We asked attorney David Connell (Connell & Associates, Mexican Attorneys & Consultants, www.mexicolaw.com.mx) to provide some insight on the reforms currently taking place in Mexico's Article 27, which determines ways in which foreign investors can and cannot purchase land in Mexico. For more information regarding real estate in Puerto Vallarta, please visit www.mlsvallarta.com.

We offer of full range of corporate law services including setting up corporations, partnerships, non profit and charitable organizations, mergers, spin-offs, registration of minutes and minutes book maintenance, annual and extraordinary meetings, board meetings and minutes, granting of powers of attorney, government filings and permits, as well as administrative assistance needed to maintain a Mexican corporation in good standing.

Trusts in Mexico are principally used by foreigners to acquire rights to property in Mexico’s restricted zone (50 kilometers from beach and 100 kilometers from borders) for residential use and as lending agreements. Our firm has extensive experience in setting up and modifying trusts in a manner that best suits the parties involved. We can also assist you in setting up master trusts and in negotiation with the banks that serve as trustees.

For a foreigner, buying property in Mexico is a new and different experience. Most foreigners spend time researching the procedure of buying property, setting up a trust or a corporation and becoming familiar with the different permits and costs required to close on a property transaction in Mexico.

Trusts in Mexico are principally used by foreigners to acquire rights to property in Mexico’s restricted zone (50 kilometers from beach and 100 kilometers from borders) for residential use and as lending agreements. Our firm has extensive experience in setting up and modifying trusts in a manner that best suits the parties involved. We can also assist you in setting up master trusts and in negotiation with the banks that serve as trustees.

Mexico’s Foreign Investment Law allows foreigners to acquire indirect title to land in the restricted zone by one of two methods; through a Mexican corporation or through a bank trust (fideicomiso).