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New beachfront condos with excellent amenities Distrito…
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2Beds 2BathsNew Coco Beach condos for sale Menesse Life is an exciting …
1Beds 1BathsFurnished condo for sale near the beach and 5th Avenue T…
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1Beds 1BathsSuperb Coco Beach condo with rooftop amenities This luxu…
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1Beds 1BathsFurnished Detached Home in quiet gated community This sun…
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3Beds 3BathsCondo for sale near the beach and 5th Avenue This beauti…
2Beds 2BathsSpacious vacation condo for sale in Coco Beach This bright …
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2Beds 2BathsGorgeous Vacation Condo One Block from the Beach This condo…
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2Beds 2BathsSpacious vacation condo for sale in Coco Beach This brig…
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1Beds 1BathsTurnkey Condo Steps from 5th Avenue and the Beach This brig…
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1Beds 1BathsNew condos for sale in the Mamita’s Beach area Altra …
1Beds 1Baths5th Avenue Playa del Carmen Condominiums For Sale What was …
1Beds 1BathsNew commercial properties for sale near the beach and 5th Av…
Resort-style living at The Fives in Playa del Carmen No…
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2Beds 2BathsNew luxury condos with resort-style amenities Legacy by …
1Beds 1Baths“Playa del Carmen (Spanish pronunciation: ['plaʝa ðel 'karmen]) is a city located along the Caribbean Sea in the state of Quintana Roo in Mexico. It is a popular tourist area in eastern Mexico. Playa del Carmen boasts a wide array of tourist activities due to its geographical location in the Riviera Maya. It has also been the destination of PGA Tour golf tournaments and the set location for various television shows.” – Wikipedia
Yes! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso (Trust Law).
A Fideicomiso is established by the government and gives foreigners the same rights of ownership as Mexican citizens. The only difference is that they never receive the actual fee simple title. A bank holds it in trust for them. The Trust system of ownership is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico, all exclusively for the purpose and protection of enabling foreign ownership of coastal property in Mexico.
Alternatively, you may own property by establishing a Mexican corporation. The corporation is the direct owner of the property and enjoys the right to conduct business in Mexico. (Consult your agent and attorney to find out which form is best in your case).