Doing Business in Mexico, English

Doing Business in Mexico: A Guide

24 Aug , 2020  

Invest in Mexico, Doing Business in Mexico 2020, Mexican Law Firm, Guide, Foreign Investment Guide, Doing Business Ranking

In line with our objectives, VTZ Law Firm has developed a Doing Business in Mexico Guide with a strong focus on foreign investment in manufacturing activities. It is our goal as trusted advisors and business facilitators to guide foreign investors, providing insights in a concise manner.

Why Doing Business in Mexico?

Before the coronavirus outbreak, economists predicted that Mexico was heading to be the seventh economy of the world in 2050.[1] Mexico would be growing at a 3.5% annual average rate over the next three decades, a growth rate superior to that of developed economies. Mexico’s size of the economy, demographic, sound macroeconomics, stable public finances, as well as recent amendments to strategic economic sectors have contributed to a better economic performance according to the OECD.[2]

Today, Mexico is one of the most attractive foreign investment destinations. Besides being the 15th largest economy in the world, Mexico is a “free market” economy that is opened to international trade and foreign investment. As a result, Mexico has a highly diversified economy, modern industries, and a developed financial market. This is the result of a shift from protectionist towards liberal economic policies since the beginning of the 1990s, particularly, with the North American Free Trade Agreement.

Needless to say, there is still much work to be done to improve the general conditions of life for Mexicans, as well as for the business environment. For instance, the World Economic Forum identifies Mexico’s five most problematic factors for business: corruption, crime and theft, inefficient government bureaucracy, tax rates, and tax regulations.     However, there is hope. In recent years, business facilitation measures have been in the political agenda as well as tackling corruption, which is now more relevant than ever as a result of Mexico’s modern free trade agreements (FTAs). In fact, it is clear that Mexico’s competitiveness relies on its extensive FTAs network as a pivotal force for its economic development.

Therefore, the United States-Mexico-Canada Agreement (USMCA), which entered into force in July 2020, will continue to consolidate the country as an attractive business destination as long as Mexico successfully implements said agreement.

Mexico is living a historic moment. The political map changed significantly following the general elections held in July 2018. Mexico’s president, Andrés Manuel López Obrador (AMLO), and his party, the National Regeneration Movement (Morena), have continued the trend to promote, for instance, free trade agreements, but they have also adopted new and controversial policies. For instance, Mexico’s investment and trade promotion agency, PROMEXICO, was extinguished as result of “austerity” measures.

Vázquez Tercero & Zepeda (VTZ) seeks to fill that void and promote Mexico as a business destination for international companies and foreign investors in an honest and concise manner. This is why VTZ has developed Doing Business in Mexico 2020, which is divided into seven chapters:

1. Why Invest in Mexico?

2. Foreign Investment

3. International Trade Policy

4. Trade Policy for the Manufacturing Industry

5. Creating a Company in Mexico

6. Taxation in Mexico

7. Labor & Migration

In these executive guides, VTZ aims to help and to provide insights regarding relevant legal topics on business, trade, tax, and labor for potential investors, that seek to reap the best out of Mexico and the manufacturing industry.

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[1] PWC, The World in 2050, 2017 p 6.

[2] OECD, Towards a Stronger and More Inclusive Mexico, p 1

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General

VTZ Newsletters

25 Jun , 2020  

VTZ, abogados, Mexican lawyers, trade, tax, comercio, fiscal

VTZ Newsletters: Comercio Exterior, Fiscal y Más.

(English below)

¡Hola, muchas gracias por visitar nuestra sección de noticias! Si te interesa recibir a tu correo electrónico nuestros boletínes, suscríbete! El formulario para nuestros VTZ Newsletters está abajo, tenemos los siguientes boletínes:

  • The Trading Room: Boletín que resume las noticias comerciales más destacadas de la semana.
  • The Tax Room: Boletín que alerta sobre cambios en materia fiscal.
  • Legal Alerts: Boletín que alerta sobre cambios legales en materia de comercio internacional, aduanas, IMMEX, entre otros temas.

De acuerdo con nuestra visión y manera de trabajar, nuestros VTZ Newsletters se destacan por ser concisos. En pocas palabras, te resumimos y explicamos lo importante para que siempre estés enterado de los desarrollos comerciales, legales o fiscales en México.

VTZ Newsletters: Trade, Tax, and More.

Hello, and thank you very much for visiting our news section on our website. If you are interested in receiving in your email our VTZ newsletters, subscribe! The form is below, we have the following newsletters:

  • The Trading Room: Newsletter that summarizes the most relevant commercial news of the week.
  • The Tax Room: Newsletter that alerts Tax Changes, available in Spanish.
  •  Legal Alerts: Newsletter that reports legal changes in international trade, customs, IMMEX, among other matters.

