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Beachfront land in Mexico cannot be owned by foreigners directly and is typically held indirectly in a renewable bank trust held by the foreign owner called a fidecomiso. However, Mexican Corporations can own beachfront land and the corporation can be 100% owned by foreign shareholders. In order to get direct ownership of the property and avoid the hassles of creating and maintaining a bank trust with multiple owners, Steve Rude formed a Mexican Corporation called SJR Capital BCS, which owns clear and direct title to the land. He also has an American attorney who is licensed to practice law in Mexico that does the company's tax filings.
