FAQ’s

A clear answer is “Yes”. Over the years, México has made arrangements to facilitate the purchase of properties to foreign investors. Riviera Maya is located within a restricted zone in the country, so there are two ways you can own property here:

Fideicomiso. A real estate trust is held under your name by the national bank of your choosing.

Mexican Corporation. A Mexican corporation is established where you appoint yourself or others as owners, once formed, the corporation will own your properties.

It is a real estate trust fund very similar to one you may hold in the United States, except that the designated trustee must be an authorized Mexican financial institution such as Citibank, Scotiabank, Bancomer, amongst others. Exactly like in the US, this trust gives the buyer full ownership of the property they are purchasing, but instead of being the “owner”, they are stated as the first beneficiary. This allows the person to benefit from improving, remodeling, fixing, renting, or selling the property without restriction.

No. A fideicomiso is established by the government and gives foreigners the same rights of ownership as Mexican citizens. The only difference is that they never receive the actual fee simple title. The Mexican government may not directly or indirectly expropriate property, except for two reasons:

a) For a public purpose, like building railroads or highways to name a couple. In which case, the owner would receive fair market compensation.

b) Having been found guilty of either one of these major illegal activities: human trafficking, kidnapping, vehicle theft or drug dealing.

This is an option you may choose but is not enforced. This insurance policy for the property ownership is not as common in Mexico as it is in the US, but several law firms have this service available should you choose to include it for your closing.

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