Retirement In Mexico

VISA info!!

FM-3

An FM-3 is a one year permit to reside in Mexico. This document makes the holder a No Imigrante (Non-Immigrant) like the tourist card but, unlike the tourist card you are allowed to live in the country for an extended period of time. The document must be renewed each year as long as you continue to reside in Mexico. After your fifth year you can either upgrade to an FM-2 or simply request a new FM-3. The following information applies to persons who will be considered Rentistas, meaning you will not work in Mexico.
You may apply for an FM-3 at any Mexican Immigration Office within Mexico, or at any Mexican Consulate.

Step 1

You will need to submit the following:

  1. A letter in Spanish addressed to the proper immigration authorities - check with your nearest Mexican Consulate about this. The body of the letter must include your full name, current address, a request to change your immigration status from Tourist to FM-3, and a statement to the effect that you have annexed all pertinent paperwork.
  2. A current and original tourist visa
  3. Your passport.
  4. Proof of income. This figure changes constantly. It is based on minimum wage (250 times the
  5. minimum wage in Mexico City) and fluctuates with the exchange rate. The current amount is $8,700.00 pesos per month for the applicant and $4,350.00 pesos per month for each dependent. This proof could be in the form of a bank statement showing your investments generate that amount or more, it could also be a letter from your consulate stating you receive social security, a pension, etc.
  6. The administrative “Fee” of $680.00 Pesos.
  7. Proof that the required amount of income is being deposited into a Mexican bank account. Include the last three months’ statements but be prepared to show more if it is requested. The monthly income requirements are reduced by 50% if you own and reside in your Mexican home. If this is the case, be sure to include a notarized copy of either the deed (escritura) or trust.
  8. If you are married and your spouse also wishes to apply for an FM-3, have your original marriage certificate authorized and translated at the Mexican Consulate nearest the place of marriage.
  9. Submit a letter signed by you and two Mexican witnesses stating that you are an upstanding citizen living harmoniously within the community. Include with this a copy of each witnesses’ photo ID.

Once you have all of the above mentioned items, make three copies of each and submit your package to immigration. Normally, immigration stamps the original documents plus two sets of the copies with the date it was received. They keep the originals and one set of copies, the second set is for your files. It is habit to make the third set of copies as things can sometimes get misplaced.

Step 2

Once you are notified that your application has been accepted, pull together the following:

  1. Black and white passport size photographs (4 x 4 cm.) - 3 right profile and 4 front, no jewelry or glasses.
  2. Form SHCP-5. These forms are readily available through immigration or in Mexican stationery stores. Hint: If you are doing all of this yourself, the people at immigration are very nice and can direct you to someone who can help you fill out the form.
  3. Your letter of authorization for your FM-3 - 1 original and 2 copies.
  4. Two (2) Copies of your passport.
  5. Include the FM-1 form you received with your authorization letter and two (2) copies. Review this to make sure the information is correct as this is the information that will be typed into your FM-3 book.

Submit all of the above documentation within 45 days of receiving your authorization letter to the person with whom you are working at immigration.

An FM-3 permit is required if you are planning on living in Mexico more than 180 days per year.

Limitations

As specified above, you will not be able to work if you are classified as a rentista. If you are moving to Mexico because of work, make sure your employer helps you make all the arrangements necessary to allow you to get working papers or check with your nearest Mexican Consulate as to what is required.

If you obtained your FM-3 through a Mexican Consulate in your country, you must register it within 45 days of your arriving in Mexico with the local Immigration office.
Your FM-3 must be renewed annually for a period of five years. After five years you may apply for an FM-2 or simply apply for a new FM-3.

The FM-3 allows you to bring your vehicle with you across the border but, its registration must also be renewed every year.

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