| A foreign investor may own over 30% of shares
in the capital stock of stock broker firms, financial holding companies
and multibanking institutions with prior approval by the Secretariat of
Treasury and Public Credit and the National Securities Commission. This
ownership could be achieved by purchasing common stock certificates issued
by fiduciary institutions. |
|
A trust fund* is needed
only to purchase property allocated for housing, in a 100 km strip
along the borders and a 50 km strip on the shoreline. Consequently, foreigners
may now own fixed assets in those areas when conducting industrial, commercial
and tourism activities, including construction, leasing and operation of
parks, industrial bays and warehouses, hotels, resorts, shopping malls,
bars, and restaurants. |
Get your own Free Home Page