Attending to the Regulation of the Foreign Investment Law and the National Registry of Foreign Investment, these are the costs of obligations and registrations before the National Registry of Foreign Investments.
Procedures before the National Registry of Foreign Investment (“RNIE” for its acronym in Spanish), the statutory limits and timeframes will be borne normally.
The Constitutional amendment will extend the reach of causes that extinguish the ownership of assets. Likewise, the constitutional amendment of the subsection XXX of the article 73 will empower the Congress to elaborate an act regarding the extinction of ownership.
The “Industrial Productivity and Competition Program” is an economic support program from the Secretary of Economics, with national reach, which targets entrepreneurial organisms, legal entities, as well as civil associations that belong to the manufacture industry and have at least 51 workers registered in the Mexican Institute for Social Security.
The Central Bank in Mexico (“Banco de Mexico” or Banxico for its acronym in Spanish) announced that, for this year, a new payment platform will be presented, same that promises to revolutionize the industry in the way we make our payments, not only online, but face to face.
The Federal Civil Code and the civil codes of the different states of Mexico, provide the possibility to grant powers of attorney through a public deed formalized by a Notary Public under certain conditions.
On August 3rd, 2018, the Eight Federal Collegiate Circuit Court issued a new judicial criteria reinforcing the nature of Mexican guaranty trusts and their use in project financing.
