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Volume9
MonthMay
Year2008
TitleAcquisition of Real Estate in Mexico by U.S. Citizens and American Companies
Author(s)Jorge A. Vargas
First Page293
AbstractBuying real estate in Mexico, or enjoying the beneficiary rights through a real estate trust, known in Mexico as fideicomiso, involves a considerable amount of money and effort. One must take into account that this legal transaction is executed in Mexico in accordance with Mexican law-a foreign legal system belonging to the civil legal tradition, contrasted by the U.S. legal system derivative of the common law tradition-and recognize that Americans and U.S. legal entities are typically quite unfamiliar with Mexican law. This Article provides a complete overview of the process of acquiring real estate in Mexico by Americans and U.S. companies in both the "Restricted Zone" and in the area situated outside the Restricted Zone, named here as the "Permitted Zone" for practical purposes.