Foreigners in Baja can enjoy all the benefits of beach property ownership via a bank trust. The trust allows the beneficiary to sell the property rights to another foreigner or Mexican. At the time of death, trust benefits are transferred to designated heirs who can transfer hereditary rights in perpetuity. In order to assure the property title can be transferred to a foreigner, the seller must provide proof of title, registered in the public record and free of liens.
Fideicomiso or Bank Trust is the only option which a foreigner in Mexico can acquire and maintain a property on the restricted zone, according to the article 27 of the Constitution and the stipulated in the Mexican foreign investment law. At Jose Gaytan & Associates we will help you understand what you need to enjoy a beach property in Mexico.