New information from yucalandia/survving yucatan by S. Fry
Mexican Visa $$ Solvency Requirements for 2020
December 21, 2019
Mexico’s daily minimum wage will be going up Jan. 1, 2020, to $123.22 pesos per day (20% increase). Because the INM’s personal monthly income & personal savings requirements for Residente visas are tied directly to the minimum wages, the INM’s “personal solvency” requirements for foreigners will also automatically rise 20% in January, 2020.
Residente Permanente visa applicants must show a monthly income of 500 times the minimum wage => $3,243 US dollars ($61,610 MXN pesos) using an exchange rate of $19:1 … That income must be documented by 6 months bank statements. … People who have liquid assets can also qualify by proving an annual average balance of 20,000 times the minimum wage => $130,ooo US dollars ($2,464,400 MXN pesos) using an exchange rate of $19:1 for 2020 applicants … documented by 12 months of bank statements.
Residente Temporal visa applicants must now prove a monthly income of 300 times the minimum wage => $1,946 US dollars ($36,966 MXN pesos) per month (using an exchange rate of $19:1. Consulates want 6 months of bank statements. … People who have liquid assets can also qualify by proving an average annual balance of 5,000 times the minimum wage => $32,426 US dollars ($61,6100 MXN pesos) account balance for 2020.
If you want more details on immigrating to Mexico, or visiting Mexico, see our main immigration article at: ~ Current Rules and Procedures for Immigration, Visiting, and Staying in Mexico.
New Years Dinner 6 pm 31 December A whole roast pig from the wood fired oven with all the trimmings.
Tickets 250 pesos please pre purchase
Alberta Rocks: Dwain will make musica from 6 pm.
New this year: Homemade Breakfast Sausage No nitrates Take home a frozen package of four …90 pesos They go well with any meal.
New Concept “Boston’s Bus” Shopping and lunch in Merida. Some folks have asked if we would organize a weekly shopping bus. Our friends at Boston’s Pizza would like to help, so here’s the idea: your comments and feedback would be appreciated. David’s won’t be directly involved in the operation of the service.
A twenty passenger bus would depart every Tuesday 9.30 am, first stop Costco, then Chedraui, and Boston’s for lunch then drop off at your casa or condo around 2 pm. Round trip 200 pesos.
Boston’s will open their patio and promise that there won’t be any loud techno boom boom music. They will keep your frozen food in their freezer.
If you are interested in this concept please email gerencia,montejo at bostonsmexico.com Attention Ana