Taking Title To Beachfront Property In Mexico In A Fideicomiso

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“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.

Continue Reading: Cayo, Belize Is A Great Escape For Expats

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Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.