As mentioned in the Mexican constitution, no foreigner can acquire land directly in Mexico. If you are a Canadian who wishes to acquire land in the region called the restricted zone it needs to be done through a trust. Here are the four basic things you need to know about a bank trust here in Mexico. If you are a non-Mexican, Canadian or American and you wish to buy … [Read more...] about 4 Basic Facts About Bank Trusts in Mexico
Mexico Fideicomiso / Bank Trust
There was once a time when Canadians and Americans were not allowed to buy property in Mexico that was 50 km from any coastline or 100 km of a neighboring country. This zone meant that nobody other than Mexican nationals were allowed to invest in lands located within these areas. However times have changed and the coastal and border areas that used to be restricted from foreign … [Read more...] about Mexican Corporation vs. Bank Trust
Yesterday, I had the pleasure of spending the day with an old friend of mine, one of our Top Brokers and one of the most significant contributors to professionalism and international connections for Mexico real estate. Among other items, we took a look at some of the most exciting developments in Playa del Carmen real estate and the surrounding area. Here's a re-post from … [Read more...] about Linda Neil Explores Playa del Carmen Real EstateLinda Neil explora los bienes raíces en Playa del Carmen con nosotros.
We've received some very exciting and important news: It looks very likely that Americans, Canadians and other non-Mexicans will no longer be required to own property in Mexico by means of a Bank Trust! The Bill Passes the Chamber of Deputies This afternoon, Mexico's lower legislative house ("Chamber of Deputies" which is basically the same as the our House of … [Read more...] about BREAKING NEWS – Bill to Eliminate Mexico’s Bank Trust Passes First Step!Reforma a la ley permitirá que extranjeros puedan comprar propiedades en la playa.
Yesterday, a reliable Mexican newspaper called Milenio announced that 3 of Mexico's federal representatives have proposed a bill to remove the need for ownership by means of a Bank Trust (or "fideicomiso" in Spanish) and allow for direct ownership. If this bill is passed to law, it would make it simpler and even less expensive for Americans, Canadians and other non-Mexicans to … [Read more...] about No More Bank Trust for Mexico Real Estate Buyers?!?