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5 Tips for Buying Real Estate in Mexico

5 Tips for Buying Real Estate in Mexico

Get key advice from local specialists on how to manage the process of buying real estate in Mexico. Thanks to its varied climate, geographic location and business potential, Mexico is an attractive option for local and foreign investors who want to buy a property in Mexico. Citizens, residents and even companies accredited as Mexican can own one or more private properties in the national territory. Investing in a property in Mexico, whether for residential or commercial purposes, is a smart decision. However, for foreign investors interested in buying real estate in Mexico, there are certain restrictions and special requirements that must be taken into account. In many of these cases, you should have the advice of a local legal expert, and possibly a Public Notary will have to intervene in part of the process. Here are some important tips to keep in mind if you are interested in buying real estate in Mexico. 1. Identify the best places for buying real estate in Mexico Depending on the reasons for buying real estate in Mexico (residential or commercial) there are several attractive options to consider according to your needs. Below, we outline are some of the most popular locations. CDMX- Mexico City Depending on the reasons for buying real estate in Mexico (residential or commercial) there are several attractive options to consider. Mexico City ranks first place of the Urban Competitiveness Index as the country's capital and key business center for national and multinational companies, which generates more labor demand and business opportunities. The city is therefore...

How to Register Your Trademark in Mexico

How to Register Your Trademark in Mexico

Find out how to register your trademark in Mexico in order to protect your brand and unique designs for the benefit of your company. This includes carrying out a thorough trademark search in Mexico to ensure your distinctive signs are unique and eligible for exclusive use. Over recent decades, Mexico has become an increasingly low risk, high growth economy providing an attractive environment for business. An average of 35,000 small and medium enterprises are created on a monthly basis, in key sectors such as financial services, health, information and communication technologies, and education. Protecting and maintaining exclusive rights of your brand, logo or slogan with a trademark in Mexico is therefore crucial to commercial success.  The Mexican Institute of Industrial Property (IMPI) is in charge of all the Mexican trademark matters nationwide. Definition of a trademark in Mexico According to Mexico’s Industrial Property Law, a trademark is any graphic sign that is perceptible by our senses and capable of being protected for exclusive use. According to Mexico’s Industrial Property Law, a trademark is any graphic sign that is perceptible by our senses and capable of being protected for exclusive use. It distinguishes products or services from others of a similar type or class in the market. Acceptable elements for a trademark In order to create the design of your Mexican trademark, Mexico’s Industrial Property Law establishes the following elements that a trademark can include: Combination of colors; letters; numbersThree-dimensional shapesCompany namePersonal...

Top Sectors for Business Between Canada and Mexico

Top Sectors for Business Between Canada and Mexico

Business opportunities between Canada and Mexico are often overshadowed by trade with the United States. Despite this, according to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. Mexico also has the eleventh-largest economy in the world with a population of almost 300 million. Business between Canada and Mexico has strengthened since creating the North American Free Trade Agreement (NAFTA) in 1994. NAFTA is a free trade region between Canada, Mexico and the United States.  We outline top sectors and opportunities for business between Canada and Mexico. Trade and business between Canada and Mexico According to the World Integrated Trade Solution, Mexico is Canada’s fifth-largest trading partner. There are two major trade agreements that have created stronger economic ties between Canada and Mexico. The Canada-United States-Mexico Agreement (CUSMA, also known as T-MEC or USMCA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) provide Canada and Mexico with preferential access to each other’s markets. The best sectors for business between Canada and Mexico have the highest growth potential, policy openness and leverage Canadian strengths. Top sectors include:  AerospaceMiningOil & gasAgriculture, food and beverages Aerospace In this sector, business between Canada and Mexico initiated in 2004 with the establishment of the Canadian aerospace company, Bombardier, in Mexico. This later sparked international interest towards the potential in the aerospace sector in Mexico. Since then, the...

US-Mexico Trade to Continue During Restricted Travel Period

US-Mexico Trade to Continue During Restricted Travel Period

According to the US and Mexico governments, it is essential to take measures to reduce the impact that COVID-19 could have on the economic and commercial relationship between the USA and Mexico. The two governments aim to maintain US-Mexico trade during this time. Leaders agreed to apply restrictive measures at the border to control the flow of people between Mexico and the USA. US-Mexico trade during restricted travel period Individuals engaged in lawful cross-border trade are permitted to travel between the US and Mexico. The United States temporarily limited inbound land border crossings from Canada and Mexico to “essential travel”. In March 2020, Presidents Trump and López Obrador met to discuss collaborative efforts to combat the spread of COVID-19. According to White House spokesperson Judd Deere, they agreed on maintaining the bilateral trade relationship over this time and speeding up the implementation of the USMCA (US, Mexico and Canada) trade agreement to support economic recovery in member countries. "President Trump and President López Obrador agreed on the importance of preserving trade and key services, regardless of travel restrictions" Deere said, referring to an agreement to limit movements across the United States-Mexico border only to essential trips. Who is permitted to travel between Mexico and the US?  Citizens and lawful permanent residents returning to the United States, including: Individuals traveling: for medical purposes (e.g., to receive medical treatment in the United States)to attend educational institutionsto work in the United States...

