Is a Bank a Trust that allows a foreigners or Corporation to buy property in Mexico with all the rights a Mexican citizen. It is a legal and safe figure, can be held by more than one individual, allowed to appoint your substitute beneficiary, it last for 50 years and may be renewable, and is 100% transferrable of ownership. Cost: Trust Permit 25,000 pesos issue by the Foreign Secretary offices. Bank Acceptances onetime fee plus annual administration fee range from 500 to 600 USD.

Like any Mexican citizen, foreigners who wish to open a bank account in Mexico must present a series of documents to identify themselves and prove a series of essential requirements, such as having a residence permit, no matter if it is temporary or permanent. The documents that you must submit with your application for the opening of the bank account are the following: - Valid passport - Temporary or permanent residence document - Proof of address, such as a bill for water, gas, electricity, etc. But yes, it does not exceed three months old. - Unique Temporary Population Registry Code for foreigners or permanent (CURP). This document is not mandatory to be presented by the government, but banks do usually request it in the same way. - R.F.C, number or Tax I.D

The Federal Taxpayers Registry, also known by its acronym, RFC, is a code that every person or corporations must have in Mexico. It is used to carry out all kinds of economic activities, for which it is obliged to pay taxes to the State. To obtain a RFC it is necessary to have a permanent residency in Mexico.