The STUPIDITY of Mexico Residency

How they determine whether or not you meet the financial qualifications for residency in Mexico is truly stupid. In this video I explain why.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
ABOUT ME
I'm Jordan, an American living in Mexico with my Husky, Laska. In January of 2018 I left the US to start traveling Mexico. Since then, I've been making travel videos about my life in Mexico, travel tips, Las Vegas tips videos, and advice for those considering moving abroad.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Tangerine Travels perks & apparel!
► EMAIL NEWSLETTER: aw194924.aweb....
► CHANNEL MEMBERSHIP: / @tangerinetravels
► PATREON: / tangerinetravels
Things I mention in my videos!
► Learn Spanish Fast: www.TangerineSp...
► VPN: www.TangerineVP...
► Mail Forwarding Service: travelingmailb...
Follow me on social media!
► FACEBOOK: / tangerinetravels
► INSTAGRAM: tangerinetravelsjordan
► TWITTER: / tangerinetravls
► BUSINESS INQUIRIES ONLY: [e-mail]
We ONLY include affiliate links for products we use, love, and trust. If you make a purchase after clicking on our links, we may earn a commission which helps us continue our travels and produce more videos.
#Mexico #Expats #tangerinetravels

[@luismanuelvelazquezmejia2619]

When gringos realized that Mexico it’s not a financial paradise, it’s cheap than America but come on guys, you realized now that politics are stronger even for Americans citizens.

[@MrBowmanmt]

Heck here in PV it more or equivalent to USA prices.

[@Lisa_Canada]

PDC and other lovely locations in Mexico are at the same range as Canada and the U.S.

[@jennyhammond9261]

I don't get why the expect such a high income. I'm living here on $500 USD/month. I barely qualified for residency on a teacher's salary with a Master's.

[@thinktankdonahue]

Where do you live? Orizaba?

[@jennyhammond9261]

@@thinktankdonahue near Pachuca

[@thinktankdonahue]

Ah, I live in Zapopan and spend around 7-800 a month. I was thinking about moving to Argentina to save money but it's a pain to fly and move with a dog.@@jennyhammond9261

[@MexicoRetirement]

I’m going to Mazatlan Sinaloa in April, do you know prices around there? I’ve searched facebook marketplace and Airbnb so far.

[@jennyhammond9261]

@@MexicoRetirement No, I've never been to that area.

[@franciscokameko4671]

I know a friend who simply transferred money back and forth to his wife’s account for a few months, and they both qualified!!

[@IntensePeppers]

Lol nice

[@LH-nm1me]

Did they use personal checking accounts or business accounts? What kind of letter did the bank provide to show the income of the accounts?

[@franciscokameko4671]

@@LH-nm1me I believe all they have to provide were bank statements.

[@franciscokameko4671]

@@LH-nm1me personal accounts, I believe.

[@LH-nm1me]

Does the monthly income have to come from ebay amazon kind of business source, or it can be from another person' checking acccount? like rent and etc. Is there a letter template for the bank manager to state？Is it just like an monthly income statement?

[@martinfriesen2247]

A scary thing is if youre Canadian and take up residence in another country but your income is from sources like RRSPs and pensions in Canada you may be paying a lot more taxes to Canada than if you lived in Canada.

[@parasitius]

Honestly completely disagree 50% (the first half) with you calling this Mexico's stup*dity. You (and me too) are from the weird country, the USA, it's not Mexico that is weird. It is Mexico that is being normal. The USA is the only country I've heard of where people tell you their salary and report money they'll never see & that they can't see without going to jail. You don't make for example $60,000 a year. You make EXACTLY what you're allowed to keep legally per month. When I was an expat in China, we only talked about the latter figure. How can you calculate a budget for a month (I can afford apartment A, eating out x times) when you're working with FAKE USA numbers? You can't!!! I made 10,000 (example) RMB in China, I could ABSOLUTELY afford 3500 rent 4000 for food and 2500 for fun. The American way is just a headache - and is only to try to brag and make yourself look richer than you are. Terrible culture imo.

