Can foreigners own property in Mexico?
Yes, foreigners can own property in Mexico under the Foreign Investment Law of 1994.
How does the Trust Deed Ownership work?
The Trust Deed or Fideicomiso is established through a Mexican bank (Trustee) assuring foreign buyers of all privileges of ownership within the restricted area of Mexico (within 100 kilometers of the border and 50km of the coastline). As of 1994, the Foreign Investment Law allows these deeds to be established for a term of 50 years and to be renewable upon termination for 30-year periods. This process protects the rights of foreigners (Trust Beneficiaries) and makes sure that the transaction is legal and unencumbered. For more than 30 years, many thousands of American and Canadian citizens have used the Trust Deed Ownership system in Puerto Vallarta and throughout Mexico’s resort destinations.
