Posts: 356
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 12, 2009 02:25 PM         

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No foreigner who is not an "immigrant" to Mexico, living in Mexico can own real property in Mexico. That's the law.

In cases where tourists and non residents want to purchase Mexican property they cannot do so directly. A trust is set up which actually buys and owns the real property but the non resident or tourist cannot directly own real property in Mexico.

In the case where a non resident or tourist establishes a trust which would buy and own real property, there is an exclusion zone into which the trust cannot buy. The exclusion zone includes beach property out to about 30 miles from shore and property near Mexican borders out to about 60 miles.

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Posts: 625
From:
Registered: Apr 2009

posted June 12, 2009 03:08 PM         

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so they CAN own property there, thank you for admitting that.

and yes, quinnie, i know - it takes all sorts!

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Posts: 356
From: Madeira Beach, FL USA
Registered: Apr 2009

posted June 12, 2009 04:11 PM         

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No, they cannot OWN property in Mexico. A trust can OWN property in Mexico. A foreign born IMMIGRANT to Mexico who lives/resides in Mexico can own property in Mexico.

A US citizen who lives in the United States CANNOT own property in Mexico.

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