What restrictions for purchasing property/buildings exist for foreign corporations or Mexican corporations with foreign partners?
Most people believe that there are significant restrictions to foreigners or foreign companies buying and holding property out right in Mexico, but that really is not the case, especially for foreigners with companies in Mexico. Unless property/buildings are located within 50 miles of the coasts or 100 miles of the Mexican border, foreigners or foreign-owned companies can own real estate without limitation and without a Mexican partner or shareholder. If real estate is located within the above areas, companies with foreign shareholders or partners can still own property without restriction but foreign individuals must use a 99 year renewable trust to purchase said property.
