Foreigners should exercise a higher level of caution and discernment when purchasing property in Mexico. That being said, it should not discourage you from purchasing property in Mexico. It will probably be the best investment that you will make. Nevertheless, as the saying goes, “buyers beware”.
Registration in Mexico is a 9-step process, which is as follows:
Maquiladoras are factories in Mexico that are owned and run by a foreign company. They manufacture the company’s products in Mexico and then export them to other countries. Maquiladoras in Mexico operate under preferential tax and fiscal programs that are administered and established by Mexico and the foreign country, meaning that most production equipment and materials that the maquiladoras use are allowed to enter Mexico, on a temporary basis, without needing to pay taxes.
Globalization and competition have forced some U.S. companies to set up offshore assembly plants, particularly in China and other Asian countries. Offshoring is a practice that has existed for decades and continues today.
The IMMEX program, formally known as the IMMEX maquiladora program, allows foreign manufacturers to import raw materials and components into Mexico, tax and duty free, under the condition that 100% of all finished goods will be exported out of Mexico within a government mandated timeframe.
The primary goal of the IMMEX Mexico program is to expand the Mexican economy by enabling foreign companies to manufacture in a competitive environment, which creates jobs throughout the entire socioeconomic spectrum. The program also aims to modernize the globalization of Mexico’s manufacturing infrastructure by bringing new, specialized technologies and knowledge to the region.
We will guide commercial activities that you undertake in Mexico by supporting you in drafting commercial contracts, negotiating with other companies and, of course, legally establish, modify and manage your company.
Visa applications can be a challenging endeavor, but we will guide you throughout the whole process. There are several types of visas available for non- Mexicans and they seem to change every few years. The process to obtain them changes more often. In addition, rules vary from one Mexican Consulate to another.
We provide legal services to meet your particular needs that do not involve commercial activities. We will assist in the creation, ratification and approval of civil contracts, property management and guidance in matters related to family and estate planning.
We will help you administer individual and collective hiring of employees, assisting in the reconciliation of labour disputes and guidance with regards to aspects of Mexican labour law for the proper administration of employee activities.
We help you understand the complexities of the Mexican tax system, guiding you in the management and payment of taxes and duties that are necessary to operate your business.
If you are looking for an expert in real estate and Mexican law, contact us. Our expertise in the related topics will help you make an informed decision.