Income requirements

"VISA REQUIREMENTS AT MEXICAN CONSULATES OUTSIDE MEXICO:
To qualify for the temporary visa they must show a monthly income of 300 times the minimum wage (for 2017 it is 80.04 pesos) or 24,012 pesos or $1,158 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 6 months bank statements. People who have liquid assets may qualify showing that they have maintained an average balance of 5,000 times the minimum wage (for 2017 it is 80.04 pesos) or 400,200 pesos or $19,305 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 12 months bank statements.

To qualify for the permanent visa they must show a monthly income of 500 times the minimum wage (for 2016 it is 80.04 pesos) or 40,020 pesos or $2,117 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 6 months bank statements. People who have liquid assets may qualify showing that they have maintained an average balance of 20,000 times the minimum wage (for 2017 it is 80.04 pesos) or 1,600,800 pesos or $77,221 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 12 months bank statements. It has been reported to us that in the past there was no minimum age limit on people applying for permanent visas but now many have reported that consulates are asking to see pension or retirement income in order to apply for the permanent visa or they are not giving them to people who are under 50 or 60 years old. Shop around as consulates have different internal guidelines and if you are in this situation it pays to make some calls.

You can apply for visas for your spouse (gay couples included) and children at the consulate at the same time or we can do it when you are here in Mexico once the primary applicant has their visa. Remember that in order to do this we will need birth / marriage certificates and apostilles (legalized copies for those from Canada or non Hague Convention countries).

Please be advised that the consulates might have their own special rules. Processing time varies from a few hours to a few days on average. We can consult with you prior to your trip to the consulate and then prepare you for finishing the process here in Mexico as well as advise you how to properly fill out the FMM form upon arrival so that there will be no processing delays. Clients have reported that the consulates in Laredo, Texas and Las Vegas, Nevada are some of the easier ones to deal with as Las Vegas only requires US$1,000 per month to get temporary. While the law says you must give 6 or 12 months bank statements, many consulates only ask for 3 to 6 months. Laredo requires an appointment be made online prior to going, we can help you make your appointment and go over documentation requirements so you do not have to make two trips."

http://www.chapala.com/wwwboard/webboard.html

alleycat1 wrote:

"VISA REQUIREMENTS AT MEXICAN CONSULATES OUTSIDE MEXICO:
To qualify for the temporary visa they must show a monthly income of 300 times the minimum wage (for 2017 it is 80.04 pesos) or 24,012 pesos or $1,158 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 6 months bank statements. People who have liquid assets may qualify showing that they have maintained an average balance of 5,000 times the minimum wage (for 2017 it is 80.04 pesos) or 400,200 pesos or $19,305 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 12 months bank statements.

To qualify for the permanent visa they must show a monthly income of 500 times the minimum wage (for 2016 it is 80.04 pesos) or 40,020 pesos or $2,117 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 6 months bank statements. People who have liquid assets may qualify showing that they have maintained an average balance of 20,000 times the minimum wage (for 2017 it is 80.04 pesos) or 1,600,800 pesos or $77,221 US dollars using an exchange rate of 20.73 to 1 (using December 28, 2016 exchange rate). This must be documented with 12 months bank statements. It has been reported to us that in the past there was no minimum age limit on people applying for permanent visas but now many have reported that consulates are asking to see pension or retirement income in order to apply for the permanent visa or they are not giving them to people who are under 50 or 60 years old. Shop around as consulates have different internal guidelines and if you are in this situation it pays to make some calls.

You can apply for visas for your spouse (gay couples included) and children at the consulate at the same time or we can do it when you are here in Mexico once the primary applicant has their visa. Remember that in order to do this we will need birth / marriage certificates and apostilles (legalized copies for those from Canada or non Hague Convention countries).

Please be advised that the consulates might have their own special rules. Processing time varies from a few hours to a few days on average. We can consult with you prior to your trip to the consulate and then prepare you for finishing the process here in Mexico as well as advise you how to properly fill out the FMM form upon arrival so that there will be no processing delays. Clients have reported that the consulates in Laredo, Texas and Las Vegas, Nevada are some of the easier ones to deal with as Las Vegas only requires US$1,000 per month to get temporary. While the law says you must give 6 or 12 months bank statements, many consulates only ask for 3 to 6 months. Laredo requires an appointment be made online prior to going, we can help you make your appointment and go over documentation requirements so you do not have to make two trips."

http://www.chapala.com/wwwboard/webboard.html

Alleycat1, thank you so much!!! So helpful, and thanks for the link! I have told husband that Laredo is better but he keeps saying Dallas consulate because we can do that in a day trip and return to our home in the states while papers are processed, if necessary. If we use rpattyn's lawyer maybe we can do almost everything online,  Idk.  Wondering if we can do everything way ahead of time then maybe drive down with our animals,  etc., a month or so later and do the final things and cross over.  I get the impression people do everything all at once....So many questions! You have helped a lot,  thank you!

Hi "Jan2017", may I suggest you call the consulate and ask questions or send an email, we did that and add great service from our mexican consulate.

Secondly, the requirement values are revised monthly based on the exchange rates on your home country currency and also the minimum wage in Mexico.

Adios y buen dia a todos, GyC.

mexicogc wrote:

Hi "Jan2017", may I suggest you call the consulate and ask questions or send an email, we did that and add great service from our mexican consulate.

Secondly, the requirement values are revised monthly based on the exchange rates on your home country currency and also the minimum wage in Mexico.

Adios y buen dia a todos, GyC.

Thank you so much for the suggestion! I will try that today and see what I can find out!

exactly, they also speak your native language. Those who are making and enforcing the current rules would be the best sources, at the federal and the state levels.

SRE Mexican Embassy and Consulate officials and INM Mexican Immigration officials are all Mexican Federal employees following the 2011 SEGOB  INM  Immigration Laws. No state level involvement in the aspect of getting a Mexican Resident visa.