The Mexican Economy And The Thriving Commerce
Mexico is an incredible place to build an empire just as the old times dating back the European exploration era. But, just like before, cultural differences may interfere to your peaceful intentions of making your bank account healthy.
Not to give any negative connotation as this also takes place to any other foreign investments to any nation, many failed to reach their goal because of many differences. Good news, theres a means for everyone to avoid this from happening. First rule, for you to understand their ways, you have to stop understanding because the differences are just too huge.
The most practical means to go around it is to be close as much as possible to the international business resources available in Mexico like Department of Foreign Investment, State Economic Development and Tourism (in case you want to have a business related to tourism), National Commission on Foreign Investment (tasked to supervise the application and agreement of the foreign investment rule in the country), bankers and lawyers are suggested companions too so you would know the different business routes.
Just as in any nation, there are limitations on what, where and when can you do your transaction as a business entity. Let us quickly understand the law bodies formed to control all business activities. First, activities reserved only for the Mexican government, activities allowing small foreign ownership, and those that are reserved for the nationals of Mexico are listed under the Foreign Investment Categories. Just remember, if the business or activity you want to get involved with is not listed under as a Mexican citizen reserved opportunity, then youre good to go, the rest is basically permitted guided by the Commissions Regulations to the Foreign Investment Law.
The Commission even functions to define the acceptable level of involvement of the foreign body in events related to general welfare and economic events not specified by the present or existing law, existing and planned businesses, up to the new economic events and goods or produce.
All these are created for the welfare of the nation’s commerce and the people getting benefits out of it. Rules are established to minimize irregularities and to protect the individuals around it not merely for the sake putting something in writing.
If you seek just like Mexican Miracle on commerce, it wouldnt be bad to follow simple rules listed. It would be nice to soar like Mexico did. Do it the Mexican way.
With this objective in mind, the institution supports the export activity of companies established in the country and co-ordinates actions to attract foreign direct investment to national territory. ProMexico was established on June 13, 2007, as a sectoral public trust under the Ministry of the Economy, and operates through a network of 25 offices throughout Mexico and more than 27 offices abroad.
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