INM Rule Changes for Working Residente Temporal Visa Holders

facebook wrote:Here are some updated basic financial solvency numbers that went into effect dec 1 with the minimum wage increase:
For applying for temporary residency in Mexico, the law stipulates that they must show a monthly income from foreign sources (pensions, investments, social security, etc.) equal to at least 300 days’ worth of the minimum wage or have a savings balance equivalent to at least 5,000 days’ worth of minimum wage over the past 12 months. Prior to the minimum wage increase, this equated to 24,012 pesos (approximately US$1,265) and 400,200 pesos (approximately US$21,060) respectively. As of December 1st, 2017, the new thresholds will be 26,508 pesos (approximately US$1,395) and 441,800 pesos (approximately US$23,250) respectively.

For those intending to apply for permanent residency, one needs to show a monthly income of at least least 500 days’ worth of minimum wage or have savings equivalent to at least 20,000 days’ worth of minimum wage over the past 12 months. In this case, this equated to 40,020 pesos (approximately US$2,100) and 1,600,800 pesos (approximately US$84,250) respectively, prior to the minimum wage increase. As of December 1st, these new thresholds will be 44,180 pesos (approximately US$2,325) and 1,767,200 pesos (approximately US$93,000) respectively.

July 8, 2015:
Lic. Spencer McMullen, a well respected Mexican attorney who serves expat community needs (and regular Yucalandia contributor), has reported the following update on INM policies for foreigners residing in Mexico, with permission to work:
"Last month, June 2015, immigration circulated an internal update to their offices with changes to how they would treat renewals for people who have work permits. There was no change in the current immigration law or its regulations. This change was made at the whim of higher-ups in immigration.
This change will apply to people who did not originally enter Mexico with an offer of employment work visa and will only apply to those who entered with a regular temporary visa and who later changed to a visa with permission to work. People renewing work visas obtained which were changed from temporary visas will be required to submit bank statements to prove that they either have income from outside Mexico or savings that meet the published Residente Temporal guidelines (400 times minimum wage or 28.040 pesos for income or 20,000 minimum wage or 1,402,000 pesos in assets. "
"... plan accordingly so you will not have problems when it is time to renew. "

Additional important details and the rest of Spencer's good report are at: http://yucalandia.com/answers-to-common-questions/inms-new-policies-for-working-residente-temporal-visa-holders/
"Lic. Spencer Richard Mc Mullen is an attorney and official court translator who has offices in Chapala and Guadalajara and specializes in immigration and administrative law and has litigated in all courts and wins his cases."
Lic. Spencer may be reached at 376-765-7553 Chapala / Guadalajara (33)1592-3801
http://www.chapalalaw.com