A Fideicomiso is a bank trust commonly use by non-Mexicans to invest in any property in Mexico and own it as a beneficiary.
The beneficiary has the rights of real estate ownership while a Mexican bank holds the legal title to it as trustee.
The core responsibility of the trustee is to represent the beneficiaries’ interest.
There are also neutral investment fideicomisos. These fideicomisos can be used for (i) activities that are reserved to Mexican individuals or Mexican entities that do not admit foreign owners; and (ii) regulated activities that admit a limited percentage of foreign investment.