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Expats to Mexico important information

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Expats to Mexico important information Zane 10-28-07  
Mexico is a friendly haven for retirees from the United States, Canada, Europe and elsewhere.

As a foreign retiree on one of two types of retiree visas, you can bring your household goods to Mexico duty free with a "Menaje de Casa" exemption from your local Mexican Consulate.

If you plan to spend only part of the year in Mexico and plan to rent a furnished house or apartment, you may not even want to bother getting a retiree visa. The FM-T tourist visa is good for six months. However, if you do plan to live in Mexico full time, or for six months a year or more, you should investigate other Visa options.

It is best you consult with a Mexican Immigration Attorney to determine the appropriate Visa for your needs. Some attorneys specializing in immigration law to Mexico, are based in the United States (Southern California & Arizona for example) and will charge more than a Mexican Attorney in Mexico, but you will have the peace of mind dealing with an American Attorney to get your initial Visa and advice, and who speaks Engish. After you arrive in Mexico, Visa changes or renewals can be completed quickly and much more cheaply at the Mexican Immigration office of the city you live in.

RESIDENCY

FM-3 Non Immigrant Visa: There are many different types of FM-3 visas, including business designations (allowing the holder to work in Mexico) which have been created since the passing of NAFTA. Retirees need a "Rentista" FM-3. This is a one year permit to reside in Mexico, without working. Requirements include that you show proof of income (usually less than US$1,000/month and half that for dependents). The monthly income requirement is reduced by 50% if you own property in Mexico. The FM-3 must be renewed each year as long as you continue to reside in Mexico.

Check with the Mexican consulate nearest you for current information: http://www.consulmexny.org/eng/visas_fm3.htm

FM-2 Immigrant Visa: The FM-2 (immigrante rentista) visa is designed for those who intend to permanently reside in Mexico. Qualifications are only slightly more stringent than FM-3 requirements. For instance, you must show a higher monthly income, although again, if you own property in Mexico, that amount is halved. Essentially, the FM-2 is like a green card, or resident alien visa in the United States, but much easier to obtain. It entitles you to many of the rights of a Mexican citizen (except voting) and entitles you to work. (You may also work with an FM-3 visa of the correct designation.) Officially, after five years of living in Mexico and successfully meeting the requirements of FM-2 status (including restricted time out of Mexico), you may make a "declaratoria de inmigrado" and apply for Mexican citizenship.

Inmigrado status does not require you give up your native citizenship, but holders may freely work and remain in Mexico without annual renewals of immigration papers.
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