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Through a trust(fideicomiso)the only legal instrument and the most advantageous available,foreigners can acquire land in Mexico for residential or touristic purposes, having the samerights and obligations that a full ownership property gives.
In Mexico, a Trust Institution is that banking institution which is authorized to open fiduciary accounts and conduct trust operations. The Trustee (bank institution) holds legal title to the real estate property during the term of the trust.
In the trust deed, the present owner of the land would appear as the settler or trustor (fideicomitente) and would thereby deliver title of the real estate to the trustee (you)who would hold the property during the life of the trust, 50 years.
As the Trust Beneficiary, you will have the use and possession of the property, that is, you also have the capacity to instruct the Trustee on mortgaging the real estate, renting , selling,or transferring .
According to article 13 of this Law,; the Foreign Affairs Ministry shall allow the renewal of trusts over the restricted zones upon expiration of their term (up to 50 years)
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A brand new 15 townhouses project named
Heavenly Villas in Mayan. Surrounded by the golf
course on three sides in Puerto Aventuras Mexico.
Offers a large living and dining area , outdoor
patio with extra 68 m2 of private garden on the
backyard , kitchen with cabinet doors finished in
melamine, granite counter top, stainless steel sink,
hood, and 4 burner gas stove and oven . All
carpentry in mexican teka wood.
Heavenly Villas in Mayan. Surrounded by the golf
course on three sides in Puerto Aventuras Mexico.
Offers a large living and dining area , outdoor
patio with extra 68 m2 of private garden on the
backyard , kitchen with cabinet doors finished in
melamine, granite counter top, stainless steel sink,
hood, and 4 burner gas stove and oven . All
carpentry in mexican teka wood.
