All Mexico real estate and business transactions are processed by a local Notario Publico. A Mexico Notario Publico is a licensed attorney and among a select/privileged few that are licensed by the Mexico government to process and record property and business transactions, collect taxes and arbitrate disputes, among other permitted services.
The Mexican Constitution prohibits direct ownership by foreigners of real estate within 100 kilometers (about 62 miles) of any border, and within 50 kilometers (about 31 miles) of any coastline. In order to permit foreign investment in these areas, the Mexican government has created a trust mechanism (contrato de fideicomiso) in which a bank has title to the property, but a trust beneficiary enjoys the benefits of ownership. The Bank Trust Agreement (contrato de fideicomiso) allows for renewable long term leases that may be sold or enjoyed by your heirs.
A foreigner may be the sole and exclusive stockholder of a Mexican corporation which may hold fee simple title to non-residential property in the prohibited zone. There is a broad definition for "non-residential" property.
It is highly
recommended that you seek the advice of licensed Mexico attorney when
considering the many aspects of a Mexico real estate or business investment.
Mexico Title Insurance is now available from several reputable international title insurance companies.
