What is a bank trust and why is it necessary for investing in Mexico as a foreigner?

Buying a condo in Mexico, especially in touristic destinations such as the Riviera Maya, is an excellent investment opportunity. Places like Puerto Morelos have become strategic locations thanks to the growing capital gains and quality of life. However, if you are a foreigner, there is a legal aspect that you need to know: bank trust.

What is a bank trust?

A bank trust is a legal instrument that allows foreigners to acquire properties that are located in the “restricted zone” that extends 50 km from any coast and 100 km from the frontiers of the country. This zone includes high-demand locations such as Puerto Morelos, Playa del Carmen and Tulum.

In simple terms, a bank trust is established through an authorized Mexican bank. The bank acts as a trustee, meanwhile, you as an international buyer are the beneficiary. This gives you all the rights over the property: live, rent, sell or inherit it to whoever you decide.

For more legal information, consult this official guide of the Mexican Government:

Comprar propiedad en México siendo extranjero – gob.mx.

Why is it necessary as a foreigner?

The Mexican Constitution establishes that foreigners can’t directly possess any land that is located in the restricted zone. The Bank trust is the legal solution that gives you absolute security and control over your real estate investment in the country.

This mechanism is regulated by the Ministry of Foreign Affairs (Secretaría de Relaciones Exteriores) and provides full legal certainty to the foreign buyer, it also allows the purchase of property in a transparent and secure way.

What are the benefits?

Legal security: Bank trust gives you the legal right over the property without having to nationalize yourself.
Total control: You can enjoy, rent, sell, or inherit the condo without restrictions.
Capital gains: When you invest in high demand zones such as Puerto Morelos, your property may increase its value in the medium and long term.
Access to exclusive projects: Developments like Selva Escondida II are designed for foreign investors, offering simple processes and legal support.

How do you process it?

Select the property (For example, in Selva Escondida II)
The development or the notary start the process with an authorized bank.
The bank trust is signed with you as the beneficiary.
You obtain all the rights over the property.

The initial cost for establishing a Bank Trust goes from $2,000 to $2,500 USD, with an annual fee for maintenance. This may vary depending on the Trustee bank.

If you are thinking about buying a condo in Riviera Maya and you are a foreigner, the Bank Trust is not an obstacle, it’s a tool that makes the process of investing easier, gives you full security and is legally backed. In developments like Selva Escondida II, you have access to a natural privileged environment, excellent amenities and above all a trustable process for protecting your Assets. Do you want more information about how to start the process of your Bank trust with us?