Latest Visa Info for Lake Chapala – Ajijic: Part 2

March 20, 2014

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Hi Everyone, Here are the Requirements for Permanent Visas

1. Proof of bank account with $128,000 USD average Balance for a sustain period. (6 months)

Or

2. Proof of retirement or investment income of $2500.00 per month for the previous 6 months.

Or

3. Proof of property ownership by deed in Mexico of the proven value of $200,000 or more.

Spouses can piggy back on the other spouses income and so as I read the rules these amounts would cover a married couple. One spouse qualifies and then sponsors the other. This works for Temporary Visas as well.

I realize that this bare bones information still leaves a lot of questions. That’s why you should seek competent legal Counsel and or obtain information directly from a Mexican Consulate in your area.

My guess is that people who are turned down at one consulate or think they will be, will forum shop for other consulates thought to be easier.

As you know normally I love questions, but now you know what I know. Comments are welcome as always, but I may not answer questions above my pay grade so to speak.

http://consulmex.sre.gob.mx/dallas/index.php/en/services-foreign

All for now, Siempre tu amigo, Sid

  • Gary I

    I am far from an expert on immigration,but have been following this website for a couple of years. It appears as though the lifestyle is still affordable,but the price of admission has taken quite a jump. Am I correct in saying that these new requirements will all but stifle blue collar retirements for many?

  • http://www.chapalaclub.com Sid Grosvenor

    Hi Gary,

    I personally think the requirements are a bit too high for income. It would I thin have been better to allow both spouses pensions to be counted together. Many Mexican families just have one main income (the husband’s as a rule). I would hope to see the rules change to allow both spouses income cumulatively to meet the economic requirements.
    Tu amigo, Sid

Email for more information:
Sid@ChapalaClub.com

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