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Do inecessarily need to become a citizen to own land?

2006-09-26 10:22:03 · 3 answers · asked by guera_chula_82 1 in Society & Culture Cultures & Groups Other - Cultures & Groups

3 answers

Foreigners can not own land in Mexico. You can marry a Mexican citizen and own land with your spouse, but should you divorce, you are not entitled to be a land owner anymore.

Because the Mexican Constitution prohibits foreigners from purchasing or owning real estate within 60 miles of an international border or within 30 miles of the Mexican Coast, a new, safe method of holding title was created.

You need to set up a trust. You must name the Beneficiary or foreign owner for the property. This can be you personally, multiple partners, a foreign corporation, an estate trust, a living will, or other entity. The Trustee of the Trust (the Mexican Bank) will take direction from whomever you name as the Beneficiary.

2006-09-26 10:30:51 · answer #1 · answered by ldylili 3 · 0 0

Money, thats it, plain and simple. In Mexico cash speaks every language.

2006-09-26 17:24:38 · answer #2 · answered by rswdew 5 · 0 0

money my dear

2006-09-26 17:29:24 · answer #3 · answered by Anonymous · 0 0

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