Should a Mexican citizen buy under my personal name or through an LLC in Miami?

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Antonio Aguirre

Last update:  2025-05-30

Mexican Citizen
Should a Mexican citizen buy under my personal name or through an LLC in Miami?

🇲🇽 Buying in Your Personal Name (as a Mexican Citizen)

✅ Pros:

  • Simpler and faster purchase process
     
  • Lower upfront costs (no legal setup fees)
     
  • You can qualify for homestead exemption if you later become a U.S. resident and make it your primary residence
     

❌ Cons:

  • Less asset protection — your property could be exposed in lawsuits or creditor claims
     
  • FIRPTA withholding applies if you sell — the IRS withholds 15% of the sale price
     
  • Inheritance complications — U.S. estate tax may apply to non-resident aliens with assets over $60,000 at the time of death
     

 


🏢 Buying Through a U.S. LLC

✅ Pros:

  • Limited liability protection — separates your personal assets from property-related risks
     
  • Estate planning advantage — easier to transfer shares to heirs without triggering U.S. estate taxes
     
  • Privacy — your name doesn’t appear on public property records
     
  • Potential tax optimization with proper structure (consult a U.S.-Mexico tax advisor)
     

❌ Cons:

  • Legal and administrative setup costs (approx. $500–$1,000)
     
  • Ongoing compliance: annual filings, registered agent, tax returns
     
  • May not be eligible for some types of financing or homeowner insurance discounts
     

 


🧾 Best Practice for Mexican Investors

  • For long-term investment or rental properties, many experts recommend using an LLC or foreign-owned U.S. company for protection and tax flexibility.
     
  • For a vacation home with low risk and no heirs, buying in your personal name may be simpler.
     

 


📌 Final Tip:

Always consult with a U.S. real estate attorney and a cross-border tax advisor to set up the ideal structure based on your personal situation and investment goals.

 

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Antonio Aguirre

Antonio Aguirre

Meet Antonio Aguirre, your dedicated Broker Associate in Miami. With credentials as a CIPS, Investor Specialist, Pre-Construction Specialist, and Area Specialist, Antonio is uniquely equipped to guide you through the real estate landscape. A family man at heart, he balances his professional life with a passion for sports like rugby and soccer. Whether you're buying, selling, or investing, Antonio is committed to helping you make informed decisions. Let him assist you on your next move—experience the difference of working with a true professional!

Mexican Citizen

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