What is a Fideicomiso?
Well, odds are you are already familiar with it! In simple terms it is a trust that allows foreigners to purchase land in Mexico. Continue reading this issue of Terry Insight and learn all about it!
As a foreigner you often hear about how buying a property in Mexico must be scary or difficult. Well thankfully we're here to tell you it's not. Thanks to a handy tool we call Fideicomiso or trust in english. Fideicomiso in Mexico is very similar to a U.S/Canada trust. It is set up with a bank in Mexico which acts as an administrator.
You as the property owner become the beneficiary of the trust enabling you to sell, buy, or improve the property as you desire. The fideicomiso also protects you from lawsuits seeking the…
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