{"id":215,"date":"2013-03-28T10:06:58","date_gmt":"2013-03-28T16:06:58","guid":{"rendered":"http:\/\/www.topmexicorealestate.com\/brokers\/?p=215"},"modified":"2014-08-22T11:15:10","modified_gmt":"2014-08-22T16:15:10","slug":"can-americans-legally-own-property-in-mexico","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/brokers\/2013\/03\/can-americans-legally-own-property-in-mexico\/","title":{"rendered":"Can Americans Legally Own Property in Mexico?"},"content":{"rendered":"

\"BankThis is one of the most common concerns and questions that turn up.\u00a0 And it makes perfect that your clients want to be sure about this before investing time and money into a\u00a0Mexico real estate<\/a> search.<\/p>\n

 <\/p>\n

To be 100% clear right from the beginning – yes, Americans and other non-Mexicans can own property in Mexico legally and safely.<\/strong><\/em>\u00a0 However there are three different situations in which buyers will find themselves:<\/p>\n

 <\/p>\n

1. Direct Ownership – Inland Locations<\/strong><\/p>\n

Inland locations that are not near an international border, such as\u00a0Morelia real estate<\/a> or Lake Chapala real estate<\/a>, allow for direct ownership where the property is titled in the name of the foreigner.\u00a0 No extra steps are required.<\/p>\n

 <\/p>\n

2. Ownership by Bank Trust – Coastal and Border Areas<\/strong><\/p>\n

Within 30 miles of the coast or 60 miles of an international border (U.S. or Belize\/Guatamala) non-Mexicans must own by means of a bank trust.\u00a0 The bank holds the title of the property as the first beneficiary.\u00a0 The non-Mexican owner is\u00a0 listed as the second beneficiary and is given all the rights of direct ownership, including modification, construction, rental income, sale, profitable, etc.<\/p>\n

 <\/p>\n

This vehicle of ownership is spelled out in a contract and upheld by the law.\u00a0 It is entirely safe and secure.\u00a0 In fact, it even offers some advantages such as easier inheritance.<\/p>\n

 <\/p>\n

The reason for this arrangement (and for the confusion for buyers) is that due to instability at the time, Mexico’s 1917 constitution prohibits foreign ownership of property in these areas.\u00a0 During the 70s, the government saw the benefit of allowing foreign investment into real estate in these high-demand tourist areas.\u00a0 Instead of changing the constitution, it was easier to create a legal and safe vehicle for foreign ownership.<\/p>\n

 <\/p>\n

3. Mexican Corporation<\/strong><\/p>\n

A third situation is that in any part of Mexico (inland, coastal or border regions) a non-Mexican can establish a Mexican corporation.\u00a0 The Mexican corporation can then buy the property.<\/p>\n

 <\/p>\n

So, yes, Americans and other expats can own property in Mexico – safely and legally.<\/p>\n

 <\/p>\n

—<\/p>\n

Thomas Lloyd<\/strong> graduated from Purdue University Krannert School of Management with a degree in Management\/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 16 years. In the summer of 2009, he received the first federally applied Mexico Real Estate Degree <\/strong>and Mexico Professional Real Estate License<\/strong> S.E.P. #5978657. He is the president of Top Mexico Real Estate. Contact him at<\/em> (512) 879-6546<\/span><\/strong>.<\/p>\n

 <\/p>\n

The TOP<\/span> Mexico Real Estate<\/a><\/em> Network; “Mexico\u2019s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!\u201d<\/em><\/strong><\/p>\n

 <\/p>\n

\"Mexico<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is one of the most common concerns and questions that turn up.\u00a0 And it makes perfect that your clients want to be sure about this before investing time and money into a\u00a0Mexico real estate search.   To be 100% clear right from the beginning – yes, Americans and other non-Mexicans can own property in […]<\/p>\n","protected":false},"author":10,"featured_media":216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[169,53,52],"class_list":["post-215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-in-mexico","tag-buying-in-mexico","tag-fideicomiso-bank-trust","tag-owning-in-mexico"],"yoast_head":"\nCan Americans Legally Own Property in Mexico? - Brokers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.topmexicorealestate.com\/brokers\/2013\/03\/can-americans-legally-own-property-in-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Americans Legally Own Property in Mexico? 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