How foreigners can own Isla Mujeres Mexico Real Estate.

Any foreigner may invest in Isla Mujeres Property through a bank trust or fideicomiso, the equivalent of an American beneficial trust. To do this, the buyer requests a Mexican bank of their choice to act as a trustee on their behalf. The bank then obtains the permit from the ministry of foreign affairs to acquire the property in trust. This trust can be established for up to 50 years and can be automatically renewed for another 50 years. During this time, the buyer has all the rights of direct ownership, including selling or leasing the property. In addition, it becomes part of the buyers estate and can be passed on to their heirs, without inheritance tax.

The trustee (bank) is responsible to the beneficiary (buyer) to ensure precise fulfillment of the trust, according to Mexican law, assuming full technical, legal and administrative supervision in order to protect the interests of the beneficiary.

The market is open and availble for anyone interested in purchasing a lot, a home, a condo or commercial property on Isla Mujeres. The Isla Mujeres Real Estate market is prime for investment, while still ideal for purchasing a retirement or family property!!