Law governing the purchase of property in Mexico
• Under Mexican law, a foreign person or company is allowed to own real estate in Mexico, unless it is located within the Restricted Zone.
• Within the Restricted Zone, a foreign person or company may obtain all the rights of ownership to a property, but it must be set up as a real estate bank trust called a Fideicomiso.
• Another option is to acquire non-residential property through a Mexican corporation. This corporation may, under certain conditions, be 100% foreign owned, but it must have a provision in its by-laws stating that the corporation and its foreign owners accept to be subject to Mexican laws and agree not invoke the laws of their country.
• As well, the real estate acquired must be registered with the Foreign Affairs Ministry and used for non-residential activities. In other words, under these conditions, foreigners can acquire directly properties designated for tourist, commercial, or industrial activities.
The restricted zone
• The Mexican Constitution regulates the ownership of land and establishes that foreigner cannot acquire direct ownership of any land within 100 kilometers of either border or within 50 kilometers of any coastline. These areas are known as “Restricted or Prohibited Zones.” Nevertheless, the latest Mexican Foreign Investment Law, which came into force on December 28, 1993, makes the allowances cited below.
•
Fideicomiso or Bank Trust: Any foreigner or Mexican National can establish a Fideicomiso (the equivalent of an American beneficial trust) through a Mexican bank to purchase real estate anywhere in Mexico, including the Restricted Zone. To do so, the buyer requests a Mexican bank of his/her choice to act as a trustee on his/her behalf. The bank obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust. The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for another 50-year period and for subsequent 50-year periods thereafter. During these periods, foreigners have the right to transfer the title to any other party, including a member of their family.
• The bank becomes the legal owner of the property for the exclusive use of the beneficiary, who has all the benefits of a direct owner, including the possibility of leasing or transferring their rights to the property to a third party or pre-appointed heir. During this term, the foreigner is considered as a Mexican National. The trustee is responsible to the buyer/beneficiary to ensure precise fulfillment of the trust to protect the interests of the buyer/beneficiary.
• For practical reasons, even in unrestricted zones, many foreigners, and Mexican Nationals for that matter, prefer to hold their property under a
Fideicomiso.
Casa Jeff
Playa del Carmen - Playacar II Golf
Villa / 4 Bedrooms
PLAYA DEL CARMEN, AMAZING LUXURY VILLA FOR SALE! SURROUNDED BY THE WONDERFUL GOLF COURSE, IN PLAYACAR PHASE 2.
4 BEDROOMS, 4 BATHROOMS, PRIVATE POOL, 2 PARKING SPACE.
THE LUXURY LIFE YOUR FAMILY DESERVE!
JUST FEW BLOCKS FROM THE WONDERFUL WHITE SANDY...
725,000.00$ US
Casa Norma
Playa del Carmen - Playacar II Golf
Villa / 4 Bedrooms
Exclusive 4 bedroom house each with walking closet.
Golf course view. Brand new.
Private pool.
Its lokated inside a gated comunity in Playacar Fase 1
690,000.00$ US
HELIKO 304
Playa del Carmen - Coco Beach
Condo / 2 Bedrooms
REDUCED PRICE!!!!! 389K NOW: 335K !!!
NEW 2 BEDROOMS CONDO FOR SALE IN PLAYA DEL CARMEN, MEXICO!! MODERN STYLE AND MEXICAN STYLE MIXED TOGETHER JUST A FEW STEPS AWAY FROM THE WHITE SANDY CARIBBEAN BEACH!
THE OCEAN VIEW FROM THE JACUZZI'S...
335,000.00$ US
CLUB REAL
Playa del Carmen - Playacar II Golf
lot / 0 Bedrooms
For the lovers of the sport in an exclusive place surrounded by an ebullient forest in heart of Playa del Carmen.
169,000.00$ US
Casa Jack
Playa del Carmen - Playacar II Golf
Villa / 5 Bedrooms
One of the most luxury Villas in playa del Carmen!
Almost finished. Located in the most exclusive Golf Course gated community in Playacar.
7 bathrooms, 3 bedrooms, plus 2 independent studios, in 2 spacious floors.
Luxury finishes. Independent...
1,600,000.00$ US
Departamento Marcela
Playa del Carmen - Playacar II Golf
Condo / 2 Bedrooms
Exclusive Playacar condo. Inside a gated community in Playacar.
24 hours security, full furnished.
pool with golf course view.
270,000.00$ US
Villa MayaMar A11
Playa del Carmen - Playacar II Golf
Villa / 3 Bedrooms
MayaMar Villas feature 3 bedrooms and 3 bathrooms. The master bedroom has a king size bed, a relaxing jacuzzi and a beautiful balcony. The second bedroom has 2 doubles beds,The third bedroom, with private access to the pool, has a queen size bed.
The spacious...
339,000.00$ US
CASA MAYA, CHEMUYIL
Chemuyil
Villa / 3 Bedrooms
House for sale, great investment opportunity
Climates in the 3 bedrooms of Mitsubishi 12000BTU Solar system consisting of 11 brand .... backup batteries, 21 solar panels 500w c / u, 3 inverters that allow the passage of 10,000 wts, controller, 2 gas generators...
816,000.00$ US
Aqua Village
Playa del Carmen - Downtown
Condo / 2 Bedrooms
In perfect location is this beautiful apartment located in downtown area. Excellent investment opportunity. The department has spacious and illuminated spaces. The 2 bedrooms are ensuite and dressing. The living room area is spacious. This...
129,000.00$ US
Casa Opa
Playa del Carmen - Playacar II Golf
Villa / 4 Bedrooms
Excellent opportunity to purchase this beautiful home at a super low price!!!
At Club Royal is located this beautiful 4 spacious bethrooms, three bathrooms, service area. The whole house has air conditioning and ceiling fans. ...
300,000.00$ US
PLAYA DEL SOL
Playa del Carmen - Privanza del Mar
Villa / 3 Bedrooms
....
96,000.00$ US
Lot CLUB REAL
Playa del Carmen - Playacar II Golf
lot / 0 Bedrooms
Lot for sale in an exclusive place surrounded by an ebullient forest in heart of Playa del Carmen.
225,000.00$ US
CONDO AMALFI
Playa del Carmen - Downtown
Condo / 3 Bedrooms
....
270,000.00$ US
Villa PLAYAMAR
Playa del Carmen - Downtown
Villa / 2 Bedrooms
Playacaris a private gated community built around the beautiful world-class Playacar Golf Course. With 24 hour security and easy access to 5th avenue and Playa del Carmen, Playacar is a fantastic choice for those looking...
300,000.00$ US
CASA DEL MAR 213
Playa del Carmen - Coco Beach
Condo / 2 Bedrooms
DEL MAR is perfectly located, beach front, in Playa del Carmen, in an area known as cocobeach.
The master bedroom has a king size bed, en-suite bath and also you will have a great ocean view from the common terrace and...
428,000.00$ US
CONDO LA CONCHA 2
Playa del Carmen - Playacar II Golf
Condo / 2 Bedrooms
In the exclusive gated community of Playacar is this comfortable and nice apartment for sale. The apartment has two bedrooms. The master bedroom has a full bath. The second bedroom can use another shared bathroom, the view from this bedroom faces the pool...
107,000.00$ US
CONDO MERIDIAN 205
Playa del Carmen - Coco Beach
Condo / 2 Bedrooms
Beautiful, large 2-bedroom condo at the north end of downtown Playa del Carmen.
The building is located on First Avenue only 1 block to Coco beach. The condo is on the 3rd floor of The Meridian condominium complex (2007) that has a large ocean view sundeck with...
260,000.00$ US