There is a lot of inaccurate information out there, but the short answer is that you do have the same rights to own property in Mexico as a citizen, including the ability to buy, sell, rent, and hold it. A Fideicomiso or Trust is the most popular tool for accomplishing this. The trust you might already have in the United States or Canada is fairly similar to this one.
In fact, many wealthy Mexican families keep their assets in a fideicomiso so that ownership can be easily transferred to their children or another designated beneficiary in the event of their passing. Another alternative is to incorporate a Mexican corporation to hold title to the property, but this is far less common.
Mexican law prohibits US citizens from owning property within 100 kilometers of Mexico’s international borders. Both Americans and people of other nations are affected by this. Owning land or property 50 kilometers or fewer from the natural ocean line is forbidden by the same statute. The Gulf of Mexico is enclosed by these oceanic boundaries. A Licensed Realtor in Los Cabos can assist you in comprehending the specifics of how to take title on your Mexico property as they may apply to your unique situation.
