mexico- Tag Archives - Business News and Updates


Find the latest Legal updates and changes, industry reviews, regulatory updates, expert legal and accounting advice, Q&A with experts, and much more content.

Challenges of Doing Business in Mexico and How to Overcome Them

Challenges of Doing Business in Mexico and How to Overcome Them

Although executives might face multiple challenges when doing business in Mexico, the country is positioned as one of the best destinations for foreign investment in Latin America. Mexico's strategic geographical location serves as a connection with the United States, Canada, Central and South America. Likewise, the country has different seaports that connect with the Pacific and Atlantic oceans; not to mention the size of the market and its population. Furthermore, the United States Mexico Canada Agreement (USMCA) gives an additional boost to Mexico's potential attraction for foreign investment, offering greater benefits, facilities for doing business, and certainty for companies incorporating in the country. However, expanding in the country can present a series of challenges that require a certain degree of knowledge of legal, accounting and fiscal aspects. Learn about the challenges of doing business in Mexico and how to overcome them. Starting a business in Mexico Doing business in Mexico without knowing the right people and without having clear steps to follow can lead to a maze of endless predicaments. Although Mexico is a great destination for foreign investment, it can be challenging to expand in the country. While it is true that in recent years the Mexican authorities have sought ways to simplify legal and tax processes, bureaucracy is very common in the country and it can often hinder or delay the process of establishing a company. Thus, it is important to seek professional support when starting a business in the country. The following are some of the...

July 2020 Regulatory Update: South and Central America

July 2020 Regulatory Update: South and Central America

Our professionals report notable regulatory updates for July 2020. Biz Latin Hub’s team of legal and accounting specialists operating across all key markets in Latin America report the following notable regulatory updates for July 2020 in Bolivia, Brazil, Chile, Costa Rica, Guatemala, Mexico, Panama, Paraguay, and Uruguay. We support foreign companies in Latin America comply with all corporate regulatory compliance obligations to ensure their success in new markets. For more information on how we can support your regulatory and annual compliance needs, contact us today. Bolivia RegulationDetailsOfficial Statement N° 37/2020   On 14 July, the Ministry of Labor announced that daily labor activities in private and public entities can last for up to 6 hours. Companies must alternate staff between working in their designated office and home-office working arrangements. Brazil RegulationDetailsOrdinance 340Prohibition of entry of foreigners in Brazil from 1-30 July.    Exceptions: 1. Immigrant with permanent residence; 2. Foreign professional on mission in the service of an international organization, as long as duly identified; 3. Passenger in international transit, as long as the passenger does not leave the international area of the airport and the country of destination admits his ticket; 4. Foreign employee accredited to the Brazilian Government; 5. Foreign national, spouse, son, daughter, father, mother or curator of a Brazilian; whose entry is specifically authorized by the Brazilian Government in view of the public interest or for humanitarian...

Explaining Developments in Digital Tax in Latin America

Explaining Developments in Digital Tax in Latin America

Economies in Latin America are changing rapidly. One important regulatory development for many countries in the region is digital tax, because it captures services delivered online or electronically. The OECD claims that Latin American economies are making real progress to address the tax challenges arising from the digitization of the economy. This international entity also expects that further digital tax developments in Latin America provides stability and certainty in the international tax system.  Managing your company while keeping a careful watch over new regulations is one of the challenges to overcome while doing business in Latin America.  We provide an explanation of digital tax developments in several emerging and developing economies in Latin America, so your business understands its obligations when offering digital services in these markets. Digital tax developments in Argentina  Latin American countries are adapting to a new digital age with the establishment of digital services taxes across the region. The Argentine government levied taxes for digital services under law 27,430 and on a general basis. This regulation includes services carried out through the Internet network or any adaptation or applications, platforms or technology used by the Internet or other networks through which equivalent services are provided. By their nature, these services are basically automated and require minimal human intervention, regardless of the device used for its download, display or use. The regulation of digital services in Argentina has been in place since 27...

