The Trustee and term of the Bank Trust

The fideicomiso, or trust, mechanism for foreign ownership of real property in Mexico's restricted zone, vests title to the property with a Mexican bank of the buyer's choice. The bank acts in a fiduciary capacity as trustee, with the buyer as beneficiary to the trust. Beneficial rights to the property are recorded in the public registry by a Notario Publico (public notary), who is an attorney appointed by the state governor.

The Foreign Investment Law was amended in 1994 to allow bank trusts to be granted and extended in 50 year periods. Bank trusts may be perpetually renewed at any time, providing uninterrupted beneficial rights to usage of your property, thereby protecting both your real estate investment, and the ability to pass the asset on to your heirs.

Cost to establish a trust

For information about the costs associated with establishing and maintaining a bank trust (fideicomiso), please contact one of our Sales Associates at ventas@puertoloscabos.com

From Los Cabos: 146-9656