1. What is the FM3?

The FM3 is an immigration permit granted by the Mexican government to foreigners who wish to reside temporarily in Mexico. It authorizes legal residence for the following purposes:

Real estate investment.

Permanent residence.

Professional or business activities.

A fixed-rate mortgage offers payment stability, as the interest rate remains constant throughout the life of the loan, allowing for better budget planning. Adjustable-rate mortgages (ARMs), on the other hand, have lower initial rates but can be increased based on market conditions. It's crucial to understand "caps," such as the "5/1/6" model, which limits variability: 5% at the first adjustment, 1% annually, and a 6% lifetime maximum. To choose wisely, simulate the worst-case scenario and see if you could cover those payments.

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2. Benefits of FM3 for foreign investors

Extended legal stay (beyond the 180-day tourist stay).

Right to open bank accounts in Mexico.

Ease of registering property in your name.

Possibility of importing personal belongings with tax benefits.

Legal recognition in notarial procedures and contracts.

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3. Requirements for processing the FM3

Although requirements may vary, the following are generally required:

A valid passport.

Proof of income or bank statements (to prove financial solvency).

Passport-sized photographs.

A completed immigration form.

Payment of immigration fees.

4. Application Process Steps

Application at the consulate or the National Migration Institute (INM).

Submission of required documentation.

Review and validation of information.

Payment of fees and receipt of the FM3 document.

💡 Tip: It is advisable to consult a specialized legal or real estate advisor to avoid errors in the process.

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5. Difference between FM3 and other permits

FM2 (Permanent Residence): For those seeking to stay indefinitely.

Tourist Visa: Allows you to stay in Mexico for a maximum of 180 days without engaging in investment or business activities.

FM3: The ideal middle ground for foreigners who want to invest, work, or live temporarily in Mexico.

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6. Connection to the real estate market

Having an FM3 not only provides legal security, but is also a key requirement for smooth real estate transactions. Many luxury properties in exclusive areas require foreign buyers to have legalized their residence.

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Conclusion

The FM3 is more than just an immigration document: it's the key to opening the doors to a life full of opportunities in Mexico, whether you're investing in luxury properties, settling temporarily, or enjoying the Mexican lifestyle without legal worries.