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Missy

Nov 30, 1919, 12:00 AM

Post #1 of 5 (672 views)

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FM3 Proof/

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I have just spent a couple of hours reviewing the messages on this board. Phew! ;-) Hopefully my questions will be different enough not to bore everyone.First a recap of what I have read.....Someone named Dave has posted that it is possible to get an FM3 by depositing the required amount of money in a Mexican Bank as proof. I am also reading that in some regions they will not let you open a Mexican bank acocunt until you have your FM3.I am also reading that if the Consulate that you have to deal with has the higher income amounts that it is better to use an FMT to enter Mexico and then apply for the FM3 there.Someone else posted that it was possible to take the amount of money needed, deposit it in a US account, and withdraw it from the account prior to the statement date, only to redeposit it. Repeating this for the required 3 months to prove the amount.First of all what are your comments about the above?
As written, it sounded like Dave was saying that it was only necessary to deposit the equivelent of one month's income to the Mexican Bank account. Dave? Is that what you meant? Also that at the end of the year, you are going to have to provide 3 months statements as well to renew your FM3?We are not retirement age. We currently have a small home mail order business which nets us about $6000 a year. Any idea what the duty to the US is on small items (these are sewing patterns) Want to know if it would be feasable to try and operate our business in Mexico. Also DH does some auto repair, and was reading how valued an honest American auto mechanic was for one lady. Think it would be feasable to start a repair shop? Would that be something that would be allowed? Also thinking of small manufacturing of sewn items that would employ some local women. This would be a homeworking scheme, so no great monetary investment on our part, but once again our market would be in the US...Any thoughts on the above would be greatly appreciated.Thanks for your help in this.

Terry

Nov 30, 1919, 12:00 AM

Post #2 of 5 (671 views)

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FM3 Proof/

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I lived in Saltillo for 2 yrs. and am returning soon. I'm sterting a bed and breakfart with horses provided in the nearby mountians. My FM-3 came from my employer but the Mex. counslulate in Detroit was easier I was told by other employees. So I'd at least check that out first if it's a hard thing to do you can stop and try a differnt route. I'd like for you to Email me at tdemex@yahoo.com. I may need some help from your husband if he's mechanically inclined, I'm also going to work on assembly lines in the area, doing various repair work for several companies in Michigan. Keep in touch. My girlfriend may be interested in doing some sewing for you, She has a new singer. T------- I'd go on a tourist visa first!: First a recap of what I have read.....: Someone named Dave has posted that it is possible to get an FM3 by depositing the required amount of money in a Mexican Bank as proof. I am also reading that in some regions they will not let you open a Mexican bank acocunt until you have your FM3.: I am also reading that if the Consulate that you have to deal with has the higher income amounts that it is better to use an FMT to enter Mexico and then apply for the FM3 there.: Someone else posted that it was possible to take the amount of money needed, deposit it in a US account, and withdraw it from the account prior to the statement date, only to redeposit it. Repeating this for the required 3 months to prove the amount.: First of all what are your comments about the above?
: As written, it sounded like Dave was saying that it was only necessary to deposit the equivelent of one month's income to the Mexican Bank account. Dave? Is that what you meant? Also that at the end of the year, you are going to have to provide 3 months statements as well to renew your FM3?: We are not retirement age. We currently have a small home mail order business which nets us about $6000 a year. Any idea what the duty to the US is on small items (these are sewing patterns) Want to know if it would be feasable to try and operate our business in Mexico. Also DH does some auto repair, and was reading how valued an honest American auto mechanic was for one lady. Think it would be feasable to start a repair shop? Would that be something that would be allowed? Also thinking of small manufacturing of sewn items that would employ some local women. This would be a homeworking scheme, so no great monetary investment on our part, but once again our market would be in the US...: Any thoughts on the above would be greatly appreciated.: Thanks for your help in this.

Uncle Donnie

Nov 30, 1919, 12:00 AM

Post #3 of 5 (672 views)

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I just checked with a friend who...

