FIDEICOMISO 

In Mexico,  Do foreigners own the properties?

“Fideicomiso” is a Spanish term that refers to a trust agreement or trust fund. In a fideicomiso, a person or entity (known as the “trustee”) holds property or assets for the benefit of another person or entity (known as the “beneficiary”). The trustee has a legal obligation to manage and protect the assets in accordance with the terms of the  trust agreement and for the benefit of the beneficiary.

México 

Fideicomisos are commonly used in Mexico for real estate transactions, where the property is held in trust for a foreign buyer by a Mexican bank acting as trustee. This allows the foreign buyer to legally own the property without the need for a Mexican citizenship or corporation.

Legal Foundation of the Trust
ARTICLE
27 CONSTITUTIONAL

Only Mexicans by birth or by naturalization and Mexican societies have right to acquire ownership of land, water and their accessions or to obtain concessions of exploitation of mines or waters The State may
grant the same right to foreigners, provided that agree before the Secretary of Relations in considered as nationals with respect to said property and in not invoking, for the same reason, the protection of their governments as regards those under the penalty, in case of breaching the agreement, of losing benefit of the Nation, the assets that may have acquired by virtue thereof In a band of one hundred kilometers along the borders and fifty on the beaches, for no reason may foreigners acquire direct domain over lands and waters