Ownership Frequently Asked Questions
Foreign Ownership Overview
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Foreigners citizens may obtain direct ownership of property in the interior of Mexico. However, under Mexican law, foreigners cannot own property outright within the restricted zone. Instead, a real estate trust must be set up to hold the title for the foreigner. Since foreigners are not able to enter into contracts in buying real estate, they must have a bank to act on their behalf, much as a trust is used to hold property for minors because they also can not contract. The following is a brief outline of the law regarding such trust, known as Fideicomiso, but potential buyers should always get advice and have all real estate transactions overviewed by a licensed Mexican attorney.