If you are not a Mexican citizen and want to buy property in Puerto Vallarta — or anywhere within 50 km of the coast — Mexican law requires you to hold it through a fideicomiso (bank trust) or a Mexican corporation. Grupo Nar sets up fideicomisos for foreign buyers from start to finish: permit, bank, closing, and registration.
What is a fideicomiso?
A fideicomiso is a 50-year renewable trust in which a Mexican bank holds legal title to the property while you, the beneficiary, keep every ownership right: you can use, rent, remodel, sell, and pass the property to your heirs. It is the standard, constitutionally recognized structure for foreign ownership in the restricted zone. Read our full explainer on how the fideicomiso works.
What we handle for you
- SRE (Ministry of Foreign Affairs) permit application
- Bank selection and trustee fee negotiation
- Trust agreement review — beneficiaries, substitute beneficiaries, and inheritance planning
- Coordination with the Notary Public, seller, and escrow agent through closing
- Fideicomiso transfers, renewals, and cancellations for existing owners
Costs and timeline
Setting up a fideicomiso typically takes 30 to 90 days as part of the closing process. Expect a one-time setup cost (SRE permit, bank acceptance and first-year fee) plus an annual trustee fee charged by the bank. We quote the exact figures for your transaction up front — no surprises at the closing table.
Start your fideicomiso with a free consultation
Talk to a bilingual real estate lawyer in Puerto Vallarta before you sign an offer. Call +52 322 135 7031 or +1 (213) 400-4820, or email santonelli@gruponar.com.