David Rodwell Posted January 9, 2022 Report Share Posted January 9, 2022 Hearing some rumbles about MX increasing savings requirements and monthly income requirements for temporal..etc. Apparently each Consulado or individual functionary has discretion to raise or lower the requirements. Have been unable to independently verify any of this. Anyone have an ear to the wall? Quote Link to comment Share on other sites More sharing options...
TelsZ4 Posted January 9, 2022 Report Share Posted January 9, 2022 Look on the Federal Government website it will give you the latest financial requirements . Quote Link to comment Share on other sites More sharing options...
RickS Posted January 9, 2022 Report Share Posted January 9, 2022 1 hour ago, David Rodwell said: Hearing some rumbles about MX increasing savings requirements and monthly income requirements for temporal..etc. Apparently each Consulado or individual functionary has discretion to raise or lower the requirements. Have been unable to independently verify any of this. Anyone have an ear to the wall? I have certainly heard that, in the past, different Mexican Consulates in the US have had (slightly?) different 'financial' requirements leading to Temporal and/or Permanente. Quote Link to comment Share on other sites More sharing options...
bmh Posted January 9, 2022 Report Share Posted January 9, 2022 Well since the income requirement is tied to the minimum.wage and that the minimum wage went up 22% I would think the requirement went up as well. It just would make sense. 2 Quote Link to comment Share on other sites More sharing options...
sm1mex Posted January 9, 2022 Report Share Posted January 9, 2022 More Requirements less retired ex pats less revenue for Mx businesses. Makes sense??? 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted January 9, 2022 Report Share Posted January 9, 2022 More retired ex pats with less revenue doesn’t make sense either. 4 2 Quote Link to comment Share on other sites More sharing options...
bmh Posted January 9, 2022 Report Share Posted January 9, 2022 Expats without money does not help Mexico. I if you are broke stay in your country where there is more of a safety net 2 2 Quote Link to comment Share on other sites More sharing options...
techy1 Posted January 9, 2022 Report Share Posted January 9, 2022 2 hours ago, David Rodwell said: Hearing some rumbles about MX increasing savings requirements and monthly income requirements for temporal..etc. Apparently each Consulado or individual functionary has discretion to raise or lower the requirements. Have been unable to independently verify any of this. Anyone have an ear to the wall? === Temporary Residency: Monthly income of c.US$2,400-$2700 over the last 6 months (some consulates request 12 months); or savings balance of c.US$45,000 over the last 12 months. Permanent Residency: Monthly income of c.US$4,300-$4500 over the last 6 months (some consulates request 12 months); or savings balance of c.US$180,000 over the last 12 months. === See https://www.mexperience.com/financial-criteria-for-residency-in-mexico/ 1 1 Quote Link to comment Share on other sites More sharing options...
sm1mex Posted January 9, 2022 Report Share Posted January 9, 2022 Many don’t have that. Perhaps an alternative Costa Rica or Panama for ex pats to spend their money with realtors and businesses. Quote Link to comment Share on other sites More sharing options...
RickS Posted January 9, 2022 Report Share Posted January 9, 2022 31 minutes ago, sm1mex said: Many don’t have that. Yes, but that sounds like a personal problem and not a Mexican government problem. Last time I heard the cost of moving/living in either Panama or Costa Rica was escalating. 1 2 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted January 9, 2022 Report Share Posted January 9, 2022 Even in expensive Lakeside one can live very well on those numbers. 1 Quote Link to comment Share on other sites More sharing options...
daisy2013 Posted January 9, 2022 Report Share Posted January 9, 2022 I guess which visa you want is getting more expensive Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted January 9, 2022 Report Share Posted January 9, 2022 Just wade across the Rio Grande and claim refugee status. If pressed tell the Mexican border guards that you lived in Chicago and feared for your life.... 2 2 Quote Link to comment Share on other sites More sharing options...
barrbower Posted January 10, 2022 Report Share Posted January 10, 2022 The last time I looked at the Mexican Embassy website you could use monthly income or savings on deposit for the previous year or a combination of the two. That is where it can become a gray area and much will depend on the individual doing the interview. Numbers for a married couple vary as well. But I would think that most folks considering moving to ANY other country should have savings and some retirement income to meet the criteria. If not then you couldn't afford to retire in the US either. Better just keep working. We sold our house and came down on tourist visas several times long before SSI was available to us. After a little over a year, the proceeds from the house sale more than made us eligible and we got Permanente visas on our last trip up as returning tourists. Once we started getting SSI, we stopped living off savings, bought a house, and live quite comfortably on less than our social security. We could never have done that anywhere in the states that we would have liked living in as retirees. Alan 2 Quote Link to comment Share on other sites More sharing options...
