Foreign executives looking to incorporate a company in Mexico, or enter the local market in any other way, will need to find a dependable corporate lawyer able to support their operations during the company formation process and provide specialized advice to reduce potential business risks. With comprehensive knowledge of the local regulatory framework and its particularities, an experienced corporate lawyer in Mexico will ensure full corporate compliance, avoiding unnecessary expenses and saving valuable time.
Mexico has the second-largest economy in Latin America and the 15th in the world by gross domestic product (GDP), which reached $1.27 billion (all figures in USD) in 2019. That same year, the nation of 128 millon people also recorded a gross national income of (GNI) of $9,430 per capita — a figure that places it as an upper-middle income country by World Bank standards.
Mexico is heavy promoter of international trade, and is the 17th-largest exporter in the world. The country is party to more than 50 free trade agreements (FTAs), including with countries in the Americas, Europe, and Asia. The United States-Mexico-Canada Agreement (USMCA) is perhaps the most famous of them. However, the country is also a founding member of the Pacific Alliance, which also includes Chile, Colombia, and Peru, and has expansive ambitions beyond Latin America that could see it become an even more influencial bloc.
Mexico is the fourth-largest producer of oil in the Americas, producing nearly two million barrels per day, and has important seaports offering access to both the Pacific and Atlantic oceans. The country’s top exports include unrefined petroleum, automobiles, electronics, medical equipment, and plastics, exporting mainly to Canada, Germany, China, Japan, and the United States. Likewise, Mexico’s prime imports include refined petroleum, vehicle parts, office machine parts, and cars.
If you are considering doing business in Mexico or have already established a commercial presence in the country, read on to understand more about the benefits of having a corporate lawyer in Mexico, or reach out to us now to discuss your business options.
How can a corporate lawyer in Mexico support you?
Understanding Mexico’s corporate regulations can be a difficult task for foreign or non-Spanish-speaking executives expanding into the country for the first time. Therefore, engaging with a corporate lawyer in Mexico is a wise decision to maintain your business in good standing with Peruvian authorities and prevent any legal issues that could jeopardize your commercial operations.
A lawyer in Mexico will also represent your organization before local regulatory entities, partners, and clients on your behalf, and will conduct legal processes, draft legal documents or contracts, and fill necessary forms to successfully meet all corporate requirements established by law. In addition, a corporate lawyer will defend your company against lawsuits, while offering permanent advice on tax, labor, and civil Mexican regulations.
Main benefits of working with a corporate lawyer in Mexico
Some of the main benefits of working with an experienced corporate lawyer in Mexico include:
Decision-making assistance: With extensive knowledge of the market and the statutory requirements that a company in your industry must meet, a corporate lawyer in Mexico will be able to provide expert advice to help you make better decisions to meet your business objectives and ensure the longevity of your company.
Entity choice: The tax requirements of your company depend on the type of legal entity that you choose to establish. A lawyer in Mexico will help you choose the legal entity that best suits your business needs, taking into account your business activity and business expectations.
Intellectual property protection: A corporate lawyer will guarantee the protection of your intellectual property, ensuring the competitiveness of any product or service offered in the Mexican market. Note that your intellectual property can be a logo, patent, or trademark.
Business connections: With extensive experience in the local market and business community, your corporate lawyer in Mexico should be able to bring valuable connections to the table that could benefit your business operations in the country.
Bilingual support: Despite Mexico sharing a more than 3,100 km long land border with the United States, which it counts as its primary trade partner, the use of English in the country is limited, with greatest proficiency found among professional and business circles. A corporate lawyer will likely speak a significantly higher level of English than average, ensuring effective communication between your enterprise and local stakeholders.
Finding a good corporate lawyer: key considerations
When choosing the right corporate lawyer in Mexico, take into account the following key considerations:
Professional reputation: by analyzing the reviews and experiences of former clients, you will be able to make an educated decision and choose the corporate lawyer that best suits your business.
Teamwork skills: It is important for corporate lawyers to have teamwork skills, as they will have to work together with different teams in your company, guiding them in different situations to successfully meet business expectations.
Technological aptitude: It is strongly recommended to work with a lawyer in Mexico that manages company processes virtually. This will allow confidential company information to remain secure, while allowing you to access it at any time no matter where you are.
Regulatory knowledge: Regulations in Mexico can be updated with some frequency. Your corporate attorney should be aware of recent and upcoming changes in local corporate legislation to ensure the good standing of your business.
Biz Latin Hub offers legal services in Mexico
At Biz Latin Hub, our team of multilingual lawyers in Mexico has a wealth of experience supporting foreign companies entering the local market with high-quality corporate legal services and is fully equipped to maintain your organization in good standing with local authorities, while helping you navigate Mexico’s corporate regulations. We can be your single point of contact and offer a full portfolio of market entry, commercial representation, and back-office services to support your commercial expansion in Latin America and the Caribbean.
Contact us now for personalized assistance or a free quote.
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