What are the laws dealing with foreign land ownership in Mexico?
Mexico has a few unique property laws. The Constitution of Mexico prevents foreign land ownership of any property within 100 kilometers of the border or 50 kilometers of the coast, although the Mexican Foreign Investment Law of 1993 states that a foreigner or foreign corporation may acquire property ownership rights through a bank trust called a “fidelicomiso”. Also, non-residential property can be purchased through a Mexican corporation which can be foreign owned, provided it meets the conditions that corporation is subject entirely to the laws of Mexico and not those of the parent country.
