Fideicomiso (Bank Trust for Property)
A fideicomiso is a bank trust that lets foreigners hold residential property in Mexico's restricted zone, the land within 100 km of international borders and 50 km of the coasts. A Mexican bank holds legal title and the foreign buyer is the beneficiary with full use and control.
How it works
- The trust usually lasts 50 years and can be renewed.
- You can sell, rent, renovate, or pass the property to heirs you name in the trust.
- Setting it up needs a permit from the SRE and a notario público, who handles the closing.
- The bank charges a setup fee and an annual fee.
Outside the restricted zone, foreigners can usually own property directly after agreeing to the foreigner clause with the SRE. A Mexican corporation is another option for some buyers.
Buying property does not give you residency by itself, though property value can support permanent residency in some cases. See our fideicomiso guide and ejido land.
Frequently asked questions
Do I own the property in a fideicomiso?
You hold beneficial rights: use, sale, rental, and inheritance. The bank holds legal title as trustee.
How long does a fideicomiso last?
Usually 50 years, renewable.
Do I need a fideicomiso in Mexico City?
Not if the property is outside the restricted zone. You can usually own directly.
Official sources
- SRE: Official sitegob.mx
General information, not legal advice. NorthAmericans.com is independent and not affiliated with any government.