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English, News

COVID-19 – LET US HELP

3 Apr , 2020  

Alliott Group, Relief Measures, COVID

COVID-19, How can we help?

(Download the PDF Version: COVID and Alliott)

COVID-19, everyone knows about it, but we are yet to find out the extent of the economic, social, and humanitarian consequences of this sanitary “tsunami”. Indeed, we live in extraordinary and complicated times caused by an unprecedented pandemic in recent history. From our perspective, the uncertainty persists and grows over the days, despite the fact that there is an abundance or excess of information, impossible to digest, produced by the digital age.

This pandemic puts the world to a test, including advisers to local and international businesses like us. Governments around the globe will react seeking to repair the damages or lessen the blow of this paralyzing wave. Businesses, meanwhile, will have to be alert and seek the relief measures available that are offered by governments in order to react in the best possible way to COVID-19’s effects. It is at this point where we and our colleagues of Alliott Group wish to offer our help in our capacity as key advisors for international businesses.

As a member of Alliott Group: Alliance of Accountants & Lawyers Worldwide, VTZ puts free at your reach relevant information on government relief measures, tax incentives or the like offered in countries due to the COVID-19 pandemic. We are convinced that having a global vision on relief measures in different parts of the world will undoubtedly help business rethink their plans and contractual commitments. To access the information, visit Alliott Coronavirus Global Resources.

In advance, VTZ prepared a summary of the following relevant events and measures that Mexico has adopted in response to COVID-19:

  • USMCA status;
  • Sanitary Emergency Declaration and Government Measures;
  • Tax Incentives?

We, our colleagues of Alliott Group in 69 countries and VTZ, are ready to face and overcome the effects of this health crisis with you. So, tell us, how can we help?

 

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News

VTZ appointed as Alliott Group’s exclusive law firm member in Mexico

31 Jan , 2020  

Alliot Group, Worldwide Alliance of Independent Accounting, Law and Consulting Firms, International law, international trade, tax consulting, Vázquez, Tercero y Zepeda, International Law Firm, Best Lawyers in Mexico

 Alliott Group: International alliance of independent professional services firms

Vázquez Tercero & Zepeda aims to consolidate and strengthen our tax law practice this decade. In order to do so, we were aware that we needed to join forces with a recognized international network. We found the ideal association, Alliott Group: Alliance of Accountants & Lawyers Worldwide, and Vázquez Tercero & Zepeda is honored to have been accepted.

 

With our membership, we are now even better prepared to support and advise foreign clients investing in Mexico and our clients who are doing business internationally.

 

About Alliott Group

 

Founded in 1979, and with 160 member firms in 66 countries, Alliott Group is an award-winning international association (‘alliance’) of independent accounting and law firms that need deeper levels of cross border resources to develop reputation, visibility and new business. Alliott Group provides services to help its member firms to position themselves as the ‘go to’ firms in their local markets for businesses and private individuals with multi-market business interests.

 

Alliott Group is expanding fast, with 19 firms having joined in 2019. The alliance has its sights set firmly on growing its legal and accounting membership to 100 countries. Opportunities are available to independent professional firms in specific countries in Central and Eastern Europe, but also in the key markets of Africa, China and the ASEAN countries, Australasia, the Gulf Cooperation Council region, Central and South America and the United States and Canada.

Vázquez Tercero & Zepeda’s History

 

Established in 1973, the leading law firm is headed up by Managing Partner Mr. Adrian Vazquez. The firm has two additional equity partners, nine local partners and 27 associates and support staff, and therefore a total team of 39 people who offer exceptional legal services in Spanish, English, French, Portuguese and Chinese.

 

With over 45 years of experience, the Chambers & Partners and Legal 500 legal, among others, have ranked VTZ consistently over the last decade as one of Mexico’s most specialized law firms in international and customs law.

 

Adrian Vazquez comments:

“Our services are intended to be a strategic tool for the success of our clients’ business, particularly, in their international trade-related operations. Companies, trade associations and governments rely on our experience in trade and international matters. Our strategy for the new decade is to strengthen our tax law practice by having acquired a tax boutique firm in late 2019.

“This level of expertise positions us perfectly to help clients to master the inherent complexities of Mexico’s regulatory landscape. With our Alliott Group membership, we are now even better prepared to support and advise foreign clients investing in Mexico and our clients who are doing business internationally.”

Do not hesitate to contact us at: info[@] vtz.mx

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English, News

Chambers: VTZ, a Top Trade and Customs Law Firm in Mexico.

15 Aug , 2019  

Váquez Tercero & Zepeda, A Top Mexican Law Firm in Trade and Customs

Band 1 in International Trade/WTO in Mexico

Vázquez Tercero & Zepeda (VTZ) is ranked in Band 1 of Chambers and Partners’ Latin American 2020 Guide, sharing the spot with two other firms. For the past seven years, VTZ has established itself as a leading law firm within this ranking.

