Retirement- Economic Solvency - Investor Temporary Resident visa
Foreign nationals who plan to stay in Mexico for more than six months up to one year, without the purpose to perform lucrative activities or to receive remuneration in Mexico, living off their own financial means, they are required to apply for a Temporary Resident Visa by economic solvency.
The visa issued at the Consular Office is a single-entry visa, valid up to 180 days and will allow his/her holder to enter Mexico to exchange it for a Temporary Resident Card within 30 days upon his/her arrival in Mexico at the nearest migration office (INM). The Temporary Resident Card will be valid for one year and multiple entries.
Requirements:
I. Valid passport and photocopy of the pages where the personal details and holder's photograph are found.
II. Visa application.
III. One passport size photograph (it must be in colour, with the face clearly visible without glasses, white background and be taken within the last month).
IV. Proof of being a temporary resident in the Kingdom of Saudi Arabia, Bahrein, Oman or Yemen, only in cases when the foreign national is not a national of these countries, in this case a photocopy of the residence permit is required.
V.- Submit documentation to prove your economic solvency:
a) Original and copy of proof of investments or bank accounts with average monthly balance equivalent to five thousand days of the general minimum wage in force in Mexico City, during the last twelve months or
b) Original and copy of the documents that prove that you have stable employment or pension with monthly income free of taxes greater than the equivalent of three hundred days of the general minimum wage in force in Mexico City, during the last six months.
Remarks:
With respect to section a), it is required to submit certified bank statements. Regarding section b), as applicable it is required: 1.- original headed letter from the company where the applicant works, stating his/her salary, that he/she is not going to receive any salary from a Mexican company or institution and that he/she will stay in Mexico for more than 6 months, or original letter from the institution that grants the pension to the applicant 2.-, the last six-month pay slips or pension receipts and the banks statements where the income is deposited monthly.
VI. Payment of consular fee on the day of the appointment in order to receive and to process the application, in accordance with the Federal Act of Fees. It also covers the issuance of the visa, if the visa is authorized. In the case of visa refusal, the payment made will not be reimbursed. It is suggested that before submitting your application, check that your documentation is complete.
Processing times: From two up to five working days after handing in the aforementioned documentation, in a complete and satisfactory manner. It is advisable not to book or buy flight tickets to Mexico if you have not been notified about the authorization of the issuance of your visa. The submission of flight ticket is not a visa requirement, so it does not accelerate the processing time of a visa.