property restrictions apply in this zone for forei
Post# of 8054
Posted On: 08/20/2014 4:30:26 AM
property restrictions apply in this zone for foreigners
Mexico imposes restrictions on foreign ownership of land within 50 kilometers of the coast and within 100 kilometers of a land border. However, they allowed, in the 1990s, foreigners to hold property in these zones through a fideicomiso (bank trust). There have been rumblings that Mexico might eliminate this restriction altogether; however, currently the only way for a foreigner to hold property in the restricted zones is through a trust.
Mexico imposes restrictions on foreign ownership of land within 50 kilometers of the coast and within 100 kilometers of a land border. However, they allowed, in the 1990s, foreigners to hold property in these zones through a fideicomiso (bank trust). There have been rumblings that Mexico might eliminate this restriction altogether; however, currently the only way for a foreigner to hold property in the restricted zones is through a trust.
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