I thought foreigners weren’t allowed to own property in Mexico, or that to do so, one has to sign a 99-year lease with a Mexican partner? - Pura Vida Tulum Gay Resort For Men

I thought foreigners weren’t allowed to own property in Mexico, or that to do so, one has to sign a 99-year lease with a Mexican partner?

This is not the case. The North American Free Trade Agreement (NAFTA) and the Foreign Investment Law (FIL) in Mexico have significantly liberalized bans on foreign ownership of land in Mexico. Furthermore, definitive title to residential properties in the prohibited zone (50 km inland along the coast, 100 km along Mexico’s natural borders and all of Baja, California) can be held in a Mexican bank trust (fideicomiso) assigned to foreigners for 50 years and renewed upon expiration.

By | 2017-12-04T14:58:00+00:00 May 9th, 2016|