Foreigners Can Buy Property In Mexico
The Two most common ways is for foreign ownership is:
1. Bank Trust
2. Mexican Corporation
Most people buying property in Cozumel buy with a bank trust, called a Fideicomiso (fee-day-co-miss-oh) . This trust is held by the bank and protects you as a foreigner investing in Mexico. The fee is determined by a percentage of your purchase price, you will be advised of the amount of this charge before you make an offer on a property. The cost to maintain this trust is approximately $500.00 USD per year. There are many descriptions of this process, please contact us and we will be happy to give you more information.
There are other options for investing in Mexico, one being the formation of a Mexican corporation. This process is not complicated and allows you to sponsor yourself to work in the country as well. Again, there is a vast amount of information available and we will be happy to assist you in these matters. Our attorney is also an expert in this area and it is our privilege to offer his services to you.