[@TangerineTravels]

Person A who makes $3,500/mo DOESN'T qualify. Person B who makes $1,500/mo DOES qualify. To me, that is the epitome of stupidity.

[@cland4140]

Great info, as always!

[@Gui-sv2xj]

Could you please tell in they have nomad visa?

[@patrickmelson4745]

Can i have both US and Mexico?

[@IntensePeppers]

Yes

[@MNDanno]

Wait! Can I use my s-Corp bank account? If so, how? Or will this only work with sole proprietorships?

[@TangerineTravels]

I used my s-corp bank account and they didn't question it. I brought along some paperwork to show that I own the company but they didn't bother to look at that paperwork.

[@MNDanno]

@@TangerineTravels O..M..G! This is huge. I hope they don't watch your videos...Maybe take this one down...or change the title?? Do you recommend any immigration professionals/attys to assist?

[@LH-nm1me]

@@MNDanno What is the benefit of using a s-corp account instead of a personal account?

[@DH-kl5rx]

Valuable information. Thanks.

[@TangerineTravels]

You're welcome. Thanks for watching!

[@israelcruz7597]

Why so much, when Mexican nationals make like $2 per day, that's $60 a month.

[@TangerineTravels]

It is a lot of money compared to what the average Mexican earns but also those numbers are pretty outdated. A salaried worker with a low paying job like a cashier makes about $19/day of work + benefits (8000 pesos per month working 25 days). The unskilled laborer who is out cleaning car windows on the street is making $71/day (5 pesos per stoplight cycle, 30 cycles per hour, 8 hours per day).

[@williesteele4503]

Hi Jordan, so can you clarify something for me. I've always heard that a low wage salaried worker in Mexico makes $10-15 a day(like a cashier at OXXO or a worker in the Mall for example. But you are saying they make closer to $20 a day now? My friend who lives in Mexico said most people try to start their own business, sell tacos, a restaurant, or something like that, because they say working for someone else will never make you a decent wage, unless you are a Professional with a Degree. @@TangerineTravels

[@hoppeanofasgard1365]

Need to multiply that by 10 buddy, even low wage workers in Mexico make $18 to $20 a day, and that's lower wage, many Mexicans have college degrees and make much more than this.

[@mikejackson1717]

So you have to have around $4000 plus savings also? This pure stupidity!! Not being rude but wow

[@TangerineTravels]

It's either income or savings, not both

[@kerder8660]

That's liberals for u.. Hehehe just saying

[@MrBowmanmt]

From what I've learned in my 48 years of living down here in Puerto Vallarta is we are all tourists I don't care if you're resident permanent resident expat. Unless you're Mexican bloodline from Mexico then you're just a tourist

[@airfiero4772]

So, they are welcoming but you'd never be "one of them"?

[@MrBowmanmt]

​@@airfiero4772 never

[@airfiero4772]

@@MrBowmanmt is it to the point of being uncomfortable?

[@MrBowmanmt]

@@airfiero4772 no as long as you know your place

[@airfiero4772]

@@MrBowmanmt good to know. Mexico is number one on my list if I want to go expat from the US. Thanks for the insight.

[@sophiavega1777]

Mexico can make up any rules they find fit ....its their country

[@williesteele4503]

It's Mexico's way of "Payback" for the US taking most of their land in 1848. I imagine their thinking is, "oh so you took our land, but now you want to come live in my country!" Well, let me think about that, and it's gonna cost you! Lol..

[@carlosiruela9423]

I married a Mexican and was able to get Residencia Temporal 2 years and now I'm eligible for Residencia Permanente. With a Residencia Temporal, I'm allowed to get a 2 year Temporary Import Permit (TIP) for my American vehicle, but Residencia Permanente does not allow for TIP at all. So, a Residencia Permanente has to either Import the car, which now makes the vehicle illegal in America or buy a vehicle in Mexico. In conclusion, a Residencia Temporal is a better fit for me. However, though there are work around, you can't stay in Residencia Temporal forever.

[@Wistundra]

20/30 years ago Mexico was a very viable cheap option for American's to retire too. Those benefits have eroded badly over time for a variety of reasons. As for now it's scraping the bottom of the list of viable places to retire.

