Islands fall within the Restricted Zone (50km from the coast), meaning foreigners must use a Fideicomiso (bank trust) to hold legal title. The trust i... Read Mores valid for 50 years and is fully renewable, granting the buyer all rights to use, rent, or sell. Alternatively, a Mexican corporation can be used for non-residential island projects. Closing costs are high (5–8%), and an SRE permit from the Ministry of Foreign Affairs is required for every transaction. Read Less