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| | U.S. - Latin American Legal Reporter Snell & Wilmer L.L.P. |
 | | The Foreign Investment Act of 1993 states that corporations with 100% foreign capital, may acquire the direct ownership of real property located within the restricted zone when the property is designated for non-residential purposes, after registering said acquisition with the Secretariat of Foreign Affairs. |
 | | Foreign individuals and foreign legal entities may acquire land within the restricted zone through a bank trust (a "fideicomiso") in which the bank is the holder of title (the "trustee"), and the foreign-buyer is entitled to the use and development of the property under a 50-year transferable and renewable trust. |
 | | Foreign investors may, with the consent of the applicable Mexican federal agency, the Foreign Investment Commission, own a majority interest in a variety of service-providers, including credit reporting agencies, providers of legal services, cellular telephone services, private schools, insurance agencies, and oil and gas drillers. |
| www.natlaw.com /pubs/sw0496.htm (3585 words) |
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