If you are considering company formation in Mexico, you will want to find a reliable and seasoned lawyer to support you. Because when you hire a corporate attorney in Mexico with a strong track record of assisting foreign investors, you tap into a wealth of knowledge that will allow you to incorporate a company in the shortest time possible while remaining in good standing with local authorities.
Mexico is the second-largest economy in Latin America by gross domestic product (GDP), with only Brazil being larger. In 2019, Mexico registered a GDP of $1.27 trillion after three consecutive years of growth (all figures in USD). That same year, gross national income (GNI) — a key marker of prosperity — reached $9,130 per capita, placing Mexico as an upper-middle income nation by international standards.
The country is one of the most popular destinations in Latin America and the Caribbean for foreign direct investment (FDI), with FDI inflows hitting $29 billion in 2019. Mexico is a founding member of the Pacific Alliance — a regional economic integration that also includes Chile, Colombia, and Peru, and which has ambitions to expand beyond the region. The country also provides preferential access to the other two markets in North America via the United States-Mexico-Canada Agreement (USMCA), and maintains a host of other free trade agreements (FTAs) with major economies in Europe and Asia.
Mexico is a significant oil producer and exporter, while also counting vehicles, computers, medical equipment, plastics, and fresh produce among its major export products. While the United States is by far the most important destination for Mexican goods, other key destinations include Canada, China, Germany, and Taiwan.
If you are considering doing business in this lucrative market, read on to understand what you should expect from a good corporate attorney in Mexico, as well as the types of law you can expect them to deal with. Or go ahead and contact us now to discuss your business options.
Choose a reputable corporate attorney in Mexico
Establishing a business in Mexico can be challenging if you are unfamiliar with the market, or do not speak Spanish. A reputable corporate attorney in Mexico will help you overcome those hurdles, calling on their experience and expertise to oversee the smoothest market entry possible.
Your legal counsel will handle all aspects of the administration involved in the likes of company formation or branch incorporation, or will be able to manage processes such as due diligence. Where necessary, they will be able to draw up legal documentation, as well as filling out and submitting forms as needed.
Unless a process requires your personal attendance, your attorney in Mexico will also be able to represent your organization in front of local authorities, and defend your interests during any legal proceeding that may arise.
What to expect from a good corporate lawyer?
When you choose an attorney in Mexico, you should be able to expect the following:
Bilingual support: While English is widely spoken in business circles in Mexico, the official language is Spanish. That means that all procedures and documentation will be in that language. A bilingual attorney will guarantee efficient and effective communication with yourself as well as with local authorities and other stakeholders.
Specialized advice: Having years of experience, a reputable attorney in Mexico can provide you with ongoing specialized legal advice based on the latest legislative developments to ensure the success of your business activities from day one.
Local connections: A reputable corporate attorney in Mexico will have built up valuable connections during their years of working in the country, including with other businesses, partners, suppliers, and government departments, all of which could prove valuable to your business.
Intellectual property: Securing your intellectual property is a crucial aspect of doing business, and a reliable corporate attorney in Mexico will be able to help you protect your patent, logo, or trademark to guarantee your position in the market.
Legal areas covered by a corporate attorney in Mexico
Some of the legal areas covered by your corporate attorney in Mexico will include:
Commercial law: A corporate attorney will have a sound knowledge of commercial law and be able to assist you with processes and administration related to import or export operations, and other commercial exchanges.
Corporate law: Your attorney in Mexico will be able to conduct a thorough analysis of your tax matters as well as drawing up and examining contracts and other official documentation, such as trademark registrations.
Labor law: A corporate lawyer will be able to guarantee that the labor practices you implement adhere to Mexican labor laws and guarantee that you are fully compliant in all matters related to staffing.
Specialized law: If you are seeking to enter the likes of the hydrocarbon, extractive, or medical marijuana industry, your attorney in Mexico should be an expert in petroleum law, mining law, cannabis law, or any other type of specialized law that you may need. While some firms will specialize in one of these legal areas, other general corporate law firms will have specialists on staff.
Biz Latin Hub can help you find a good corporate attorney in Mexico
At Biz Latin Hub, our multilingual team of corporate attorneys have deep knowledge of corporate legal requirements and is ready to help you enter the Mexican market while staying on good terms with local authorities. With our complete portfolio of back-office solutions, commercial representations, and tax advisory services, we can be your single point of contact to ensure the success of your business venture in Mexico or in any of the other 15 countries across Latin America and the Caribbean where we are present.
Contact us now and find out how our services can be tailored to your specific needs.
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