However, I noted two differences between your explanation and the webpage of the local consul in Madrid (we are Spanish and American) 1) they only give us one month to arrive in Mexico once the visa is granted then six months to finish. 2) the income requirement must be met by a state pension rather than earned or investment income. Can you clarify this? Their page may be wrong in practice.
Thanks for sharing your experience. It is actually written in the Mexican immigration regulations that you have 180 days to get to Mexico, and once you arrive, only 30 days to check in with INM to complete the process. The person at the consulate must have mixed those two up. As far as the pension is concerned, yes. That falls under the "income". It can be from work, pensions, business, rentals...etc. Any type of income.
Have you made a video on what service you use to transfer money from us bank to mexican bank?
I mention the service in a few videos. I use Wise: wise.com/
Thanks Paul, I have watched all your content on CZcams, its first rate.
I have to admit that the requirements for a temporary visa doesn’t make sense to me unless I have missed something?
It suggests that a person could have a minimum wage job, work a few hours overtime per month to get to the $2500.00/month threshold to meet the requirements for a temporary visa, move to Mexico with no savings and no income once in Mexico?
That sort of thing does happen; however, the consulate does not rely solely on the bank accounts. If your income is originating from working at a McDonald's in Seattle, the consulate officer will likely flag that as not a sustainable source of income if you are living in Mexico.
We know quite a few folks who qualified with a existing employment in the States. They all have income sources that are sustainable while living abroad. Examples: one works two weeks a month on oil rigs in the Gulf of Mexico; one owns a daycare center in the U.S. that is fully staffed so she can work remotely; one is a flight attendant; and the majority work online in some capacity.
Do you have any information about the consulate in Nogales AZ? Has anyone gotten their Temp or Perm in Nogales SON?
Hi Paul! When submitting these forms, specifically financial information, should you redact account numbers, since we don’t know who will have this information? Thanks for this great information!
Most consulates will not accept them with redacted information. I know. Stressful, right? You could always try though. Bring two copies, one redacted and one not. :)
@@qroo I’ll try that. Thanks again!
Account numbers are pretty public. Your debit card may have this number on it. The account number by itself is not very dangerous.
@@DrJohnnyJ Your personal checks have your account number on them.