While Mexico does not market a full-blown program designed to entice foreign retirees to its shores, this country is nevertheless a friendly haven for retirees and others from the U.S., Canada, and beyond.

Tourist Permit: The first time you come to Mexico, you will no doubt do so on a Tourist Permit. You will be given one on your flight into the country…or at the border when you cross by car or truck. Your Tourist Permit allows you to remain in Mexico for up to six months (180 days) without working.

FM-3 Non-Immigrant Visa: There are nearly a dozen different types of FM-3 (officially known as no inmigrantevisitante) visas, including business designations that have been created since the passing of NAFTA. Basically, the FM-3 is designed for those who wish to live at least part-time in Mexico, but do not necessarily intend to make it their permanent home.

For a rentista visa, the most common type of FM-3 among expats, you have to show that you can support yourself in Mexico on funds you’ve earned (or are earning) elsewhere. The monthly requirement is about $1,000 for an individual, plus about $500 for each dependent.

The specifics change from time to time, so be sure to check with your nearest Mexican consulate for the most up-to-date information.

FM-2 Immigrant Visa:The FM-2 (inmigrante) visa is designed for those who intend to permanently reside in Mexico or seek Mexican citizenship. For an inmigranterentista visa, you must show a higher monthly income ($1,500, plus half that for each dependent), although again, if you own property in Mexico, that amount can be halved.

Years ago, FM-2s were the only visas available to foreigners who wanted to work in Mexico. To­day, thanks to NAFTA, the FM-3 replaces the FM-2 as a working visa. Essentially, the FM-2 is like a green card, or resident alien visa. It entitles you to many of the rights of a Mexican citizen (except voting) and entitles you to work. The FM-2 is now the visa for those who ultimately want to obtain citizenship.

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