What is an FM3?
Is a document for a person who wants to live at least part time in Mexico, but does not necessarily intend to make this their permanent home. To be granted and FM-3 status, you must prove you have sufficient resources to be financially independent, or meet certain requirements to be able to work or own a business in Mexico. FM-3 “Rentista” status is available to anyone with a monthly income (from investments, social security or other retirement) of less than $1,000 USD plus under $500 USD for each dependent. If one owns property in Mexico, the amount of income required is reduced by nearly one-half.
