Mexico Real Estate Ownership Through A Fideicomiso
10 April 2008
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By: Charles Sipe
Mexico real estate can be owned by any foreigner in almost any location. The only restrictions involve zones near the borders and oceans, and can be bypassed legally through certain legal structures. Foreigners may own "restricted" land either through creating a Mexican corporation (real estate cannot be used personally), or by establishing a trust with a Mexican bank (fideicomiso), with the later involving fewer restrictions, particularly the fact that owners are able to personally use the property.
The Fideicomiso
A trust called a fideicomiso can be established with a Mexican bank that grants you many property rights as long as the bank's name is on the title. The bank technically holds legal title but its beneficiaries have the right the right to use, improve, and sell the property as they see fit.
Costs of the Fideicomiso
The cost for the bank to hold the title for you is typically $375 USD to $550 USD and a yearly maintenance fee. You must also be registered with the Secretary of Foreign Relations, which has no annual fee. A Mexican accounting firm can perform all necessary tax accounting services.
Source: Mexico Real Estate: How to Navigate Mexican Tax Laws
I thin it is perfectly safe and people need a government generated document or something from the us government confirming its a legitimate form of ownership
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