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HUGE Changes today to Mexican immigration law

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HUGE Changes today to Mexican immigration law

Post by Intercasa on Fri Oct 10, 2014 9:35 am

HUGE Changes today to Mexican immigration law

These changes apply to visas issued at Mexican consulates outside Mexico.  I am assuming that there will be a publication soon applicable to people renewing within Mexico to harmonize the new lower financial requirements.

Reduced income requirements for temporary residence, new income / asset requirements:


Balances in bank 5,000 days minimum wage (67.29 pesos) $336,450 pesos or $25,164US
Monthly income 300 days minimum wage (67.29 pesos) $20,187 pesos or $1,510US

1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a cinco mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses; o
2. Original y copia de los documentos que demuestren que cuenta con empleo o pensión con ingresos mensuales libres de gravámenes mayores al equivalente de trescientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses.


Permanent residents have same income requirements but lower asset requirements:

Balances in bank 20,000 days minimum wage (67.29 pesos) $1,345,800 pesos or $100,658US

Presentar los documentos que acrediten alguno de los siguientes supuestos:
a. Jubilados o pensionados:
1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a veinte mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses, o
2. Original y copia de los documentos que demuestren que cuenta con pensión con ingresos mensuales libres de gravámenes mayores al equivalente de quinientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses.


The changes were published in the Diario Oficial today, Friday October 10, 2014 and take effect 5 business days after publication, Friday October 17, 2014
http://www.dof.gob.mx/nota_to_doc.php?codnota=5363602
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Re: HUGE Changes today to Mexican immigration law

Post by Ms.Thang on Fri Oct 10, 2014 1:19 pm

This is great news! It sounds fair too.

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Re: HUGE Changes today to Mexican immigration law

Post by Intercasa on Fri Oct 10, 2014 1:24 pm

These changes should allow more foreigners to enter as temporary residents and start a small business as one needs their immigration document to be able to get CURP and RFC numbers to be able to set up a business.

The changes also talk about requiring apostilles and translations for documents used at consulates but then also mentions the point system for permanentes so hopefully they publish it soon. Another publication should be forthcoming to integrate the changes published for the consulates for the practices with Mexico by immigration so that those within Mexico can take advantage of the new lower limits.
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Re: HUGE Changes today to Mexican immigration law

Post by Pedro on Fri Oct 10, 2014 1:46 pm

what is going to be the process from temporale[if you have been here for some time] to permanante? no financials necessary?
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Re: HUGE Changes today to Mexican immigration law

Post by Intercasa on Fri Oct 10, 2014 1:52 pm

After being here 4 years with no late renewals you can go to permanente without financials.

A few things they included in the changes appear to be allowing a broader definition of family relation, not just marriage although it may not apply to Jalisco as well as the need to get apostilles and translate bank stmts for the consulates, which was not required before.
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Re: HUGE Changes today to Mexican immigration law

Post by Pedro on Fri Oct 10, 2014 2:10 pm

if both of us have 4 years of temporale,do both of us get permanente separately without financials?
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Re: HUGE Changes today to Mexican immigration law

Post by Intercasa on Fri Oct 10, 2014 2:17 pm

Yes, you both do, no problem under current law.
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Re: HUGE Changes today to Mexican immigration law

Post by lobita on Fri Oct 10, 2014 2:57 pm

Thanks for the update, Spencer.
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Re: HUGE Changes today to Mexican immigration law

Post by coffeeguy on Sun Oct 12, 2014 2:39 pm

Spencer I'm confused. You say there are lower asset requirements for permanente but the figure you give is four times as high as for temporal:

Permanent residents have same income requirements but lower asset requirements:

Balances in bank 20,000 days minimum wage (67.29 pesos) $1,345,800 pesos or $100,658US

Did the amounts get transposed?

Thanks!

NEVER MIND! I checked your post on this on TOB and see that what you meant is that the requirement for assetsf for permanente is lower than it was before by about $25K, not lower than for temporal. Please excuse my senior moment. And thanks for keeping all informed!


