Our specialists’ team will guide you step by step through the type of trust that best suits your needs.

THE MOST COMMON TYPES OF TRUSTS:

TRUST FOR FOREIGNERS

If you are a foreigner and you wish to purchase a property in the Riviera Maya, the first thing you should bear in mind is that the Riviera Maya is a restricted area for a foreigner to acquire a property.  That is the reason the law allows the use of trust in a prohibited area so you can purchase the house of your dreams.  Our team of experts will support you in all the proceedings regarding the bank of your choice as the closing process to obtain your property ownership title.

ADMINISTRATION TRUST
If you have the patrimony that needs support to be administered, the trustees make available to you a solid tool that will support you in having a better management of your properties.  Allow us to advise and share with you our experience in all this process.

WARRANTY TRUST

If you are looking for a tool that would allow you to associate with other investors and to guarantee the success of your project, a warranty trust is an optimum option for the development and proper handling of your real estate projects.  Our team of specialists will explain the process and the proceedings to be followed in order to protect and warranty your investment.

PARTIES INVOLVED

Settlor:  Natural or legal person who establishes a trust to use goods or rights to perform a legal and specific purpose and trust said performance to a credit institution.

Trustee:  Is the person who on behalf of the settlor is in charge of performing the trust.  Only the institutions expressly authorized can be a trustee according to the Credit Institutions General Law.

Fiduciary:  Is a natural or legal person who obtains benefits derived from the trust.

REQUIREMENTS:

1. Foreign Affairs Ministry permits.
2. Records and/or Ownership Titles
3. Current Property Taxation receipt
4. Last water service bill
5. Copy of valid identification
6. General data format
7. Resident Proof (not exceeding the last 3 months)
8. Original Power of Attorney (in the case it is a Legal Representative)
9. Condominium quotes non-debt certificate (in case one of the owners is a condominium).

Our team has wide experience working with real estate developers no matter the size of the project.

Contact us, and learn the requirements, advantages, and disadvantages of utilizing this figure according to the conditions of your project.

Requirements

1. 1. The Regime Final Authorization Letter and the Authorization Sealed Drawing issued by the General Direction of Urban Development of the Municipality (Benito Juarez, Solidaridad, Tulum), State of Quintana Roo.”.
   2. The Construction Permit and its extension issued by the General Direction of Urban Development, Direction of Regulations of Structural and Civil Works (Benito Juarez, Solidaridad, Tulum), State of Quintana Roo.
   3. The Construction Permit and its extension issued by the General Direction of Urban Development of the Municipality (Benito Juarez, Solidaridad, Tulum), State of Quintana Roo.
   4. Office of Authorization of Work Completion issued by the General Direction of the Urban Development, Direction of the Municipality Works Inspection (Benito Juarez, Solidaridad, Tulum), State of Quintana Roo.
   5. Policy Bond.
   6. Descriptive Memory of the condominium.
   7. Location Drawing of the property.
   8. Description of the specifications and of the materials used in the construction.
   9. Norms of the condominium.
   10. Land Use Certificate issued by the General Direction of Urban Development of the Municipality (Benito Juarez, Solidaridad, Tulum), State of Quintana Roo.
   11. Assembly Drawings.
   12. Description of the land, measures, boundaries, area and drawings of each one of the apartments and/or shops, and description and drawings of common areas.
   13. Use of Land Chart, Chart of Joined Owned Property of each one of the units, and of nominal value.
   14. The Budget of the Civil Works of the Condominium.
   15. Municipal and State Urbanistic Compatibility License.
   16. The Character of the Legal Representative appearing (when applicable).
   17. Identification of the appearing (or passport and migration form if foreigner).
   18. Application of the electrical service before the Electricity Federal Commission.
   19. Potable water service feasibility letter.
   20. Payment receipt of the current property taxation.
   21. Lien Release Certificate (it could be handled by the Notary).
   22. General Assessment of the Condominium (it could be handled by the Notary).
   23. Cadastral Certificate (it could be handled by the Notary).
   24. Ownership Title of the Property.
   25. Marriage Certificate (in case an owner is a natural person).