David Rodwell Posted January 10, 2022 Author Report Share Posted January 10, 2022 7 hours ago, techy1 said: === Temporary Residency: Monthly income of c.US$2,400-$2700 over the last 6 months (some consulates request 12 months); or savings balance of c.US$45,000 over the last 12 months. Permanent Residency: Monthly income of c.US$4,300-$4500 over the last 6 months (some consulates request 12 months); or savings balance of c.US$180,000 over the last 12 months. === See https://www.mexperience.com/financial-criteria-for-residency-in-mexico/ That basically means to get temporal or permanente one needs to earn more than vast vast majority of Mexicans…curious! 1 1 Quote Link to comment Share on other sites More sharing options...
Jreboll Posted January 10, 2022 Report Share Posted January 10, 2022 Mexicans can live much cheaper than you can. 1 Quote Link to comment Share on other sites More sharing options...
bobby brown Posted January 10, 2022 Report Share Posted January 10, 2022 7 hours ago, techy1 said: === Temporary Residency: Monthly income of c.US$2,400-$2700 over the last 6 months (some consulates request 12 months); or savings balance of c.US$45,000 over the last 12 months. Permanent Residency: Monthly income of c.US$4,300-$4500 over the last 6 months (some consulates request 12 months); or savings balance of c.US$180,000 over the last 12 months. === See https://www.mexperience.com/financial-criteria-for-residency-in-mexico/ That sounds like a lot of money to lower your standard of living in Mexico--It seems to me it would be better to move to a state in the US where living is cheaper-- Quote Link to comment Share on other sites More sharing options...
bobby brown Posted January 10, 2022 Report Share Posted January 10, 2022 2 hours ago, HoneyBee said: Just wade across the Rio Grande and claim refugee status. If pressed tell the Mexican border guards that you lived in Chicago and feared for your life.... I think you might be on to something--that was my first impression--to keep the north from flooding into Mexico --I immigrated to Mexico for more freedom and a lower cost of living on a retirement income-- Quote Link to comment Share on other sites More sharing options...
bobby brown Posted January 10, 2022 Report Share Posted January 10, 2022 18 minutes ago, David Rodwell said: That basically means to get temporal or permanente one needs to earn more than vast vast majority of Mexicans…curious! Or Americans for that matter in the high tax states---HA Quote Link to comment Share on other sites More sharing options...
bobby brown Posted January 10, 2022 Report Share Posted January 10, 2022 15 minutes ago, Jreboll said: Mexicans can live much cheaper than you can. YUP--a spartan life style-- Quote Link to comment Share on other sites More sharing options...
TelsZ4 Posted January 10, 2022 Report Share Posted January 10, 2022 This town is becoming full of economic refugees from the US. 3 2 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted January 10, 2022 Report Share Posted January 10, 2022 They could sure find cheaper places than this one. This town is more full of Tapatios than anyone now. Check out Tango on the weekends if you doubt this. Quote Link to comment Share on other sites More sharing options...
vetteforron Posted January 10, 2022 Report Share Posted January 10, 2022 Puerto Peñasco, San Carlos, and other areas are no hassle zones. No time change, car plates, visa status not important. Less traffic. 4 hours to the border for real tacos from Taco Bell. 2 1 Quote Link to comment Share on other sites More sharing options...
pappysmarket Posted January 10, 2022 Report Share Posted January 10, 2022 Another big change is the tourist visa, used to give everyone 180 days just for asking. Some YouTube videos are reporting that INM is asking for proof of hotel reservations and then granting the visa for only that number of days. I imagine many folks will then just take a chance and "lose" their visa or just overstay and accept whatever the consequences are if caught. Quote Link to comment Share on other sites More sharing options...
Natasha Posted January 10, 2022 Report Share Posted January 10, 2022 20 hours ago, sm1mex said: More Requirements less retired ex pats less revenue for Mx businesses. Makes sense??? Assuming (sorry if wrong) you're American. Do you have even the faintest idea how difficult it is for a person (NOT including illegal immigrants) with education, stability, some funds, etc. to move to the U.S.? Check it out. DRACONIAN. Quote Link to comment Share on other sites More sharing options...
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