Buying Property in Mulege as a Foreigner: Complete Fideicomiso Guide 2026
Foreigners can legally and safely purchase property in Mulege, Baja California Sur using a Fideicomiso (Mexican bank trust). This is a 50-year renewable trust that gives you full ownership rights: use, rent, remodel, sell, or pass to heirs.
What Is a Fideicomiso?
A Fideicomiso is a bank trust required for non-Mexican citizens buying within Mexico’s coastal restricted zone (50km from the sea). The bank holds the legal title in trust for you. You hold the beneficial rights – essentially full ownership.
Fideicomiso Costs and Timeline
- Bank setup fee: USD 1,500 – 2,500 (one-time)
- Annual bank fee: USD 500 – 800/year
- Closing costs total: 8 – 12% of purchase price
- Timeline from accepted offer: 30 – 60 days
What rights does a Fideicomiso give me?
Full rights to use, occupy, rent, improve, sell, mortgage, and pass the property to your heirs – identical to fee-simple ownership in the US or Canada.