Ownership trough a Trust?
Restriced Zone: Under Article 27, Section I of the Mexican Constitution, foreigners cannot acquire direct dominion over properties within an area of 100 kilometers along the borders, or 50 kilometers from the coast.
The trust is the only means that the Mexican Foreign Investment Act allows for foreigners to utilize, enjoy and exploit a residential property located in the restricted zone, and issue instructions for it to be transferred to another person, being able to engage in practically all the activities of owner, without having the "direct dominion", which is held by the trustee (bank). These trusts can last for 50 years and the banks must request permission from the Ministry of Foreign Relations to establish same.
The trust offers full legal security and reliability for the person who acquires the right to use and enjoyment of the property.
is our Strategic
Partner who provides the Trust services for our mortgage Customers. Deutsche
Bank is a leading global investment bank with a strong and profitable private
clients franchise. A leader in Germany and Europe, the bank is continuously
growing in North America, Asia and key emerging markets.
With Scotiabank and Deutsche Bank, you have the support of two reputable, internationally known financial institutions.
Guarantee and Restricted Zone Trust
Trustee:
First trust
beneficiary:
Second trust beneficiary: Borrower Customer
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