New Changes To Mexican Immigration Law Coming

More Changes to Mexican Immigration Law Coming October 17, 2014

by Dr. Steve Fry, Yucalandia.com/Surviving Yucatan blog

The well-respected Mexican attorney, Lic. Spencer McMullen of Chapalalaw.com offers this latest update to Mexican immigration rules and policies, based on the Oct. 10, 2014 DOF.

"Huge changes today to Mexican immigration law. These changes apply to visas issued at Mexican consulates outside Mexico. I am assuming that there will be a publication soon applicable to people renewing within Mexico to harmonize the new lower financial requirements.

Reduced income requirements for temporary residence, new income / asset requirements:

- Balances in bank 5,000 days minimum wage (67.29 pesos) $336,450 pesos or $25,164US

- Monthly income 300 days minimum wage (67.29 pesos) $20,187 pesos or $1,510US

(1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a cinco mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses; o)

(2. Original y copia de los documentos que demuestren que cuenta con empleo o pensión con ingresos mensuales libres de gravámenes mayores al equivalente de trescientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses.)

Permanent residents have same income requirements but lower asset requirements:

- Balances in bank 20,000 days minimum wage (67.29 pesos) $1,345,800 pesos or $100,658US

- Presentar los documentos que acrediten alguno de los siguientes supuestos: Jubilados o pensionados:

(1. Original y copia de comprobante de inversiones o cuentas bancarias con saldo promedio mensual equivalente a veinte mil días de salario mínimo general vigente en el Distrito Federal, durante los últimos doce meses, o

(2. Original y copia de los documentos que demuestren que cuenta con pensión con ingresos mensuales libres de gravámenes mayores al equivalente de quinientos días de salario mínimo general vigente en el Distrito Federal, durante los últimos seis meses."

We’ll report more details as they become available.

For details on visiting or moving to Mexico, view the Yucalandia immigration article at: ~ Current Rules and Procedures for Immigration, Visiting, and Staying in Mexico

Article courtesy of: Yucalandia.com/Surviving Yucatan blog © Steven M. Fry

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