Real Estate in
Mexico
Providing counsel and representation to serious foreign real estate buyers and sellers in Mexico.
Mexican Property Law
Mexican Property law does not allow a foreigner to directly own property within 50 kilometers from the water or 100 kilometers from an international border. Unforuntately, expats and foriegner investors typically desire property near the water. However, there are ways to legally circumvent these laws and ensure you get the property you want. Though, navigating the tricky waters of Mexican Property law alone is risky. CrossBoder Legal connects you with the representation from experienced Mexican real estate lawyers.
Step-by-Step Process
Cross Border Legal offers clients the full service of purchasing a home or property in Mexico, including, but not limited to:
•Performing the Necessary Due Diligence of the Development
•Suitability of the Development for the Client
•Review of the Purchasing Agreement
•Placing Any Purchases in Will
•Acquiring a Temporary/Permanent Visa.
Foreign Acquisition of Property
Foreigners do not enjoy the same property rights in Mexico as Mexican citizens. However, there are a couple ways that allow someone to get the same bennefit of "owning" a property without actually owning it.
Fideocomiso
This is a Mexican Property Trust. A Mexican bank of your choice holds title to the property and you act as the beneficiary of the title. Simply put, you get to enjoy the property, rent it out as an investment, or sell it. When setting up a Fideocomiso, the benneficiary must make sure that he/she continues to renew the trust every 50 years. There is no limit on renewing the fideocomiso. The process of establishing a fideocomiso can take a few months and it is important to have a lawyer looking after your best interests.
Mexican Corporation
Like any corporation, you will need at least two partners. Once established, the corporation will acquire the propertty. You can also use the corporation to acquire other assets or start businesses. The process of creating a Mexican corporation is relatively cheap and fast.
Residency Requirements
Mexico does not require a foriegn purchaser of property to be a resident or have some special immigration status. Nonetheless, we can stil help purchasers of property simultaneously apply for a visa.
TRUST
Highly talented lawyers, transparent through every step.
EXPERIENCE
Laws are different throughout the world. Connect with a lawyer familiar with the landscape.
