I’ve heard that foreigners cannot own land in Mexico, is that true?
There are two ways a foreigner can own land near the coast in Mexico. One option is a 50 year automatically renewable bank trust called a Fedeicomiso. A fedeicomiso is secured by international known title companies, we use Stewart Title Insurance Company. The other way to own land is through formation of a Mexican Corporation that holds title to the land. You must be doing business in Mexico in order to form a Mexican Corporation. In the scenario, title is fee simple title held by the Mexican Corporation. We have formed two Mexican Corporations, one for Playa Agave Azul Estates and one for Cerritos Beach. These corporations will hold title to the land for our projects.
