• Glenn Wilson
    83
    Qroo Paul: On January 1st, Mexico’s minimum daily wage increases from $102.68 MXN to $123.22 MXN and that means that the financial requirements for Mexican residency are increasing too. That’s because the requirements are based on mathematical formulas based on the minimum wage.

    The specific financial requirements will vary depending on which residency option you’re applying for and if you have any special circumstances (e.g. family ties in Mexico).

    For the purpose of this post, I’m going to keep it simple and assume that you’re the average retiree from the U.S. or Canada who wants to retire in Mexico.

    Continue reading Qroo Paul at: The Financial Requirements for Mexican Residency Are Increasing in 2020. [/url] More #QrooPaul.

    More in the category Finance and Legal.

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  • Sonia Diaz
    3
    On my web site are the financial requirements and processes for visas. In 2019, the amounts went up 16%. In 2020 another increase of 20%. For those who's financials are getting close to the requirements I suggest they apply this year. The Mexican minimum wage may very well rise by a similar large amount next January resulting in an equal increase in the financial thresholds to qualify for a visa. http://www.soniadiaz.mx/immigration---visas.html
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