| |
FAQ
What is a Fideicomiso?
| |
It is a Contract in which a Mexican Bank
obtains a permit from the Department of Foreign Affairs
(SRE) to buy a property located within the restricted
area, granting the use and enjoyment rights to a non-Mexican
citizen.
It is also the legal, permanent and exclusive way for
non-Mexican to obtain the rights of use and enjoyment
of a Real State located within the restricted area. |
| |
|
Why do I need a Fideicomiso?
| |
Mexican authorities limit property ownership
in restricted areas such as beaches and borders. However,
they grant discretionary power to the State to make it
extensive to foreigners through the Mexican Department
of Foreign Affairs (SRE). Therefore, if a non-Mexican
wants to acquire a property in this area, he or she will
have to do it through a Fideicomiso. |
| |
|
What is the restricted area?
| |
It is the strip that covers the first 50
Kms. (31 Miles) of the sea coast and the first 100 Kms.
(62 Miles) of the International borders. |
| |
|
How long is the validity of the Fideicomiso?
| |
The Fideicomiso is valid for up to a period
of fifty years and it can be renewed previous authorization
of Mexican Department of Foreign Affairs (SRE), as long
as the extension does not exceed that period. |
| |
|
What are the fees for establishing a
Fideicomiso?
| |
These are the expenses that the non-Mexican
citizen has to pay the Mexican Bank, for creating the
Fideicomiso. An annuity for management expenses must also
be paid in advance.
The payments for the Mexican Department of Foreign Affairs
(SRE) permit and the Foreign Investment National Registry
(RNIE) registration, should also be considered. |
| |
|
Besides the fees for establishing a
Fideicomiso, what other expenses have to be paid as part of
the transaction?
| |
The fees, taxes and expenses that arise
from the exectution of the trust deed before a Notary
Public, must also be paid.
The costs and taxes of the operation are equal to those
that would be paid for a normal title transfer from one
Mexican to another. |
| |
|
Documents
|
