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Intercasa

Oct 10, 2014, 7:37 AM

Post #1 of 6 (2965 views)

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HUGE Changes today to Mexican immigration law

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HUGE Changes today (10 Oct 2014) 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, down from old minimum of 20,000 days minimum wage or $1,345,800 pesos or $100,658US at todays exchange rate.
Monthly income 300 days minimum wage (67.29 pesos) $20,187 pesos or $1,510US down from old minimum of 400 days or $26,916 pesos or $2,013US
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 down from old requirement of 25,000 days minimum wage or $1,682,250 pesos or $125,822US using todays exchange rate.
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.

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.
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
Mexican licensed attorney (Cédula #7928026) and official court translator (Perito Traductor). Mx 376-765-7553, USA 805-683-4848

(This post was edited by Intercasa on Oct 10, 2014, 9:26 AM)



ValRomx

Oct 10, 2014, 7:51 AM

Post #2 of 6 (2958 views)

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Re: [Intercasa] HUGE Changes today to Mexican immigration law

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for permanente residents did you mean HIGHER asset requirements? $100K > $25K


Intercasa

Oct 10, 2014, 8:38 AM

Post #3 of 6 (2923 views)

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Re: [ValRomx] HUGE Changes today to Mexican immigration law

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Permanent residents used to have to show $130,000 and now about $30,000 less, what I meant was relative to old rules.
Mexican licensed attorney (Cédula #7928026) and official court translator (Perito Traductor). Mx 376-765-7553, USA 805-683-4848


ValRomx

Oct 10, 2014, 9:21 AM

Post #4 of 6 (2903 views)

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Re: [Intercasa] HUGE Changes today to Mexican immigration law

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thanks for clarifying!


stevebrtx

Oct 11, 2014, 5:43 AM

Post #5 of 6 (2738 views)

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Re: [ValRomx] HUGE Changes today to Mexican immigration law

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Nice to see someone in the DF finally noticed the error in the old numbers. Shows they're not totally inflexible, only generally misguided.


richmx2


Oct 11, 2014, 11:37 AM

Post #6 of 6 (2679 views)

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Re: [Intercasa] HUGE Changes today to Mexican immigration law

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Again, this applies only to those who are permanent residents who aren't workers or business owners here. Or with family ties to the country. Not everyone on this site is a retiree, living on their hopefully not-ill-got gains.


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