Not everybody knows that foreigners can own beachfront real estate in Mexico and that the process is 100% legal and safe. A foreigner can purchase property in two ways: through a bank trust (Fideicomiso) or by registering a company in Mexico. Today we will talk about the bank trust. Restricted Zone Under the Mexican … [Read more...] about How to Purchase Property in the Riviera Maya Using a Bank Trust
Mexico Property Ownership
No More Bank Trust for Mexico Real Estate Buyers?!?
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 … [Read more...] about No More Bank Trust for Mexico Real Estate Buyers?!?