The Paper Chase | Real Estate & Business Consulting

Nov/10

7

Who needs an Fm3?

HOLA AMIGOS Y CLIENTES,
MOST OF YOU ARE ALREADY ENJOYING OUR WONDERFUL WEATHER IN B.C.S, OR YOU ARE ON YOUR WAY.
I AM SURE A LOT OF YOU HAVE HEARD THE NEWS ON MIGRATORY FORMS (FM2, FM3, ETC) FOR 2010; THE NEW PLASTIC FM3, THE REGULATIONS CHANGES, THE INTERNET APPLICATION…

BUT DO YOU KNOW WHAT IT IS MORE CONVENIENT FOR YOU? DO YOU NEED AN FM3, FM2 OR TOURIST VISA?
MOST OF OUR CLIENTS HAVE FM3S SO IN ORDER TO MAKE IT EASY FOR YOU TO ANSWER THE QUESTION HERE IS SOME INFO:

ANNUALLY WORKING FM3 MEXICO VISA FORM
FM3 is a Non Immigrant  Mexico Visa Form  that allows foreigners to work legally in Mexico and is valid for 365 days, which can be extended every year.

Who needs a working FM3 Mexico Visa?

  1. Foreigners that   work  permanently in Mexico.
  2. Foreigners that own a Mexican coporation or are shareholders.

ANNUALLY RESIDENCY FM3  VISA

Residency FM3 is a Non Immigrant Mexico Visa Form valid for 365 days that allows foreigners to
reside in Mexico for more then six months and can be extended every year.
A residency  FM3 can be granted to any foreigner that  can prove legal   income of $1, 100.00 US, per
month brought from abroad he/she qualifies  for this visa.
Who needs a residency FM3?

  1. Foreigners that   reside in  Mexico  for more than  six months.
  2. Foreigners that own  property in Mexico through a Mexican bank trust.
  3. Foreigners that want to be protected in case of legal issues, while in Mexico.
  4. Foreigners that want to have a Mexican driver license.
  5. Foreigners that want to have a  U.S.  Vehicle   in Mexico.
  6. Foreigners  that want to change from FM3 to FM2 status (in most cases).
  7. Foreigners that want to have a Mexican Bank account (most banks requirement).
  8. Foreigners that want to bring their household in to Mexico  duty free.
  9. Foreigners that want to sell or lease their property in Mexico.

2010  CHANGES:

  1. If you already hold an Fm3, you will get a new “plastic card” to substitute your green book.
  2. You can have a representative do the renewal process, but your precesence to pick up the plastic fm3 is mandatory.
  3. Fm3s can no longer be used as proof of residence to apply for Mexican citizenship.

SUGGESTIONS:

  1. If you cannot be in Mexico to pick up your document you may have to cancel altogheter as you must sign paper every year.
  2. If  the only reason you hold an Fm3 is because you have in mind to apply for citizenship after 5 years, this is no longer possible so perhaps you should consider canceling the document.

HOPE YOU FIND THIS USEFUL.

SALUDOS!

THE PAPER CHASE TEAM

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