Quick Answer
A fideicomiso costs $2,000 to $3,000 USD to set up (one-time fee at closing) plus $550 to $1,000 USD in annual maintenance fees paid to the trustee bank. The SRE permit from the Ministry of Foreign Affairs costs approximately $1,500 MXN. Total first-year cost is approximately $3,000 to $4,000 USD.
Detailed Answer
The total first-year cost of a fideicomiso is approximately $3,000 to $4,000 USD, broken into three components: a one-time setup fee of $2,000-$3,000 paid at closing, the SRE permit from the Ministry of Foreign Affairs at approximately $1,500 MXN (about $80-90 USD), and the first year's annual maintenance fee of $550-$1,000 USD paid to the trustee bank. These costs are part of your overall closing costs, which your agent will outline before you make an offer.
After the first year, the only recurring cost is the annual maintenance fee ($550-$1,000 USD), which varies by bank. BBVA, Scotiabank, Santander, Monex, and Banorte are the most common trustee banks in Los Cabos, and their fees differ. If you find a lower rate at another bank, you can transfer your fideicomiso for a one-time transfer fee of $1,000-$1,500. The annual fee is due regardless of whether you occupy the property or leave it vacant.
When compared to the value of legally protected ownership in one of Mexico's most desirable real estate markets, the fideicomiso cost is modest. Our Ronival-partnered team negotiates competitive bank fees on behalf of our clients. Contact us for a full cost breakdown tailored to your purchase.