Can a foreign individual, corporation, or trust own property in Mexico, or is it a lease?
Yes, you can own property in Mexico! No, it is not a lease. Decades ago, the law did not allow foreigners of any sort to own property within 30 miles of the coastal waters, and within 50 miles of the borders. The purpose of this legislation was to protect Mexico’s sovereignty though the establishment of the restricted zone. Today, the most common way to own residential property along the Mexican coastline or borders is trough a “Mexican Trust” called “Fideicomiso”. The “Trust” is completely safe and provides foreign individual, corporations, and trusts with all the rights of ownership. A Mexican bank is required by law to administer and represent an owner of a Mexican Trust. The beneficiary of a “Trust” can be a foreign individual, corporation, or trust.
