Considering moving family to Mexico

[cassiereroni]

I want to thank you all for all the feedback and let you know I was not able to log on yesterday and don't have time right now to answer all the questions or clear things up at the moment but I will be back later tonight to do just that.

I just wanted you to know I haven't disappeared and will be back.

Thanks so much again

[JRinPV]

But if you own property here the FM3 amounts are less, no ?

[cuylers5746]

Originally Posted by JRinPV

But if you own property here the FM3 amounts are less, no ?

No, rather you own or rent you pay the same each year for any Visa.

What makes sense for me, if you want to retire here, is to get the FM-2 and after 5 years you can become;

1.) A Mexican Citizen

2.) A Permenant Resident.

I'll take no. 2 anyday, as from my understanding from a friend that has it.

A. You don't have to have any potential hassles with Homeland Security over you having two
Citizenships - for in the future.
B. You have all the rights of a Mexican Citizen except you can't vote.
C. After your a Perminent Resident; no more registering with Immigration and paying anything
for Visas each year.

[JRinPV]

You misunderstood me.
Yes, the cost of the visa is the same but the financial requirements are less if you own property.

[conklinwh]

With our FM3s, we needed to demonstrate the same level of monthly income both before and after we bought property.

[gudgrief]

Mexico is strict about parental permission. You'll have to have written permission from both parents to bring minor kids. And it has to be in a form recognized by the Mexican government.

You don't to have a monthly income from US sources if you have sufficient investment in Mexico. That lump sum settlement may be enough. It also works if the investment is used for an ownership interest in a Mexican business that has Mexican employees.

Your best bet is to visit a Mexican consulate and ask. Be aware that you may have to ask the same question in 2 or 3 different ways to be sure you get a full answer. My contact with the Mexican consulate in Las Vegas was never misleading, but sometimes incomplete. All that did was cause an extra trip to the consulate to complete a missed step in the paperwork. Of course having someone who is 100% fluent in English and Spanish would be a big help.