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+--- Thread: Temporary Residency Visa and new minimum wage. (/thread-4454.html)
Temporary Residency Visa and new minimum wage. - Doyle Phillips - 12-15-2018
"Gerardo Esquivel, proposed for the Undersecretary of Expenditures for the government of Andrés Manuel López Obrador says there is a possibility that the minimum wage could increase to 101 peso per day as of January 1, 2019."
https://www.riviera-maya-news.com/minimum-wage-could-increase-to-101-peso-per-day-with-new-government/2018.html
Currently and to the best of my knowledge, the official 2018 financial requirement for Temporary Residency is based on $88 pesos daily minimum wage by the following formula:
300 x $88 = $2,644 At an exchange rate about $20 pesos to the dollar the current minimum for TR is $1320 dollars monthly
($88 may have been changed to $88.34 but i haven't found an "official" notice.)
If the minimum wage increases to $101 then the 2019 minimum monthly for TR visa could be increased to $1515 dollars.
RE: Temporary Residency Visa and new minimum wage. - jesm - 12-15-2018
Great you shared this and calculated the potential impact. Might cause some to move forward, faster.
INM offices will close Wednesday for holidays, but reopen January 7