Article 10 of the Mexican Foreign Investment Law
Pursuant to the provisions of Section I of Article 27 of the Constitution of the United Mexican States, Mexican companies with a foreigner exclusion clause or that have entered into the agreement referred to in such provision, may acquire ownership of real estate in Mexican territory.
In the case of companies whose bylaws include the agreement provided for in Section I of Article 27 of the Constitution, the following will apply:
- They may acquire the domain of real estate located in the restricted zone, destined to the realization of non-residential activities, having to give notice of such acquisition to the Ministry of Foreign Affairs, within sixty working days following the one in which the acquisition is made, and
Reformed fraction DOF 24-12-1996
- They may acquire rights over real property in the restricted zone, which are destined for residential purposes, in accordance with the provisions of the following chapter.