Is it true that an American Citizen can not own land in Mexico?

Question

I heard that we can not purchase land in Mexico , that we can only lease it. Is there any truth to this?

Answer 1

Until recently, a foreigner could only purchase land through a Mexican-based trust...meaning the foreigner technically did not own the land. Now, foreigners can own land outright but not in prime locations, eg. near the coast, near the border, etc...These still have to be purchased and held via the trust.

It's ironic that Mexico and Mexicans scream about US policy, when Mexico is 100 times more discriminatory with regard to its laws and policies concerning non-Mexicans, eg. foreign ownership of land, designating Spanish as the sole official language of Mexico, preventing foreign-born persons from holding large numbers of designated jobs that are reserved solely for native-born Mexicans, etc...etc...They are arguably the most hypocritical country in the Northern Hemisphere.

Answer 2

I've heard that. My stepfather is thinking about buying land down there, and he has mentioned that very principle. There are several ways around it. I've only vaguely heard these, but I hear what ends up happening is that you lease the land for 99 years and after that, the land is bequeathed..perhaps to your kids. I heard you can also go through a legal process where you have Mexican co-owner and after some process, the title is solely under your name.

good question, it bears looking up.....yet as of right now I gotta get back to work..good ole night job.

Answer 3

of direction US income Mexico is greater proper then the rarest metallic or gem stone, to maximum persons there. in actuality that's an incredible first investment. My chum's dad offered 20 acres of land there for 780 US funds and a few livestock for slightly over a 1000 funds from a adverse farmer who became very previous. He became greater suitable than satisfied to have 1780 US income his pocket, so i became instructed. i think of it additionally helped that he had traveled many cases to Mexico and had kin there. by using rules in Mexico, he could make funds off the land and cows, he would desire to even stay there, yet he won't see the call to the valuables. it relatively is kinda like a LEASEHOLD!!!!

Answer 4

No we can own land, but we are under many restrictions if we don't get citizenship there. Also pay higher taxes. The regular citizens have fewer rule to follow.

The same with owning businesses there. Especially with the higher taxes.

Answer 5

No that is not entirely true. Some parts of Mexico it is true. It just depends where you go.

Answer 6

If it is like this why not to go a little bit further south in central America and grab as much as you like.Only thing is they will call you Duringo instead of Yankee.

Answer 7

No it isn't true and plenty of Americans move there whether it's for a job position or after they retire.

Answer 8

that is technichly true but there are ways around it.if you live in mexico you can more easily.

Answer 9

i have never heard that.

Answer 10

no