Legislation in Yucatan: here you will find all the insights you need to know about Mexican legislation before investing in Yucatan, Mexico.
Here you will find all the insights you need to know about Mexican legislation before investing in Yucatan, Mexico.
FIDEICOMISO
Legal Structure
Mexican Fideicomiso is a legal structure often used by foreigners to acquire ownership of real estate located in restricted zones. Typically near coastlines and international boders. This structure allows foreigners to buy and hold real estate in these areas without violating mexican laws that prohibit direct ownership of land by foreigners in certain zones deemed strategic for the country.
The Fideicomiso contract is registreted with the Ministry of tourism (SECTUR), in Mexico.
The duration of the mexican Fideicomiso is typically 50 years and can be renewed for another 50-year period. Providinglong-term security for the foreign buyer and their heirs.
Ownership Status
It is essential to note that the Fideicomiso is not a lease or concession but actual ownership held by the foreign buyer.
The Beneficiary (The Foreign Buyer) Retains All Ownership Rights
Use
Enjoyment
Disposition of
the property
The beneficiary can
Sell
Rent
Mortage
Transfert the property
to their heirs
Payment facilities
The trustee acts as an intermediary between the foreign owner and mexican authorities. Facilitating the payment of property taxes and other legal obligations.
