Nearshoring may be summarized as a business trend of moving commercial activities to a geographically closer country.
Given the 14 free trade agreements that Mexico has executed as well as its geographical position, are a key to enhance the development of the economy through nearshoring, which is why it is necessary to innovate to new challenges that logistics issues represent.
Is it applicable to my company?
When certain scenarios are met, all Mexican companies that have foreign investment in their capital stock are subject to file quarterly and annual notifications before the National Registry of Foreign Investment (“RNIE”).
Mexican tax law is based on the concept of "source of wealth" to determine when the
payment of the income tax "IT" is applicable, to ensure different taxpayers to pay such tax in
Mexican territory, even when such taxpayers are foreign residents. Therefore, if a foreign
resident obtains income in Mexico,
Introduction: A key important matter for the operation of a company is the appointment of the
individuals for its representation, (who will be members of the administration body or special
attorneys in fact for specific matters). The appointment entails certain responsibilities and
obligations inherent to each of those positions. The appointed individuals may be held
accountable on behalf of the company in relation to their level of responsibility and liability.
On December 9th, 2019, it was published in the Official Gazette a Decree whereby: (i) the Income Tax Law (ITL), (ii) the Value Added Tax Law (VATL), and the (iii) Federal Tax Code (FTC) were modified. These amendments came into effect on January 1st, 2020.
The innovative aspects and the evolution of financial technologies have allowed for a strong positioning in the market, transforming the world and marking the beginning of a new era.
