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Re: Tractor colection Retire to Mexico
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Posted by RN on January 03, 2007 at 10:52:59 from (69.130.251.249):
In Reply to: Re: Tractor colection Retire to Mexico posted by Don L C on January 03, 2007 at 08:05:18:
Fred Reed article had a couple legal requirements for Americans not connected to maquiladora. First is 6 month tourist permit- cost about $350-400.00. Then residency application/permit- need to show about $1000.00 a month income, $1500.00 a month for couple. Land ownership restrictions- for many it is a 49% share of land with Mexican citizen, in case of dispute the Mexican citizen is given priority. Note that Mexican court system is not common law of England based but Code Naplean/Codex Civil- no presumption of innocence, bail not often given, police can act as magistrate for some things- traffic offenses get some tourists every year. No political activity allowed-definition can vary, deportation is penalty, land ownership share of deporty considered abandoned, reverts to Mexico/Mexican partner. Retirement on SS income possible, some American retirement areas considered good deals as compared to Miami. RN
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