Top Ranked, Chambers Latin America 2020, Vazquez Tercero & Zepeda, VTZTop Mexican Law Firm in International Trade and Customs Chambers and Partner, International Guide RankingThis guide notes VTZ as a “pace-setting player in international trade matters”, from antidumping investigations, verification visits, to maquiladora (IMMEX) industry. Chambers also highlights that VTZ “routinely receives mandates from acclaimed clients…”, and that sources consider VTZ as the most experienced firm in trade remedies and that the firm is “really practical and [VTZ’s] advice was very reasonable and actionable”

 

 

Best Mexican Lawyers in Trade & Customs

In addition, two VTZ partners are listed as leading lawyers and individuals in the field of International Trade/WTO Law:

Adrian B Vazquez

Adrian Vázquez, Band 1 Chambers, Trade Lawyer, Customs Law, Top ranked lawyer in Mexico

Band 1 in Chambers

 

Eduardo Zepeda

Eduardo Zepeda, Band 4 ranked in Chambers, Trade and Customs Lawyer in Mexico, Maquiladora, IMMEX Expert

Eduardo Zepeda, Band 4

Visit VTZ’s Chambers Review:

 Chambers Latin America – VTZ

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English, News

Best Lawyers Interviews Adrian Vázquez

14 Aug , 2019  

Best Lawyers, 2019 Law Firm of the Year, Mexico, Adrian Vázquez, Trade Law Firm in Mexico

Vázquez Tercero & Zepeda – Mexico’s 2019 “Law Firm of the Year”

As previously announced, the guide Best Lawyers considered  Vázquez Tercero & Zepeda as the 2019 Trade Law Firm. As a result of such great honor, Best Lawyers interviewed our managing partner, Adrian Vázquez, to have a legal insight regarding trade developments in Mexico.

“Moving with the World”

Best Lawyers CEO Phillip Greer had a conversation with Adrian Vázquez, where our partner discussed a broad range of topics, from the future of international trade in Mexico, WTO disputes, why the renegotiation of NAFTA is forcing Mexico to explore new avenues for trade such as Europe and the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), and the ways VTZ has innovated internally to adapt to the modern world.

Adrian Vázquez’s Insights:

We highlight Adrian’s comment when commenting on CPTPP:

Once I was talking with a U.S. trade lawyer, and he told me that TPP is all about three countries, Vietnam, Vietnam, and Vietnam. So that’s something that we should be very focused on, because Vietnam is very competitive in footwear, it’s competitive in textiles, and it’s competitive in steel. And those three are very sensitive sectors in Mexico.

I would guess that we will not be exporting textiles, footwear, or steel to Vietnam. On the contrary, we will be importing textiles, footwear, and steel from Vietnam and this will open new trade remedy cases against Vietnam. First, it was China, but Vietnam will follow.

Read the article.

The article is available on the following link:

https://www.bestlawyers.com/article/vazquez-tercero-zepeda-law-firm-of-the-year/2521

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News

Texto del TMEC en Español y Por Capítulo

22 Jan , 2019  

Texto TMEC, Texto USMCA, español, VTZ, Vazquez Tercero Zepeda

DOF: El Texto Final del TMEC Por Capítulo

El 30 de noviembre de 2018 los jefes de estado Enrique Peña Nieto, Donald Trump y Justin Trudeau firmaron el TMEC (o USMCA, por sus siglas en inglés), el cual remplazó el 1 de julio de 2020 el Tratado de Libre Comercio de América del Norte (TLCAN).

El día 10 de diciembre de 2019, los tres países firmaron un protocolo modificatorio al TMEC, mismo que fue aprobado por el Senado. En el siguiente link puedes consultar el texto del protocolo:

PROTOCOLO – TMEC

Texto DOF del TMEC  por Capítulo

El día 29 de junio de 2020 se publicó el texto final del TMEC en el Diario Oficial de la Federación, el cual contiene más de 1,000 páginas. En línea con nuestra misión,  VTZ abogados desea facilitar a todos los interesados en tener fácilmente a su alcance el o los capítulos del TMEC que le sean de su interés.

