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Changes (Again) To Immigration Laws


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#1 Coz2wonder

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Posted 10 October 2014 - 11:02 AM

More changes, but these may not be so bad.  They have lowered the financial requirements.

 

I just wish they mandated medical insurance for expats.

 

 

http://yucalandia.co...ctober-17-2014/

 

proper attribution: YucaLandia/Surviving Yucatan. © Steven M. Fry


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#2 van2coz

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Posted 12 October 2014 - 02:41 PM

Thank you for sharing.  I suppose there would still be an impact if they raise the mexican minimum wage to $82 pesos like they talked about a couple of months ago. 

 

Based on the link above, temporary residency at $82 pesos X 300 days = $24,600 pesos per month (about $1,825 US / $2,040 Canadian - slightly less than the current requirement).  For permanent residency it indicates it remains at 500 minimum wage days.  At $82 pesos, this works to about $3,050 US per month or about $3,400 Canadian per month.

 

It will be interesting to see what transpires over the next couple of months...


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#3 Coz2wonder

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Posted 12 October 2014 - 03:28 PM

Depending on which consulate office you go to, owning a home here may lower the financial requirement.  Your cash flow would increase because your not paying rent.


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#4 cvchief

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Posted 12 October 2014 - 08:27 PM

Mandated medical insurance?  Hmmmm....  Where else did they do that lately?


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#5 Coz2wonder

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Posted 13 October 2014 - 07:27 AM

I know Chief, and it goes against my philosophy as well.

 

I am not advocating mandating medical insurance for travelers,( tourist or expats) by government rule.  I would hope folks would understand that this is not north of the border hospitality here.  


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#6 cvchief

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Posted 13 October 2014 - 07:40 AM

Even though my US Ins covers us in MX, I always buy TI to make sure I have plenty of evac coverage if needed.


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#7 Coz2wonder

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Posted 13 October 2014 - 02:12 PM

Chief, I think you and I are on the wrong thread


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#8 cvchief

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Posted 13 October 2014 - 04:28 PM

I am waiting to see how this all works out for MS on his Perm Res thing.  It *looks* like he has that thing handled.   I am starting to think I should consider doing that.


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#9 cvchief

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Posted 13 October 2014 - 04:39 PM

OH!!! Now I get it.  I read the other thread....


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#10 Coz2wonder

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Posted 13 October 2014 - 04:40 PM

In 12 years, I only did one renewal.  Never again would I waste that much time to save a couple hundred bucks.

 

Not only did it take up way more of my time, but it also took up time of the immigration people answering my questions.

 

At this point, he'd know if there was a problem.  His processor would be asking for more documents by now.


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#11 mstevens

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Posted 14 October 2014 - 10:41 PM

I'll note that these requirements changed while my application was in process. I met the old (higher) requirements, so the fact that they went down won't be a problem for me.

 

I'm curious, though, about what would happen if the requirements went UP while someone's application were in process? Would they be "grandfathered in" at the lower amounts that applied with they started or would they have to prove higher balances and income than they'd initially prepared to?


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#12 La Bella

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Posted 24 May 2015 - 09:40 AM

van2coz:

 

Regarding your post for Temporary Residency, is the $3,050 per month income requirement is it per person?

 

La Bella


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#13 cvchief

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Posted 24 May 2015 - 10:23 AM

While I am sure it varies WIDELY by consulate, in Philly everything was per person on our PR.  They did not want to even consider like a primary with the requirements and a spouse qualified for less than the full amounts.


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#14 DebB

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Posted 24 May 2015 - 06:36 PM

The minimum salary in DF is currently 70.10.

That makes the current income requirement for a pensioner RP $35,050 MN monthly.

Divide by the SAT daily tipo de cambio (on the home page of www.sat.gob.mx) to determine the USD equivalent.

Last Friday's rate was 15.2326, so last Friday you would have been required to show $2,300.99 USD free and clear income per month for the last six months to qualify.


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