Living in Mexico takes you through different types of visas that are of interest to Mexican immigration
This guide provides questions and answers about living in Mexico and the different types of visas that interest Mexican immigration and what it means. It also explains what you need to buy property in Mexico.
What is FMT?
When entering Mexico as a tourist, you will get FMT, which is a tourist visa that allows you to stay in Mexico as a tourist for up to 180 days. She renews herself by leaving Mexico and returning to the country.
What is FM3?
This is a visa for people who want to live part-time in Mexico but do not want to become permanent residents. To successfully apply for FM3 status, you must prove that you are financially independent or that you meet certain criteria to be able to work or have your own business in Mexico.
What is FM3 Rentista?
FM3 Rentista status requires that you have a monthly income (from retirement, investment, social security, etc.) less than $ 1,000 and less than $ 500 per dependent. If you own property during your stay in Mexico, the required income will be reduced by almost half.
What is FM2?
FM2 can be ordered directly for FMT or FM3, FM3 does not necessarily have to be kept for a certain period before FM2 request. After successfully meeting the FM2 requirements for five years, you can apply for immigration status. This allows you to enjoy the privileges and rights of a Mexican citizen during your stay in Mexico, with the exception of the most important voting rights. Residence owners can stay in Mexico and work freely without the annual renewal of immigration documents. Inmigrado mode does not require you to declare your own nationality.
Do I need FM3 to buy a property in Mexico?
When purchasing a property, you must sign legal notary documents. FM3 is not required for this, it is ok with FMT with your original passport or birth certificate.
Do I need FM3 to get a Mexican bank account?
There are many types of bank accounts in Mexico, but you don’t need FM3 to get a simple checking account. You need an electricity and FMT bill and your passport. You can easily access these documents during your stay in Mexico.