Jan 21, 2003, 1:18 PM
Post #3 of 6
Under the FM-3:
Re: [Rox Anne] Required Visa
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1. The holder can keep a foreign-plated car so long as the FM-3 is valid.
2. There is no limitation as to time spent out of the country.
3. The application process is easier. Application can be made stateside at the Mexican Consulate or within Mexico.
4. The minimum monthly income requirement is not less than 250 times the minimum wage in the Federal District.
4. The application and annual renewal fees for the FM-3 are less than for the FM-2.
The fees are:
Reception of FM3 documents $365
FM3 no inmigrante (retired) & renewal $963
FM3 no inmigrante (working) & renewal $1,563
Replacement of lost FM3 no inmigrante $391
5. After the fifth renewal, the holder must apply for a new FM-3. This process could be repeated for the rest of the holder's days in Mexico. The FM-3 is a one-year residency permit, renewable, and nothing more.
Under the FM-2:
1. The holder can keep a foreign-plated car for 5 years, and after the final inmigado status has been granted, the car must be removed from the country.
2. There are limitations as to the time which the holder may spend out of the country. The FM-2 holder’s time out of the country is limited to 18 months within the 5-year period.
3. The application is a more detailed process, and greater scrutiny is paid to supporting documentation. The minimum monthly income requirement is not less than 400 times the minimum wage in the Federal District.
4. The charges are:
FM2 inmigrante (retired & working) $2,083
FM2 inmigrante (retired & working) renewal $2,084
FM2 inmigrado $2,540
Reception of FM2 inmigrado documents $684
Replacement of lost FM2 inmigrante $625
Replacement of lost FM2 inmigrado $938
5. The FM-2 is the immigration category which leads to the "E" ticket. After the completion of annual FM-2 renewals, the holder may apply to become inmigrado, which is a permanent immigration status granting all rights except the right to vote, run for political office, and some other rights which can be exercised only by Mexican citizens.