On October 10, 2014, the Diario Oficial de la Federación released the new financial guidelines for foreigners wishing to apply for temporary and permanent residency in Mexico. The new changes will take effect on October 17, 2014.
Puerto Vallarta News
I am wondering how the assets work. I have RRSP’s, one provides a monthly income of 1200.00 and has a present value of 35,000.00 and another that is locked in at approximately $53000.00. I also have a home in the state od Quintana Roo. with the new requirements would I qualify for temporary resident, or do I have to show cash in the bank?
You will want to consult with an immigration attorney about individual cases.
Hoping to do a little searching in Feb 2015 when we come for a visit to PV – I would love to retire there – even if it’s just 6 months out of the year! So this is good news for me for sure! I love PV – it is a beautiful space with fabulous people and things to do and the weather is perfect!
For six months out of the year you shouldn’t need a Visa unless you plan on opening a bank account in Mexico or doing any “official” business, to the best of my knowledge. You can stay on a tourist visa for six months, many residents do this. Of course if a long term investment and more temporary move is considered, then going through with some sort of residents card could make life a little easier when it comes to banking or considering real estate.
what is the combined monthly income of a married couple needed to retire.
Thank you
Visas are not issued to couples, all applications are done as individuals, so there is no couple requirements as far as the laws are concerned. With that said, our understanding is that if a married couple has a joint account, or assets, that meets the requirements for a single visa, then each applicant can submit the copies of the bank records separately. We are not attorneys, this is just our understanding.