Wealthy Americans are buying second passports as a 'plan B'

Re:Wealthy Americans are buying second passports as a 'plan B' by toomuchtodo on Sunday May 08, 2022 @10:42AM (#31304490)

Your in laws might be better served with Mexican permanent residency. The economic solvency requirements are reasonable (about $120k in a savings/investment/retirement account seasoned for a year), and once approved by a Mexican consulate in the US, the process moves very fast once you get to Mexico. There is no upkeep cost, you have it for life once obtained. The only downside is that if you bring a vehicle to Mexico from the US, even temporarily, you’re paying duty on the vehicle’s value.

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Re:Wealthy Americans are buying second passports as a 'plan B' by AtlasBarfed on Sunday May 08, 2022 @01:30PM (#31306130)

Seriously where in Mexico is it safe to live? Especially if you scream "rich kidnappable Americans"?

Anecdotal: Mt friend had two housekeepete from Mexico who were saving to buy air BNB so they could go back to Mexico.

They visited Mexico and were found dead executed on the side of the road.

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Re:Wealthy Americans are buying second passports as a 'plan B' by aiisjustanif on Sunday May 08, 2022 @10:28PM (#31309829)

Tulum, Oaxaca, Mazatlan, Monterey, and other places. Legit never had a problem. Just as scary as the US can be and just as nice.

Sorry to hear that. Visiting where?

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Re:Wealthy Americans are buying second passports as a 'plan B' by AtlasBarfed on Monday May 09, 2022 @10:21PM (#31322655)

I was doing the mobile phone typing.

The housekeepers were immigrants and saving up to open AirBnB properties in Mexico as their next salary/profession/business.

They were going down to check on what they were investing in or actually buy the properties or something similar to that.

I don't know where it was. It was probably close to one of the vacation areas which are supposed to be safer. Not sure if it was their home town / area or not.

And then there are stories like this:

https://www.cbsnews.com/news/shooting-mexico-beach-resort-2-...

I suppose you can point to killings in the US and turf wars and the like, but ... the vacation areas are supposed to be more heavily policed / controlled since they are such huge profit centers.

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Re:Wealthy Americans are buying second passports as a 'plan B' by mjh2539 on Sunday May 08, 2022 @02:52PM (#31306953)

Mexico City. Just don't do the dumb risque stuff Americans take for granted as reasonable (going out late alone, doing drugs, etc.).

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Re:Wealthy Americans are buying second passports as a 'plan B' by samstave on Sunday May 08, 2022 @12:17PM (#31305409)

Serious question, can you drive a rental car to Mexico and not pay duty?

For example, could you have a car here in the us and owned by your llc, or even a friends, and “rent it from them” and drive it around Mexico?

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Re:Wealthy Americans are buying second passports as a 'plan B' by CogitoCogito on Sunday May 08, 2022 @03:06PM (#31307117)

From San Diego, what I would do is just walk across the border and then rent the car there. If you are already going to rent it's just so much easier. Though I guess it could depend on the border crossing.

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Re:Wealthy Americans are buying second passports as a 'plan B' by samstave on Sunday May 08, 2022 @07:48PM (#31309103)

Yeah, I was hypothetically asking about renting a car from a company I, or a friend, owns...

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Re:Wealthy Americans are buying second passports as a 'plan B' by toomuchtodo on Sunday May 08, 2022 @12:24PM (#31305486)

You need a letter of permission from a rental car company to allow the rental into Mexico. Most rental car companies won’t issue it; the ones who do have a border arrangement with Mexico. If it has foreign plates, you’re paying duty if you’re permanent.

https://www.mexperience.com/bringing-foreign-plated-cars-int...

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