Question 1

What is a Fideicomiso and what is it used for?

Accepted Answer

A Fideicomiso is a legal trust through which a Mexican bank (trustee) holds the property title on behalf of the foreign buyer (beneficiary). It grants the foreigner exactly the same rights as a Mexican citizen: the right to use, rent, modify, mortgage, or sell the property.

Question 2

How much does it cost to set up a Fideicomiso in Mexico?

Accepted Answer

Fideicomiso setup costs approximately $1,500–2,500 USD depending on the bank. An annual maintenance fee of $500–700 USD also applies. The most common banks in Puerto Vallarta are Scotiabank, BBVA, and Banorte.

Question 3

Does a Fideicomiso expire?

Accepted Answer

Originally Fideicomisos had a 50-year renewable term. With the 2022 reform, real estate Fideicomisos are now indefinite (they no longer expire automatically). Older contracts can be renewed at minimal cost upon expiration.

Question 4

Can I inherit property held in a Fideicomiso in Mexico?

Accepted Answer

Yes. A Fideicomiso allows you to designate substitute beneficiaries. Upon the holder's death, the property transfers directly to the designated beneficiaries without a probate process — a significant advantage over direct ownership.

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