Comments on: Property Near Beaches in Mexico https://www.mexperience.com/homes-near-mexicos-beaches/ Experience More of Mexico Tue, 05 Apr 2022 11:32:41 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Mexperience https://www.mexperience.com/homes-near-mexicos-beaches/#comment-8810 Wed, 27 Jan 2016 00:06:13 +0000 https://www.mexperience.com/blogs/mexicoinsight/?p=14#comment-8810 In reply to Dulcey.

Hi Dulcey,
That is legally possible, although it would not affect the situation in regard to ownership of the beach described above. Also, such arrangements have specific tax and legal implications. You should seek professional legal and financial advice before putting property into a corporation.

]]> By: Dulcey https://www.mexperience.com/homes-near-mexicos-beaches/#comment-8809 Tue, 26 Jan 2016 23:29:26 +0000 https://www.mexperience.com/blogs/mexicoinsight/?p=14#comment-8809 Can you create a Mexican corporation and put the property into that corporation as the owner?

]]> By: Mexperience https://www.mexperience.com/homes-near-mexicos-beaches/#comment-1104 Sun, 29 Jun 2014 19:32:43 +0000 https://www.mexperience.com/blogs/mexicoinsight/?p=14#comment-1104 In reply to JIM ABBOTT.

Jim, if you are a Mexican citizen there is no need to use a trust to buy a beach-side property. However, non-Mexicans must purchase property near beaches and land borders by means of a trust. A law-bill that proposed to do-away with the trust requirement failed and so the property trust system remains. Regardless of whether you’re Mexican or foreign, you can never own the beach itself as that is Federal property.

]]> By: JIM ABBOTT https://www.mexperience.com/homes-near-mexicos-beaches/#comment-1103 Thu, 26 Jun 2014 16:49:01 +0000 https://www.mexperience.com/blogs/mexicoinsight/?p=14#comment-1103 CAN ONE REALLY OWN PROPERTY FEE SIMPLE ON BEACHES AN IN THE FEDERAL ZONE ALONG BORDERS AND BEACHES. PREVIOUSLY, PROPERTY IN THESE AREA HAD BE HELD IN TRUST BY A BANK. HAS THIS BANK TRUST LAW BEEN CHANGED ???

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