Foreigners may obtain direct ownership of property within Mexican territory. However, according to the article 27 of the Mexican Constitution, foreigners cannot hold title to property within 50 Km from the Coast Line and 100 Km from the border. This area is known as the "Restricted Zone".

So, to purchase real estate in the "Restricted Zone", foreigners must acquire the property through a BANK TRUST formalized with a Mexican Bank Institution.

The Bank Trust is the same than in other countries where the Bank hold the property in TRUST and you will be designate as the main beneficiary and can designate substitute beneficiaries in the event of death, that way avoiding probate procedures upon death. This Bank Trust is for a period of 50 years, renewable for the same period of time.

Yes, the LLC will be designate as the main beneficiary. For that we will need all the legal paperwork of the LLC duly notarized, apostilled and translated by a certified translator.

Escrow is a fund administration agreement for a real estate transaction in charge of an impartial third party, who shall disburse such funds according to the instructions previously agreed by the parties involved ( Seller(s) Buyer(s)) and delivered in writing to the Escrow Agent.

Yes, In the trust, both co-owners will be designated as main beneficiaries. And you can designate as well substitute beneficiaries in the event of death.

No. With the assistance of the Mexican Banking Comission, the trustee bank would be replaces by another.

In Mexico the Notary Public plays a different role from the one in other countries where they are only limited to witness the execution of a document, in Mexico the notary is government official, grants public faith and formalizes 100% of legal acts when it comes to real estate transaction, as well, part of the duty if the notary is to calculate, collect and pay on behalf of both buyers and sellers the taxes that are due at closing.