[@hoppeanofasgard1365]

I disagree, if you choose a cheaper Mexican town that's not a tourist destination, then you can still live nearly as cheaply as some of these so called "cheaper" latin American countries like Ecuador or Guatemala. The only two countries I know of in Latin America that are definitively cheaper than anywhere in Mexico is Nicaragua and Colombia, but they have enormous downsides to living in them compared to Mexico. For instance in Colombia crime is higher, and not just any crime but crime that effects everyday people, in fact expats seem to be targeted the most. Where as in Nicaragua where as it's decently safe, there's just not a whole lot to do there, it can get boring very quickly unless you're just a total beach bum or nature lover, also the the poverty in Nicaragua is so severe it might make you feel uncomfortable depending on your personality. To make matters worse in the case of Colombia, it really depends on where in Colombia these days, because even though most of the country is still indeed cheaper, if you choose to live in Medellin you're not going to find it any cheaper than a Mexican city half it's size, and if you choose to live in El Poblado, the wealthiest part of Medellin where most expats choose to live, you're going to see prices for things almost as expensive as some US cities in that area, but it's actually very hard choosing to live outside of that area because the quality of the neighborhoods and the safety of them drop off a cliff in other parts.

[@Wistundra]

@@hoppeanofasgard1365 Agreed ! Every country has it's plusses and minuses. I've been living in Medellin for 4 years now and am mostly familiar with Medellin. This is a large city and like every large city it has good places to live others places that need to be avoided. As far as Poblado is concerned, I avoid it, same as El Centro. Especially at night.Poblablo is the tourist draw and not the place to live for me. I'm on the other end of town, Sabaneta, things are much cheaper there including rents.Very little crime also. The main draw here for me is the climate, no need for heating and A/C.

[@hoppeanofasgard1365]

@@Wistundra Well, good luck with that, I know parts of the city are beautiful and all, eternal spring and all that, but to me Colombia was just to rough around the edges. I tried it out for 2 months and was like this place is a bit much. since then, I've herd tons of horror stories coming out from there, especially in Medellin so I know it's getting worse. I suppose if you keep your wits about you and you know what to avoid you might be ok, but man, you got got to have some balls to live in a place that's outside of expat areas there.

[@nesttesters1336]

@@hoppeanofasgard1365 We were going to move to Medellin before covid but the crime ramped up during covid and the prices went up as well… we wound up not even visiting and getting our temporary residency in Mexico

[@hoppeanofasgard1365]

@@nesttesters1336 Good move! Colombia is to dangerous now, it had a brief period where things were looking like they would get better but honestly all the crime was boiling right under the surface and waiting to come out, people seem to have a short memory and don't recall that prior to 2012 or so Colombia was not a good place to be AT ALL. it's just returning to it's roots, that's it. That being said I've heard you can live relatively safely in Bucaramanga, but egh, the country has issues. bad infrastructure outside of cities, motorcycles everywhere you have to watch out for, and I do mean EVERYWHERE. Good luck to those that choose to make it their home but it was just a bit much for me and I visited it in 2020 when things were more tame! Wouldn't set foot in Medellin today unless it was just a weekend trip in El Poblado. People for whatever reason also seem to think they have to go to Colombia or Ecuador to get that year around spring time temperature, but it's just not true. Queretaro and San Miguel de Allende offer the same thing.

[@adriancampbell8310]

They want the Gringos out!

[@hoppeanofasgard1365]

Only in Mexico city do they have this opinion, most of Mexico still loves gringos.

[@Jendowney1619]

So leave lol😂

[@Ara-ej3hk]

Not really

[@tandanielle3875]

Nah. I live in Puerto Vallarta and that’s not true at all. The tourists are an important part of the economy here.

[@cindyeverythingcozumel]

Glad I got this 12 years ago

[@jaquelinefaivre4340]

The requirements to obtain the residency in Mexico is no different than to acquire the residency in the US, unless of course your an illegal…. Back in the good old days my family became residents by my Dad having a job offer in the US as an expert in his field, a steady income, also it was required some sort of military realease from Mexico (thankfully he was in a military scholl in Mexico). and an extensive backgroun check. Who do you think you are to think that you can just cross over and stay in any country?

