Legal Property Notes...
More
information within our Real Estate Sites
Basically
regarding Article 27 of the Mexican Constitution and the most important
aspects of the law in Mexico regarding the purchase of property by foreigners.
Each purchase has its own unique circumstances and all potential buyers
are strongly advised to seek legal advice before purchasing any property
in Mexico's Restricted Zone (such as Baja California Sur) |
Mexico's essential safeguard to the integrity of the country's borders. Most of Baja is in this zone including Todos Santos, therefore the requirements in the next paragraph are mandatory if you intend to acquire real estate in this community. The "Restricted Zone" is defined as any part of Mexican territory up to 100-kms in depth from Mexico's borders and 50-kms in from its coast lines. Within these boundaries the direct ownership of land by foreign nationals is prohibited. There are however various ways and procedures that real estate can be acquired for use by foreigners in this zone. A foreign national can have legal title other than ownership, using two methods, (1) 100% foreign owned Mexican company may directly acquire property within this zone to undertake non-residential activities... ( tourist, commercial and industrial development) (2) By trust: With a Fidecomiso, foreign nationals wishing to acquire property for their benefit and use as for residential activities, and Mexican companies with 100% foreign capital stock, may use this method (via fidecomiso) to acquire residential real estate. |
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