F.A.Q

	Q:   Can foreigners own land in Mexico? A:     Yes, a title is assigned to a Mexican bank trust in your name (fideicomision) for fifty years, renewable upon expiration.
	Q:  Renewable upon 50 years?   How is this secured? A:    The holder of the trust has the priority to renew, this is guaranteed in the trust contract.
	Q:   Is it possible to get obtain title insurance from a U.S. company to safeguard my investment? A:    Yes, many U.S. companies underwrite land in Mexico.
	Q:  Can I obtain my land  through a bank that is linked to an American bank? A:    Yes, many  Mexican banks are affiliated with international banks and operate as one corporation or two linked corporations.  There are Mexican banks that are affiliated with European and American banks.
	Q:  Who should be involved in a real estate transaction.? A:  1.  A real estate company          2. The buyers lawyer          3.  A public notary          4.  A bank
	Q:   What does a Mexican attorney charge to finalize the trust? A:    Generally between 1,000 to 3,000 U. S. dollars per contract.
	Q:   I've heard you need a Mexican partner to obtain land? A:     The North American Free Trade Agreement ( NAFTA) and the Foreign Investment law (FIL) have lifted bans on foreign ownership of land in Mexico.  You no longer need a partner to obtain a land trust.
	Q:  How long can foreigners stay in Mexico? A:    U.S. visitors can stay for 30 days and apply for  another 30 days as a tourist in mexico.
	Q:  If I want to live and work there what do I need to do ? A:   Apply for a Mexican green card, which permits employment and residency.
	Q:  If I apply for a Mexican green card do I have to give up my American passport ? A:   No, Mexico permits double nationality.
	Q:  I've heard it helps to start a Mexican corporation, what does that entail? A:  1. Three possible names for the corporation.          2. Two people (both can be foreigners or not)          3. ID copy          4.  Cost 1000 usd.  ( for notary and lawyer)
	Q:  What are the benefits of starting a Mexican corporation? A:   1.  You can work, trade or do any business in Mexico as if you were a Mexican citizen.          2. You can link the  Mexican corporation with your  international corporation for tax reductions.          3.  The corporation can own land with no land trust in the middle.
	Q:   Is this an intentional community, will there be meetings,  co-ownership etc..? A:     Each family decides what is right for them, there are no regular meetings or co-ownership.
	Q:  Are there building restrictions? A:   There are building guidelines, please refer to the eco-infrastructure section for detailed information.
	Q:   What are property taxes? A:   Property taxes are  $40,  per hectare,  per year.
	Q:  Can  we subdivide our land? A:   It depends on the size of your parcel.   There is a  low density limit of two homes per hectare (2.2 acres).    The smallest parcels at Beyax are 3 hectares ( 6.6 acres)
	Q:  Can  more than one name or family be on the title? A:   Yes,  you can have as many names as you like on title.
	Q:  Is there electricity? A:    Eco electricity is permitted at Beyax, solar  and wind.  please visit the eco infrastructure section for more information.
	Q:   Is there drinking water? A:   There is abundant underground drinking water .      Most people drill wells.
	Q:   Does everyone have to drill their own well? A:   Yes, or  you can also gather with your neighbors and share the same well.
	Q:  How much does it cost to drill a well? A:   The cost is approximately 700 usd.
	*  This page is for general information only and is not intended as legal counsel.    Please contact Trent or Jasai at ecovillagebeyax@yahoo.com for additional information.
	Eco Village Beyax     Eco Infrastructure      Mayan Riviera Photos       Maps & Parcels       Architecture      FAQ      Contact