[@realalexmackenzie]

Also something I find odd is that they don't care if this source of income ends the day you actually move to Mexico. I might have a great job wherever I'm from, but if it requires me to show up somewhere everyday, that income ends completely when I leave to Mexico. Wouldn't a $2,500/month pension or passive income source be infinitely more valuable than $10,000/month employment income if you are assessing someone's ability to live independently in Mexico?

[@TangerineTravels]

Agreed. That's something else that makes no sense to me in regards to the whole process.

[@Lisa_Canada]

You need to learn Mexican logic then it will make more sense. I am being sincere.

[@bodyloverz30]

@@Lisa_Canada Do they use logic?

[@MapletoMexico]

@@bodyloverz30 yes they do Mexican version of logic but you need to live there for awhile to understand it. Also know you won't change it. You need to learn how to live in that new culture and approach to logic.

[@andresmendezruiz]

So much complaining! Mexico does not owe you anything! Same as in the US… getting residency is a privilege!

[@livingworkingoutsidebox]

Depending on where you want to live you can rent a place and just live in 6 month blocks. Then no need to worry about taxes in Mexico. Done. I've had apartments in Mexico City, Guadalajara, and Cancun as a tourist. $200- $800 a month. No car needed easy and cheap to get around. Medical is super affordable. Last note. For those moving down on social security why become a resident and potentially get taxed on that as well as any 401k pay outs?😉💰🤔

[@williesteele4503]

Having been to Mexico more times than I cant count since 1998, I agree with you on this one. The only down side to this is you have to renew your 180 day tourist permit by going to the border or leaving the country then coming back, and the Mexican Immigration might not give you the full 180 days when you go to renew the tourist permit. Also you can't open a Mexican Bank account on a tourist permit, at least the 2 times I tried they said no, I had to be a temp. or permanant resident already, So, having a US Bank with no international withdraw fees would help a lot on the ATM charges when you take out money in Mexico.

[@leemartinez2975]

Mexico is consistently inconsistent.

[@patrickmelson4745]

What is the benefit of having a Mexican residency?

[@TangerineTravels]

You can open a bank account, register a car, rent a home (in many cases you can't without residency), get health insurance (private or public), get a credit card, and a number of other things that allow you to live here like a normal person.

[@Hadtoo]

@@TangerineTravels I’m a permit resident and can’t get a Cedit card. Any suggestions on that? I want to build my credit here in Mexico but they tell me either I need to be Mexican or have an existing credit in Mexico

[@TangerineTravels]

Start with a card from a department store like Liverpool. They’ll approve people with no credit and they’ll start you with a small credit limit. But after a little while you’ll be able to get other cards and higher limits. Also, to start, if you have a history with Amex you can get a card through Amex Mexico.

[@Hadtoo]

@@TangerineTravels I have the starter card from Liverpool. I don’t buy to much from Liverpool. It would be easier if I could get something that I could use to buy groceries or pay for gas. I could build my credit faster

[@TheParadiseParadox]

​@@Hadtoo now you have the credit history so you're probably about to get another card

[@mypphh97]

Interesting info. I am a dual citizen but if I had to qualify for residency I wouldn’t go through that “stupidity”. It doesn’t surprise me from the Mexican government. To be fair. the US government has some insane immigration policies too. Good luck to anyone that wants to move to Mexico. My advice; stay away from tourist cities and towns. They are too expensive and some outright dangerous. There are plenty of cities with easy access to travel back to the US in case of emergencies and all the conveniences of tourist cities that are cheaper and safer. I go there every year for a few weeks just to forget about the madness that goes on in the US. Love going out for breakfast and lunch to enjoy the homemade food, and coffee and a (concha - Mexican pastry) early evening, but most of all I take long walks mid morning at the local plaza, sit for an hour to read my favorite books. It’s like food for the soul.

