“Kathleen, I often see recommendations for purchasing property overseas in a foreign LLC. Since beachfront property in Mexico must be held in trust for a foreigner, is there any reason to purchase it under a foreign LLC?”
–Scott C., United States
Correct. As a foreigner, if you buy property in Mexico that falls within 50 km of the ocean, you must take title to it in a fideicomiso… a Mexican trust.
You’ll encounter other instances when holding a piece of property in something other than an offshore LLC makes sense. Generally, though, the most effective and efficient way to hold real estate overseas is in an offshore LLC.
We discussed this in detail during last week’s Retire Overseas Conference in Orlando, Florida and it’s available in our Retire Overseas Home Conference Kit.
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