Could Mexico’s Manufacturing Sector Overshadow China’s?

Could Mexico’s Manufacturing Sector Overshadow China’s?

Find out how Mexico's manufacturing sector offers the right benefits and a favorable business environment for expanding companies and those seeking cost-effective manufacturing components. Prior to the current global contingency planning caused by COVID-19, Mexico was already a well-known, strong performer in manufacturing. The country offers certain advantages and tax benefits and simplification of processes in some government procedures. While China and the US remain entangled in trade disputes - and as both countries grapple with COVID-19 issues - Mexico proves itself as a key alternative supplier of manufacturing goods to the rest of the world.  Factors boosting Mexico’s manufacturing sector Mexico's manufacturing sector has great potential and is more attractive at this time due to 2 main factors: The USMCA (United States-Mexico-Canada Agreement) Moving manufacturing to Mexico will create more job opportunites in the country. This recently signed USMCA agreement will most likely come into effect during the course of this year. The USMCA is set to benefit Mexico's manufacturing sector due to the interest that both Canada and the United States have in engaging with those industries. This can lead to higher profits, reduced time and lower risks. Mexico's proximity to the US compared to China's also gives the sector an extra competitive edge. Another factor that makes Canada and the United States especially interested in establishing their factories in Mexico, and further develop Mexico’s manufacturing sector, is that it can trigger job creation in Mexico. This can lead...

What are the Free Trade Agreements in Guatemala?

What are the Free Trade Agreements in Guatemala?

Guatemala is bolstered by free trade agreements with the United States, the European Union and other Central American countries. The diverse country is blessed by its strategic location, representing a natural bridge between North and South America. In addition, the country takes advantage of being located in the Eastern Standard Time (EST)  zone, which is congruent with key hubs of the lucrative North American market. Guatemala, therefore, meets the best preconditions for conducting trade and other economic activities with the United States, and other key players in the global market. We outline the most significant free trade agreements in Guatemala.  Guatemalan Free Trade Agreements Taiwanese exports to Guatemala include tobacco, seafood (shrimps and lobsters), copper articles, plastic materials, and some other. Taiwan-Guatemala free trade agreement The free trade agreement between Guatemala and Taiwan, enforced in 2006, is primarily based on the extension of free tariff treatments of agricultural exports. As part of that, Guatemala exports US$40 million in products to Taiwan and imports US$90 million.The main exports from Guatemala are sugar and coffee. In return, Taiwanese exports to Guatemala include tobacco, seafood (shrimps and lobsters), copper articles, plastic materials, and some other.Furthermore, the free trade agreement allows business people from Taiwan to invest in Guatemala and to extend their business operations to the United States and other countries in Central America. The latter is possible, as Guatemala is also a member of the Central American Free...

Meet Monica Rodriguez, Biz Latin Hub Country Manager in Mexico

Meet Monica Rodriguez, Biz Latin Hub Country Manager in Mexico

"I really like that being a country manager is a client-facing role and the challenge of growinga business. Also, that as Colombian, I get the opportunity to travel and really get to know the Mexican culture." Meet Monica Rodriguez, our current Country Manager in Mexico. As Country Manager, she proudly works to represent Biz Latin Hub in Mexico - one of our largest offices in Latin America - and oversees operations, develops business and increases profitability. Monica's experience Monica Rodriguez holds a Bachelor's Degree in Marketing and specializes in E-Business. Previous to taking up her role with Biz Latin Hub, she worked mostly in operations and management in US-based financial companies. Monica worked for more than 7 years in a very well known Miami-based financial company, leading the delivery of financial services as an Operations Manager. At Biz Latin Hub Not being from Mexico, Monica enjoys the diversity this role and her location brings to her life. "I really like that being a country manager is a client-facing role and the challenge of growing business. Also, as a Colombian, I get the opportunity to travel and really get to know the Mexican culture." Monica's role demands exemplary standards of the Biz Latin Hub values, which place a strong focus on delivering the highest quality services to our customers, enabling them to do business in Mexico with the highest prospects of success and in full compliance with local law. Outside the office Outside of her role, Monica is a talented Art enthusiast and professional airbrusher, working...

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