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is in the renewal process and she says that all they asked for was a three month re-cap of her Lloyd account. See how many differing (and all correct, according to...)answers you can come up with? I'd verify everything with the Mexican gov't officials if you don't have much margin for error.Good luck!: :If you apply for your FM3 IN Mexico you can meet the financial requirements by opening a bank account(in Mexico)with app 1200-1300 dlls for a single,1700 for a married couple. The amount changes yearly. Forget about thinking of monthly income. This is all you need.You can open the account by providing a rental agreement,utility bill,(In Mexico. The bank wants proof that you live where you say you do)or in some cases both,depending on individual bank requirements. I am told that if you apply in the States, different consulates have different income requirements and additionally you will have to provide an apostile to prove it. Also age requirements may apply. My experience has been that it is much easier to enter under an FMT and then apply. If you plan to work in Mexico you MUST additionally have a permit. If you are caught working without one,you face deportation.
:
: : I have just spent a couple of hours reviewing the messages on this board. Phew! ;-) Hopefully my questions will be different enough not to bore everyone.: : First a recap of what I have read.....: : Someone named Dave has posted that it is possible to get an FM3 by depositing the required amount of money in a Mexican Bank as proof. I am also reading that in some regions they will not let you open a Mexican bank acocunt until you have your FM3.: : I am also reading that if the Consulate that you have to deal with has the higher income amounts that it is better to use an FMT to enter Mexico and then apply for the FM3 there.: : Someone else posted that it was possible to take the amount of money needed, deposit it in a US account, and withdraw it from the account prior to the statement date, only to redeposit it. Repeating this for the required 3 months to prove the amount.: : First of all what are your comments about the above?
: : As written, it sounded like Dave was saying that it was only necessary to deposit the equivelent of one month's income to the Mexican Bank account. Dave? Is that what you meant? Also that at the end of the year, you are going to have to provide 3 months statements as well to renew your FM3?: : We are not retirement age. We currently have a small home mail order business which nets us about $6000 a year. Any idea what the duty to the US is on small items (these are sewing patterns) Want to know if it would be feasable to try and operate our business in Mexico. Also DH does some auto repair, and was reading how valued an honest American auto mechanic was for one lady. Think it would be feasable to start a repair shop? Would that be something that would be allowed? Also thinking of small manufacturing of sewn items that would employ some local women. This would be a homeworking scheme, so no great monetary investment on our part, but once again our market would be in the US...: : Any thoughts on the above would be greatly appreciated.: : Thanks for your help in this.

Dave

Nov 30, 1919, 12:00 AM

Post #4 of 5 (679 views)

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FM3 Proof/

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:If you apply for your FM3 IN Mexico you can meet the financial requirements by opening a bank account(in Mexico)with app 1200-1300 dlls for a single,1700 for a married couple. The amount changes yearly. Forget about thinking of monthly income. This is all you need.You can open the account by providing a rental agreement,utility bill,(In Mexico. The bank wants proof that you live where you say you do)or in some cases both,depending on individual bank requirements. I am told that if you apply in the States, different consulates have different income requirements and additionally you will have to provide an apostile to prove it. Also age requirements may apply. My experience has been that it is much easier to enter under an FMT and then apply. If you plan to work in Mexico you MUST additionally have a permit. If you are caught working without one,you face deportation.
: I have just spent a couple of hours reviewing the messages on this board. Phew! ;-) Hopefully my questions will be different enough not to bore everyone.: First a recap of what I have read.....: Someone named Dave has posted that it is possible to get an FM3 by depositing the required amount of money in a Mexican Bank as proof. I am also reading that in some regions they will not let you open a Mexican bank acocunt until you have your FM3.: I am also reading that if the Consulate that you have to deal with has the higher income amounts that it is better to use an FMT to enter Mexico and then apply for the FM3 there.: Someone else posted that it was possible to take the amount of money needed, deposit it in a US account, and withdraw it from the account prior to the statement date, only to redeposit it. Repeating this for the required 3 months to prove the amount.: First of all what are your comments about the above?
: As written, it sounded like Dave was saying that it was only necessary to deposit the equivelent of one month's income to the Mexican Bank account. Dave? Is that what you meant? Also that at the end of the year, you are going to have to provide 3 months statements as well to renew your FM3?: We are not retirement age. We currently have a small home mail order business which nets us about $6000 a year. Any idea what the duty to the US is on small items (these are sewing patterns) Want to know if it would be feasable to try and operate our business in Mexico. Also DH does some auto repair, and was reading how valued an honest American auto mechanic was for one lady. Think it would be feasable to start a repair shop? Would that be something that would be allowed? Also thinking of small manufacturing of sewn items that would employ some local women. This would be a homeworking scheme, so no great monetary investment on our part, but once again our market would be in the US...: Any thoughts on the above would be greatly appreciated.: Thanks for your help in this.