Last edited by coffeeguy on Sun Oct 12, 2014 2:44 pm; edited 1 time in total (Reason for editing : Mistake on my part)

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Re: HUGE Changes today to Mexican immigration law

Post by CanuckBob on Sun Oct 12, 2014 8:15 pm

Pedro wrote:if both of us have 4 years of temporale,do both of us get permanente separately without financials?

No, you get booted out and the members at Inside Lakeside get the vote on whether you can come back or not. Soooooooo...........you best behave yourself.
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Re: HUGE Changes today to Mexican immigration law

Post by Mainecoons on Mon Oct 13, 2014 8:06 am

Intercasa wrote:HUGE Changes today to Mexican immigration law

These changes apply to visas issued at Mexican consulates outside Mexico.  I am assuming that there will be a publication soon applicable to people renewing within Mexico to harmonize the new lower financial requirements.

Reduced income requirements for temporary residence, new income / asset requirements:


Balances in bank 5,000 days minimum wage (67.29 pesos) $336,450 pesos or $25,164US
Monthly income 300 days minimum wage (67.29 pesos) $20,187 pesos or $1,510US

1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a cinco mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses; o
2. Original y copia de los documentos que demuestren que cuenta con empleo o pensión con ingresos mensuales libres de gravámenes mayores al equivalente de trescientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses.


Permanent residents have same income requirements but lower asset requirements:

Balances in bank 20,000 days minimum wage (67.29 pesos) $1,345,800 pesos or $100,658US

Presentar los documentos que acrediten alguno de los siguientes supuestos:
a. Jubilados o pensionados:
1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a veinte mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses, o
2. Original y copia de los documentos que demuestren que cuenta con pensión con ingresos mensuales libres de gravámenes mayores al equivalente de quinientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses.


The changes were published in the Diario Oficial today, Friday October 10, 2014 and take effect 5 business days after publication, Friday October 17, 2014
http://www.dof.gob.mx/nota_to_doc.php?codnota=5363602

That looks like a much higher bank asset requirement for Permanentes, Spencer.
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Re: HUGE Changes today to Mexican immigration law

Post by CanuckBob on Mon Oct 13, 2014 8:15 am

No, it is about 28K lower. It used to be around 128K per person.
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Re: HUGE Changes today to Mexican immigration law

Post by kb9gzg on Thu Oct 16, 2014 11:31 am

"Balances in bank 5,000 days minimum wage (67.29 pesos) $336,450 pesos or $25,164US"

Does the regulation strictly define the money to be in a "bank," or does this include liquid investments, e.g., stocks, mutual funds, etc.?
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Re: HUGE Changes today to Mexican immigration law

Post by Intercasa on Thu Oct 16, 2014 12:14 pm

Bank means financial institution
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Re: HUGE Changes today to Mexican immigration law

Post by arbon on Thu Oct 16, 2014 12:34 pm

kb9gzg wrote:"Balances in bank 5,000 days minimum wage (67.29 pesos) $336,450 pesos or $25,164US"

Does the regulation strictly define the money to be in a "bank," or does this include liquid investments, e.g., stocks, mutual funds, etc.?

I have to ask...are you joking?
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Re: HUGE Changes today to Mexican immigration law

Post by arbon on Thu Oct 16, 2014 12:43 pm

Intercasa wrote:Bank means financial institution

I think it means "Fiat money" held in a financial institution. Eh
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Re: HUGE Changes today to Mexican immigration law

Post by mtclick on Sat Oct 18, 2014 5:01 pm

How does owning a home in Mexico affect the process of obtaining a permanente or temporal?

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Re: HUGE Changes today to Mexican immigration law

Post by Intercasa on Sat Oct 18, 2014 11:40 pm

Home ownership does help with temp although the consulates have not wanting to apply it, has no bearing on permanente.

By bank it means checking, savings, investment, 401k, 403b, stock account, RSP, retirement, annuity, IRA, etc. from a recognized financial institution. It does not mean the offshore rebel account where a person gives you a weak sister statement they created in MS Word that looks like a 5 year olds handiwork.
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Re: HUGE Changes today to Mexican immigration law

Post by viajero on Sun Oct 19, 2014 10:03 am

Is it true that among the changes there is a new ten year visitor's visa for family members of temporal and permanente visa holders and Mexican citizens?

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