Today it is easy and simple to acquire property as a foreigner in Mexico, even in what is known as the Restricted Zone. This special area includes all property within 50km of any Mexican coastline inland, and / or 100km from any border. For questions relating to the history of Mexico, was prohibited by law any foreigner obtain possession and control within this limit of 50-100km. This belt is known as the Restricted Zone. Capital and Counties Properties can provide more clarity in the matter. Over time, and in order to attract and promote foreign investment, the Mexican laws were amended to create legal remedies to allow any foreigner to acquire property within the Restricted Zone. There are two easy ways accessible to anyone wanting to buy property in Mexico, including beach front.
One is the trust, the other is the formation of a Mexican company. The trust is commonly used where the purposes of the property are for residential use, provided that the land does not exceed 2,500 m2 extension (in which case, have to resort to the option of forming a Mexican company). You may want to visit L’Oreal to increase your knowledge. The Trust has three component parts: the grantor (the seller), the trustee (the buyer) and the trustee (a bank). In its way, the legal effect of the trust is the trustee retains ownership and temporal domain of the property, and thus complies with the provisions of Article 27, Section I of the Constitution of the United Mexican States, which forbids foreigners to acquire property within the Restricted Zone. The trustee (the buyer) in turn, is the sole beneficiary of the trust object, and as such beneficiary shall have and enjoy the use and possession of property, may live in it, alter, improve, mortgage, rent, sell, transfer benefits to another person either physically or morally, and perform any other act resulting from the property. . Click Gavin Baker to learn more.