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The first thing you need to know is that foreigners may acquire real estate in the restricted zone through the constitution of a trust or fideicomiso in accordance with the Second Title of the Foreign Investment Law.
The restricted zone is a 62.13 mile strip along the borders and 31.06 miles wide along the coasts of Mexican territory.
A Fideicomiso…
We will work with a real estate attorney and a public notary to help you obtain a new trust or assume an exsiting trust, this eliminates wills and estate probate banking.
Banking institutions are the main trustees of Trust establishment contracts, this trust in not an asset of the bank, the foreigners has all the rights over the property, including the right to sell it in the future.
It is important to mention that the term of the trust is 50 years, after that time a renewal is available.
The trust represents an annual cost.
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