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Nicholas Baker, Trade Commissioner & Counsellor Commercial at Austrade, Shares Insights on Australian Trade Connections and Opportunities

Dr Baker shares his insights on Austrade's new client services and trade opportunities in Latin America post Covid-19. This month, Biz Latin Hub’s Chelsea Heywood was privileged to connect with Dr Nicholas Baker, Trade Commissioner and Counsellor Commercial for Australia’s Trade and Investment Commission (Austrade), based in Mexico, Central America and the Caribbean. Dr Baker shares his insights on Austrade’s new client services and trade opportunities in Latin America post Covid-19. Learn about Dr Baker’s experience as a trade professional and the efforts of Austrade to strengthen trade ties in Mexico, Central America and the Caribbean. You have extensive experience in supporting Australia’s trade relations from a number of posts in Europe, South America, and now Central America and the Caribbean. What drives your passion to develop Australia’s trade relations? Helping Australia increase its exports, encouraging productive foreign investment and attracting more international students to be part of Australia’s amazing education sector seem like pretty lofty goals; or almost like motherhood statements. In reality, what has driven me and continues to drive me is that trade, investment and education are linked to people, to aspirations, to innovation, to values, building relationships and bringing something new or different to a country or a region.  Then there is the prosperity it creates, not only in monetary terms but also the exchange of new ideas and transfer of technology that international trade and investment can create. International business is all about expanding...

How to Obtain a Mexico Business Visa Through Business Expansion

How to Obtain a Mexico Business Visa Through Business Expansion

Executives expanding to Mexico and hiring staff must obtain a business visa for themselves, and work visas for foreign citizens who are part of their workforce. It will also allow foreign executives to comply with local regulations and work for their own business or other companies. Learn about the necessary steps you need to take in order to obtain Mexico's business visa. Eligibility requirements for Mexico's business visa Mexico's business visa allows foreigners to work in the country in compliance with local regulations. A Mexico business visa must be requested by a natural or legal person legally established in Mexico who wishes to issue a job offer to a foreign citizen. Before requesting a Mexico work visa for one or more employees, business owners must register the fiscal address of their company and all its branches. Note that if a person is applying for an Employer certificate, an identification document and proof of address/domicile must be provided. In order to obtain the Employer Certificate, the following documentation must be submitted to the INM: Public instrument indicating the type of mandate and the powers conferred on legal representatives.Proof of address of the legal person, not issued before thirty days.Proof of enrollment in the Federal Taxpayer Registry (RFC) and proof of last tax return declaration.List of employees and their nationality on letterhead.Form duly completed and signed by the legal representative. Once these documents have been checked and approved bt the INM, you must go to the institute's office to collect the official Employer...

Understanding Mexico’s Digital Services Tax For Businesses

Understanding Mexico’s Digital Services Tax For Businesses

At the beginning of 2020, new digital tax regulations were introduced for Mexico’s digital services. These new laws were implemented on 1 June 2020 and have been taking full effect. Increases in technology investment by the Mexican government, coupled with pro-private investment schemes, will encourage multinationals to view Mexico as a viable locale for centers focused on emerging technologies, such as artificial intelligence (AI), the Internet of Things (IoT), and cybersecurity. Due to emerging technologies, traditional Mexican industries are reinventing themselves to promote tax compliance within the country. Keep reading to find out more about Mexico’s digital services tax and how to get support for your business. An overview of Mexico’s Value Added Tax Law (VATL) Mexico’s Value-Added Tax Law (VATL) demands the collection of value-added tax (VAT) at a standard rate of 16% on certain Mexico's digital services provided by foreign suppliers to customers located in the country. In order for suppliers to fall under the digital services tax, no taxable presence in Mexico is needed. VATL is placed or B2B and B2C businesses. The VATL is placed on both business-to-business (B2B) and business-to-consumer (B2C) transactions. As a result, all suppliers are subject to the new legislation, assuming their services are taxable and fit the VATL’s definition of digital services. Even though some human intervention may be involved in Mexico's digital services, taxable digital services are typically automated, provided online, and subject to a fee paid by a local customer....

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...

Pin It on Pinterest