[@happyinparadise7812]

Best to avoid Foreign people. I do...assimilate. Habla espanol

[@elioch239]

When initially applying for Mexican residency at a consulate here in the US do they require you to have a permanent address already established in Mexico at that time? I ran into that problem several years back when I was attempting to apply for residency. Wanting to try again if this rule has changed. TIA

[@missmayflower]

Way to insult the country you’re living in and profiting from. Stupidity? All countries have immigration laws.

[@whoisthe1412]

He looks like he is off the steroid he was on a few years ago. Also boy dumped his ex so hard she had to move back to the U.S.

[@LaVerdadJournal]

Que suerte vivir en la Unión Europea.

[@Ara-ej3hk]

👍

[@hoppeanofasgard1365]

didn't you say you once knew someone that was making a million dollars a year selling on Amazon Mexico Jordon? Was that his revenue or actual profits?

[@TangerineTravels]

those are her profits

[@hoppeanofasgard1365]

@@TangerineTravels 0_0 DANGGG got to learn how to do that bro

[@thejokerspeaks]

Very interesting angle, and I am an Amazon, Ebay, and Walmart seller.

[@ohplease587]

Ireland is $55,000.00 per year to live there. That I can understand but the new Mexico requirements? CRAZY.

[@Ara-ej3hk]

Easy, go to Ireland, it is better 😊

[@ohplease587]

LOL, I know.@@Ara-ej3hk

[@rubenarias6538]

Well as far as i know you can get residency if you can prove you have 4 to 5 years of Mexican salary saved up so about 17k to 20k (USD) in your bank account during the process so about 3 months last time i personally was involvedwas a couple years ago and it was 15k at the time... ps if it's both husband and wife its double the amount in shared account or you can do split account individually. As a full fledged Mexican it seems very stupid to ask for a certain amount of money in your bank account but once you start think why it's just showing you can survive a couple of years if you loose your job or anything of a sort. As for as it goes for those people that are here permanently with a tourist visa that's another topic but no your not helping by buying things because most things are tax exempted.

[@zayneunderwood1488]

Hola Jordan, que es mas macho, Fernando lamas y Ricardo montalban...❓😮🎉 😂🥇

[@streitkrisztian]

Sorry but these numbers are ridiculous!...Its really delusional, but they have the right sadly to do whatever they want with their rules...

[@Ara-ej3hk]

Well it is their country, so…

[@streitkrisztian]

@@Ara-ej3hk Exactly! I dont even blame them, I love Mexico! :D i just felt sad because its hard to move there…

[@fototx66]

I think your business cash flow example is a bit wonky if you are selling a bunch of widgets every month. If INM looks at gross revenue as you say, that gross monthly revenue will be offset by COGS, selling expenses, and taxes each month. So, you will on average be showing a 1500 per month average more or less, adjusted by any timing issues related to revenue and expenses. Perhaps the average will be a bit higher depending on when you do estimated tax payments relative to your immigration application. Yes, for sure it will help bolster your income but not as great as you show in the example.

[@TangerineTravels]

When I was selling on ebay and amazon, I'd get all of the revenue as deposits into my account minus payment processing fees of ~3%. I had significant COGS, but that didn't affect the deposits coming into my account from sales made.

[@NN57143]

I just don’t understand this requirement and I’m so angry and discouraged by it.

[@tandanielle3875]

He’s given you a solution though .

[@NN57143]

@@tandanielle3875 Thank you!🙏 Yes, I see that now. I hadn’t watched the whole video when I commented.

[@tandanielle3875]

@@NN57143 I get it. It can be discouraging but please don’t get discouraged. When there is a will there is a way. If you want to get it done you will be able to find a way. There are many ways. Good luck!

[@NN57143]

@@tandanielle3875 Thank you. What a kind person to take the time to encourage me. I really appreciate that. I'm not giving up! I wish you all the best. ♥

[@TitaMomo2020]

And this is why they want to see your average from the bank of the money seasoned by a year.... Discretionary expending available not your income taxes. 😅 Not so dumb .... 🧠

[@nobodycaresaboutyourfeelings]

I’m married to a Mexican, so I automatically got permanent residency. Been living in Mexico since 2018, love it here