Foreigners can legally own Mexican ocean front property

Article:

YES, Foreigners can Legally own

Mexican Ocean Front Properties

- By Thomas L. Lloyd

There is a common misconception, that buying real estate in Mexico is constitutionally prohibited for Americans, Canadians and all other Mexican Foreigners. But with reforms to the Constitution, acquiring Mexican land is ACTUALLY promoted by the Mexican Government to foreigners with programs specifically designed to enhance this source of foreign investment and income.

Over the next few months, we will be forwarding several articles regarding these Mexican Real Estate issues. These articles are intended to introduce your offices and your clients to the new and EXCITING investment and retirement opportunities that are readily becoming available over the past few and coming years.

These articles are written to give the readers a brief introduction and overview to the following topics:

I. THE MEXICAN CONSTITUTION INVOLVING FOREIGN OWNERSHIP OF REAL ESTATE

II. OCEAN FRONT PROPERTIES AND THE FEDERAL ZONE

III. THE MEXICAN “EJIDO” LAND

IV. FIDEICOMISO, ESTABLISHING A TRUST TO PURCHASE MEXICAN PROPERTY

V. MEXICAN CORPORATIONS, ESTABLISHING A MEXICAN ENTITY TO PURCHASE MEXICAN PROPERTY