What changed with Law No.694’s repeal
Many articles online still describe the old regime — worth understanding exactly what changed.
Pensionado and Rentista — different thresholds
Income must be confirmed by a notarized letter from the source stating the amount, frequency, and lifetime (or multi-year) nature of the payments.
How the process runs
A good fit if
A poor fit if
Who runs this programme
Your request goes to two or three firms from this list. You see exactly which ones before it is sent, and you can exclude any of them.
This is an independent list of firms in the market, not our partners — we do not forward requests to them or receive payment for referrals. Contact them directly via the link.
Frequent questions
Is it true that $600/month is enough?
No — per the available data, that’s an outdated figure; the current 2026 thresholds are $1,000/month for Pensionado and $1,250/month for Rentista.
What happened to Law No.694?
Per the available data, it was repealed by Law No.1210 in August 2024 — the previous regime with direct PR and special tax breaks no longer applies; the ordinary temporary-residence regime under Law No.761 now governs.
Is there an age requirement?
Yes, but only for Pensionado — a minimum of 45; there is no age minimum for Rentista.
How much is needed per dependent?
Per the available data, +$150/month per dependent on top of the main applicant’s base threshold.
When is PR available?
Per the available data, after 4 years of temporary residence with annual renewal — different from the previous direct path under Law No.694.
Where is the application now filed?
Per the available data, directly with Migración — prior clearance from INTUR (the Tourism Institute), mandatory under old Law No.694, is no longer required.
Sources
Figures are for reference only. Verified against official sources on 27 August 2026. A precise quote is issued by the appointed firm after document review. This material is not legal advice, a public offer or investment advice.