Learn how to purchase a home in Mexico or the U.S. as a foreigner.
A Fideicomiso, or a Mexican Trust, is not a land lease agreement; it's a legal trust structure mandated for foreigners to own property within Mexico's restricted zones.
These zones encompass land within 100 kilometers of the US border and 50 kilometers along the Mexican coastline.
A Fideicomiso is a legal substitute for deeded ownership and adheres to constitutional provisions that prohibit direct foreign ownership.
The trust is usually set up for 50 years and can be renewed for another 50 years. It can't be compromised unless there's fraud or misrepresentation, or failure to pay maintenance fees.
The trust is recorded under a Mexican trustee's name, typically a Mexican bank's trust department.
The trust set-up fee can be $2,000–$3,000 and the annual maintenance fee can be $500–$600.
