The Federal Government introduced a General Resolution to facilitate the establishment of foreign legal persons in Mexico

On 9 August 2012 a General Resolution by the Federal Government became effective. It facilitates the establishment of foreign legal persons in Mexico by establishing new criteria for the application of Article 17 of the Foreign Investment Law. This resolution replaces the prior authorisation requirement for the establishment of a branch of a foreign legal entity in Mexico with a mere notice to be submitted to the Directorate-General of Foreign Investment of the Ministry of Economy. Legal persons created under the laws of Canada, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Nicaragua, Peru, the United States and Uruguay may benefit from this facility.

• Type:

  • Entry and establishment (Approval and admission)
  • Promotion and facilitation (Investment facilitation )

• Industry:

  • Not industry specific

• Sources:

  • Diario Oficial de la Federación, Resolución General por la que se establece el criterio para la aplicación del artículo 17 de la Ley de Inversión Extranjera relativo al establecimiento de personas morales extranjeras en México, http://www.dof.gob.mx/nota_detalle.php?codigo=5262822&fecha=08/08/2012, 08 Aug 2012
  • Lexology, An overview of recent amendments to the rules for establishing branches of certain foreign companies in Mexico pursuant to the Mexican Foreign Investment Law, http://www.lexology.com/library/detail.aspx?g=040f2477-bc13-414a-a6a0-317a7c8cb738, 23 Aug 2012
  • Penner & Associates, FOREIGN INVESTMENT LAWS AND REGULATIONS, http://www.mexicolaw.com/LawInfo26.htm, 09 Aug 2012