If you are a foreign citizen and you want to buy a REAL ESTATE near a Mexican beach or border, you should know the following:
Mexican law prevents the direct acquisition of properties that are located:
In order to acquire inside this Restricted Zone it is necessary to do it through the constitution of a Trust, for this you will need to obtain a permit from the Ministry of Foreign Affairs, this permit is valid for 50 years and can be renewed for another 50 years before its expiration.
Your Trust must be prepared by a professional in the field and must be recorded in a public deed, so you will need a Notary for it, the same will be in charge of receiving the payment of taxes for the purchase of your property and will pay the corresponding authority, and will also register the operation in the Public Registry of the place where the property is located.
The Trustee must be a Bank constituted in Mexico to whom you must pay a fee once a year for the administration. Do not worry about the cost as it is generally not very high.
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If you are the owner of a Trust, you must designate your beneficiaries, so that in the event of your death, they will be the ones to enjoy the rights you had with respect to the property you purchased.
Once you Trust is constitute you will be able to use the property for living, rent or lend, also you will be able to sell it at any time, but for this you will need the Trustee to sign the termination of the Trust in the same sale contract, if you sell the property you will be the only owner of the money, in any time the bank will be able to keep part of the sale price.
In RFS abogados we have all the professionals you need to make your acquisition, we make the direct mediation with the bank (trustee) to facilitate the processes and avoid major problems to our customers, come to us and we can support you.
In RFS abogados we have all the professionals you need to make your acquisition,
Baja California Sur
Baja California
Sonora
Coahuila
Chihuahua
Nuevo León
Tamaulipas
Veracruz
Tabasco
Campeche
Yucatán
Quintana Roo
Chiapas
Oaxaca
Guerrero
Colima
Michoacán
Jalisco
Nayarit
Sinaloa
En RFS Abogados contamos con todos los profesionales
que necesitas para lograr tu adquisición.
The area marked in red is considered a restricted zone for foreign sales.
In RFS abogados we have all the professionals you need to make your acquisition.
The area marked in red is considered a restricted zone for foreign sales.
In RFS abogados we have all the professionals you need to make your acquisition.