Yes, foreigners can buy property outside the restricted zone without restrictions.

No, no special permission is required for property purchases outside the restricted zone.

Any area located outside the 100 km from borders and 50 km from coastlines is considered a non-restricted zone.

It is a legal agreement in which a Mexican bank holds the title to the property, but the foreigner has all rights of use and enjoyment.

A bank trust lasts for an initial period of 50 years, with the option to renew for additional terms.

The foreigner has the same rights as a Mexican property owner: they can use, enjoy, rent, sell, or inherit the property.

Banks such as Bancomer, Banamex, Santander, and HSBC offer fideicomiso services.

The costs include an initial fee for establishing the trust and an annual maintenance fee, as well as notary fees and taxes.

Yes, the foreigner can sell the property, and the trust will be transferred to the new buyer.

It is a permit issued by the Ministry of Foreign Affairs (SRE) of Mexico, allowing the bank to establish the fideicomiso on behalf of the foreign buyer.

It typically takes between 2 to 4 weeks to obtain the permit.

The bank acting as the trustee submits the request on behalf of the foreign buyer.

No, it is only required for properties within restricted zones.

1. Choose the property.
2. Sign the purchase agreement.
3. Request the fideicomiso from the bank (for restricted zones).
4. Obtain the SRE permit (for restricted zones).
5. Sign the public deed before a notary.
6. Register the property with the Public Registry of Property.

Required documents include the foreign buyer’s passport, the purchase agreement, and the public deed of the property.

While not mandatory, it is highly recommended to work with a real estate lawyer to review documents and ensure the legality of the transaction.

Yes, the purchase must be formalized through a notary public, who drafts and authenticates the deed.

The notary verifies the legality of the transaction, prepares the public deed, and registers it with the Public Registry of Property.

Taxes include the property acquisition tax and property tax (predial).

The tax varies by state, typically ranging from 2% to 4% of the property’s value.

No specific tax incentives exist for foreigners, but Mexican tax laws are competitive.

This depends on the tax laws of the foreign buyer’s home country, so consulting with a tax advisor is recommended.

Yes, some Mexican banks offer mortgages to foreigners.

Yes, foreigners can form a Mexican corporation, which can directly purchase property without the need for a fideicomiso.

The foreign buyer must comply with Mexican tax and legal regulations to form a corporation.

No, the corporation can be 100% foreign-owned.

It allows direct ownership without the need for a bank trust.

It can be more expensive and requires ongoing compliance with Mexican tax and legal obligations.

A foreigner has the same rights as a Mexican property owner if they purchase outside the restricted zone or through a fideicomiso.

Yes, the property can be inherited by designated beneficiaries under the terms of the fideicomiso.

They can sell the property at any time, and the trust will transfer to the new owner.

No, the process is similar to selling any other property.

Notary fees typically range between 1% and 2% of the property’s value.

Other costs include registration fees, certificates of no encumbrance, and administrative fees.

Yes, real estate commissions are usually paid by the seller, though this may vary.

The annual maintenance fee varies, generally ranging between $500 and $1,000 USD per year.

Yes, the process is safe as long as all legal procedures are followed correctly.

Tijuana and Ciudad Juárez are two of the most popular border cities due to their proximity to the United States.

Foreigners often seek properties with good security, prime locations, proximity to services, and in coastal areas, access to beaches and scenic views.

No, an RFC is not required for the purchase itself, but it is recommended if the foreigner plans to carry out commercial transactions or wants to deduct taxes related to the property.

Foreigners can rent out their properties in Mexico without restrictions. If the property is under a fideicomiso, there are no limitations on renting it out.

The necessary documents include the public deed issued by the notary, the SRE permit (if applicable), and the buyer’s identification, such as a passport.

Yes, it is advisable to work with a local real estate agent who understands the market and can help navigate the purchase process, including negotiations and paperwork.

A notary verifies the legality of the transaction, prepares the public deed, and registers the property with the Public Registry of Property.

Yes, several Mexican banks offer mortgages to foreigners, but the terms and interest rates may vary depending on the institution and the buyer’s financial profile.

Requirements typically include proof of credit history, verifiable income, and a valid passport. Each bank has specific criteria that the foreign buyer must meet.

This depends on the individual’s financial situation. Some foreigners prefer to pay in cash, while others take advantage of mortgage loans offered by Mexican banks.

Yes, buying property in Mexico is safe if all the legal procedures are followed. Working with reputable professionals, such as a notary, lawyer, and real estate agent, helps ensure the transaction is secure.

Precautions include ensuring that the title of the property is clear, verifying that the property is free of liens, and working with a trusted notary and lawyer.

Common issues include incomplete property titles, lack of clarity regarding fideicomiso restrictions, and potential zoning problems in certain areas.

Yes, many foreigners invest in new developments or pre-construction projects, especially in tourist areas where modern amenities and luxury options are highly attractive.