The following Commercial practice note produced in partnership with Gustavo Alcocer of Olivares provides comprehensive and up to date legal information covering:
Updated in November 2021
The Business environment
Forming a company
Financing a company
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties
Protecting key assets
The growth Mexico offers from a business, cultural and social perspective is in constant evolution as well as the legal framework and opportunities for business consolidation and continued growth. Ingredients such as sustained economic growth, demographic mix, structural reforms in key industries and Mexico’s long standing legal tradition give Mexico the opportunity to be a desired jurisdiction to do business. Mexico offers many grants and incentives to encourage business development. Foreign owned companies are eligible for the same incentives as Mexican owned companies. Incentives are focused on promoting employment, technological research and development, construction, and the growth of small and medium-sized entreprises (SMEs).
Nowadays Mexico has a broad free trade agreement network with North America, Europe, Japan and throughout Latin America, allowing for an attractive international trade platform between countries with substantially reduced tariff and non-tariff restrictions. There have been strong government efforts to reduce inflation in order to place Mexico on a level that is comparable to the top economies in the world.
Private investment is dominant in the banking, manufacturing, construction and hospitality industries as well as in wholesale and retail
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