Foreign buyers purchasing property in coastal Mexico are required to use a fideicomiso, which is a Mexican bank trust. This applies to properties in places like Sayulita and San Pancho, both of which fall within the restricted coastal zone.
A fideicomiso allows Canadians and Americans to legally own property in Mexico while complying with federal law. The bank holds title to the property in trust, but the buyer retains full ownership rights. You can sell the property, rent it, remodel it, pass it on to heirs, and benefit from appreciation just as you would with direct ownership.
The fideicomiso is established with a Mexican bank at the time of purchase and is typically issued for a 50-year term that can be renewed. Buyers are responsible for an initial setup fee and an annual trust fee, which varies by bank.
While the fideicomiso is a common and secure structure, it is often misunderstood by foreign buyers. Questions about control, renewal, resale, and inheritance are very common. This is where having proper buyer representation matters.
At LunaMar International Estates, we guide buyers through the fideicomiso process from start to finish. We explain how it works, what it costs, and how it fits into your long-term plans before you move forward. Clear understanding upfront is key to buying confidently in coastal Mexico.
