remoore2001
4/4/2017 21:59 EST
Can anyone out there just give me a straight answer on how much our pension must be for my wife and I to get a permanent visa in todays dollars
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Cozumeldeb
4/5/2017 07:47 EST
I would suggest u contact your local MX office for exact amount..It appears to vary somewhat between states. In 2015 our amt was $1800 each..Try Google to research it.
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joaquinx
4/5/2017 09:32 EST
The consulate is your best source for income requirements. US dollar/Mexican peso rates change all the time, so a usd amount could be correct one day and in error the next.
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bluewater1
4/5/2017 09:50 EST
I'm seeing $2100 - $2200/month as I research this. Still trying to determine if it is more with a spouse.
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ericruple
4/5/2017 10:34 EST
What about a couple like us who are retired young and haven't started SS or oension, but have IRA'S that would easily show we are self supported? Does anyone know the calculation to show how much we would have to have for temporary residents visa? Thanks
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joaquinx
4/5/2017 10:46 EST
I am not sure how much help this can be, but take a look https://goo.gl/wZT5p7
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ericruple
4/5/2017 10:53 EST
Thanks I'll look into it. I know at one point I came across a formula that can be used but now can't find it again.
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giershift43
4/5/2017 10:58 EST
Check with your local consulate. I have looked it up in the past. They look at all sources of income and assets, What I read was about $1000 a month per individual in income.
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bluewater1
4/5/2017 11:00 EST
For temporary I'm seeing a bank balance of $21,500 US from 2016.
http://www.yucatanexpatriateservices.com/resident-services/how-to-apply-for-a-mexican-resident-card-for-the-first-time.html
"A monthly average balance equivalent to five thousand days of general minimum wage in Mexico City (73.04 MXP for 2016), approximately $21,500 USD for the past twelve months (considering a rate of exchange of 17 pesos)."
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RVGRINGO
From: Mexico
4/5/2017 12:48 EST
Each person requires a residence visa, and their individual bank statements to prove financial qualifications. There is no special category for couples. However, a couple may qualify for different status, as in this example: Husband qualifies for Residente Permanente approval at a Mexican consulate. He may then move to Mexico within 180 days, establish proof of residence within 30 days and begin the process of actually obtaining the visa.
Their US car, titled to the wife, can be driven into Mexico on a Temporary import permit if the wife enters as a tourist, or even if she qualifies for a Residente Temporal visa approval. This way, they can keep the US car, using it for the move, for up to 4 years, when the wife will have to convert to Permanente. At this point, there is the advantage that she may qualify for Residente Permanente from Residente Temporal (having since taken the car out of Mexico & replaced it with a Mexican-purchased & registered car) without having to provide financial proofs; but by applying under Vincula Familiar rules, which will grant her equal status to her husband & can be done in Mexico, at INM offices serving your area of residence.
Just another way to skin the cat.
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promobabe
4/6/2017 02:01 EST
Ericruple:
If you're not old enough to collect Social Security or a monthly pension, then the only thing the consulate cares about is your average bank balance over the most recent 12 month period. For a temporary resident visa, you need to show at least $20K or more average balance in a bank or retirement account (this is for one person--I don't know about a couple). For a permanent resident visa, you need to show at least $80K average balance or more in a bank or retirement account. I know this because I'm not old enough to collect SS yet--and the consulate didn't give a hoot about the rental income I collect each month. They only cared about my average balance in a bank or retirement account for the last twelve consecutive months. Hope that helps
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ericruple
4/6/2017 08:35 EST
Perfect! That's what I was hoping for because thats not a problem. Which consulate did you go through if you don't mind me asking? Thanks for your input.
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