For instance, if you garden and landscape that part of the property, there could be no fee. If all are part of your home are in the Federal Zone, the fee will be appropriately higher. These concessions give you the right to enjoy the land and no one can come and build a taco stand in front of you. Teh Mexican Constitution does not allow foreign ownership in the Prohibited Zone because of the old fear of invasion by sea or by horse. Of course, invasions are not conducted that way today, so the Bank Trust was created as a vehicle to allow this ownership method without changes to their Constitution.
Tourism is the third largest industry for Mexico.
This law has been in effect now for 29 years with amendments to make your confidence more secure for your investment in order to continue attracting the tourism dollars. I have been in Mexico full time for 11 years and have seen many changes that have all been for the betterment fo the foreign investors. Factories such as Mattel, Sharp, Zenith, Sone, etc. are only a few. Most are state of the art and have the environmental ratings for thier particular producton product to protect teh environment. Netscape 4 users see this alternate content and the link above to open the same News pages in a special frameset popup.