Uncle Donnie Don Adams

Nov 30, 1919, 12:00 AM

Post #5 of 5 (668 views)

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You can probably get better answers

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to some of your questions if you define the specific area you're considering. For instance,where I live I use a private carrier (not MBE) to take my mail to Texas once a week and mail it there through the USPS. No duty.As for your FM-3 questions go to www.enespanol.com/atlanta/mexconsulate/list.htm to find the location of the Mexican Consulate nearest to where you live and check out their site.For my initial FM-3, which I got after I came to Mexico, I used my Texas bank account as proof of income but I also had to produce a letter showing that I had a continuing income. You'll find that the monthly requirement for two people will probably be around US $1250 to 1500 a month depending upon the Consulate you use.To answer one of your questions, yes, you could cycle the same money through your bank for three months, but if they ask for proof of earnings, and of continuing income you'll be SOL.You won't be able to live in Mexico in an area that would provide the services you need on $500 a month. Excuse me, MOST people wouldn't be able to. If you're doing it in the States or Canada I assume your hubby is supplementing like crazy as a mechanic, or that you have other sources of income up there.In Ajijic there's a Canadian Master Mechanic who advertises in one of the local publications but I don't know any specifics of how he handles the legalities. Maybe someone else can help on that.Back to FM-3 info. In some places, in my case anyway, for renewal all the authorities asked for were the originals of my last three months of Mexican bank statements and they accepted photocopies of my Texas bank statements for the same period.You may find that operating a small business down here is more complicated than you want to deal with. I'd check with someone. I know several gringas who do custom design and sewing on an informal basis and they seem to do quite well.Just a few things to think about. Good luck. 
: I have just spent a couple of hours reviewing the messages on this board. Phew! ;-) Hopefully my questions will be different enough not to bore everyone.: First a recap of what I have read.....: Someone named Dave has posted that it is possible to get an FM3 by depositing the required amount of money in a Mexican Bank as proof. I am also reading that in some regions they will not let you open a Mexican bank acocunt until you have your FM3.: I am also reading that if the Consulate that you have to deal with has the higher income amounts that it is better to use an FMT to enter Mexico and then apply for the FM3 there.: Someone else posted that it was possible to take the amount of money needed, deposit it in a US account, and withdraw it from the account prior to the statement date, only to redeposit it. Repeating this for the required 3 months to prove the amount.: First of all what are your comments about the above?
: As written, it sounded like Dave was saying that it was only necessary to deposit the equivelent of one month's income to the Mexican Bank account. Dave? Is that what you meant? Also that at the end of the year, you are going to have to provide 3 months statements as well to renew your FM3?: We are not retirement age. We currently have a small home mail order business which nets us about $6000 a year. Any idea what the duty to the US is on small items (these are sewing patterns) Want to know if it would be feasable to try and operate our business in Mexico. Also DH does some auto repair, and was reading how valued an honest American auto mechanic was for one lady. Think it would be feasable to start a repair shop? Would that be something that would be allowed? Also thinking of small manufacturing of sewn items that would employ some local women. This would be a homeworking scheme, so no great monetary investment on our part, but once again our market would be in the US...: Any thoughts on the above would be greatly appreciated.: Thanks for your help in this.