Mexican Corporation or Mexican Bank Trust (Fideicomiso)

[phil&sue]

We have a question about which is the best way to go. Should we purchase land in a Mexican Corporation or Mexican Bank Trust (Fideicomiso) and why?



Thanks for your time,

Phil & Sue

[RVGRINGO]

Unless you are buying within the restricted zones along the border or the seacoast, you may buy property through a direct deed, the simplest and most economical method. Otherwise, you should discuss your situation with a Notario.

[shari]

Depends if you will operate a business or not. A corporation is just that...it is a cheaper up front way to purchase land particularly if you are buying more than 2,000 square meters or more lots...but keep in mind you need to pay an accountant around $60 a month to "do" the bookeeping...and you really should have some sort of business...also there are restrictions to living in the place of business. Think carefully before starting a business...bank trusts are more expensive but easier to maintain.

[Heather77]

My place is on the beach,& we have a bank trust. It comes to around $500 U.S. Per yer.