 

Decreto Promulgatorio y Preámbulo del TMEC

Capítulo 1 – Disposiciones Iniciales y Definiciones Generales

Capítulo 2 – Trato Nacional y Aceso de Mercancías al Mercado

Anexos – Capítulo 2

Capítulo 3- Agricultura

Anexos – Capítulo 3

Capítulo 4 – Reglas de Origen

Anexos – Capítulo 4

Capítulo 5- Procedimientos de Origen

Anexos – Capítulo 5

Capítulo 6 – Mercancías Textiles y Prendas de Vestir

Capítulo 7 – Administración Aduanera y Facilitación del Comercio

Capítulo 8 – Los Hidrocarburos

Capítulo 9 – Medidas Sanitarias y Fitosanitarias

Capítulo 10 – Remedios Comerciales

Anexos – Capítulo 10

Capítulo 11 – Obstáculos Técnicos al Comercio

Capítulo 12 – Anexos Sectoriales

Capítulo 13 – Contratación Pública

Anexos – Capítulo 13

Capítulo 14 – Inversión

Anexos – Capítulo 14

Capítulo 15 – Comercio Transfronterizo de Servicios

Anexos – Capítulo 15

Capítulo 16 – Entrada Temporal de Personas de Negocios

Anexos – Capítulo 16

Capítulo 17 – Servicios Financieros

Anexos – Capítulo 17

Capítulo 18 – Telecomunicaciones

Capítulo 19 – Comercio Digital

Anexos – Capítulo 19

Capítulo 20 – Derechos de Propiedad Intelectual

Anexos- Capítulo 20

Capítulo 21 – Política de Competencia

Capítulo 22 – Empresa Propiedad del Estado y Monopolios Designados

Anexos – Capítulo 22

Capítulo 23 – Laboral

Anexos – Capítulo 23

Capítulo 24 – Medio Ambiente

Anexos – Capítulo 24

Capítulo 25 – Pequeñas y Medianas Empresas

Capítulo 26 – Competitividad 

Capítulo 27 – Anticorrupción

Capítulo 28 – Buenas Prácticas Regulatorias

Anexos – Capítulo 28

Capítulo 29 – Publicación y Administración

Anexos – Capítulo 29

Capítulo 30 – Disposiciones Administrativas e Institucionales

Capítulo 31 – Solución de Controversias

Capítulo 32 – Excepciones y Disposiciones Generales

Capítulo 33 – Asuntos de Política Macroeconómica y de Tipo de Cambio

Capítulo 34 – Disposiciones Finales 

*No obstante nuestro esfuerzo, sugerimos siempre consultar la versión del Diario Oficial de la Federación para cualquier tema oficial y para mayor certeza legal. No nos hacemos responsables de alguna omisión. Cualquier duda o comentario, no duden consultar alguno de nuestros miembros. Mayor información info[@]vtz.mx

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Texto del TMEC en Inglés

También puedes visitar la página del USTR para consultar el texto en inglés :

USMCA Text

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English, News

VTZ IS THE MEXICO’S LAW FIRM OF THE YEAR IN TRADE LAW

12 Dec , 2018  

Best Lawyers, Best Trade Lawyers in Mexico, Mejor Despacho de Comercio Exterior, Mejores Abogados,

On December 5, 2018, Best Lawyers, an influential lawyer ranking service in the world, announced the “Firm Award in Mexico”, in conjunction with the 10th Edition of The Best Lawyers in Mexico, in which our Managing Partner, Adrián Vázquez, and our Partner Eduardo Zepeda are recognized as the Best Mexican Lawyers in Trade Law practice. This publication awarded 12 law firms in 14 different practice areas, such as competition, intellectual property, among others.

We are proud to inform that our firm, VTZ, is recognized as the Mexican “Law Firm of the Year” in Trade Law. In VTZ, we are humbled and thank our clients that have stored their trust in us and our services. VTZ congratulates all of its team members because the results, recognition, and awards are not be possible without their hard work and professionalism.

This award encourages us to continue striving to provide top-notch legal services in international trade law matters with the sole purpose of supporting our client’s businesses.

To see the Press Release, please click here: Press Release – “Law Firm of the Year”

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English, News

Who’s Who Legal: Adrian Vázquez a Leading Individual on International Trade & Customs 2018

13 Nov , 2018  

Whos Who Legal, Mejores Top Abogados de Comercio Exterior en México 2018, Top International Trade Lawyers in Mexico

Top International Trade & Customs Lawyers in Mexico

Trusted international law ranking agency, Who’s Who Legal, issued its “Trade & Customs 2018: Analysis“, in which it lists the world’s top trade and customs practitioners from over 45 countries.

VTZ is proud to announce that our managing partner, Adrian Vázquez, is considered a leading individual in Latin America. According to the publication,

Peers in the Mexico, the USA and Europe laud Adrián Vázquez at Vazquez Tercero & Zepeda as a “leader in this area, with really deep legal knowledge”. His expertise lies in trade remedy investigations and intentional trade matters.

After knowing about this recognition, Adrian Vázquez said that is was an honor to appear in the 2018 Who’s Who legal research in Trade & Customs.

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English, News

VTZ: Top-Tier firm in The Legal 500 Latin America

6 Sep , 2018  

Top Despacho de Abogados en mexico, comercio exerior, Top law Firm in Mexico, Guide Legal 500, Ranking de Abogados

The 2018 ranking of The Legal 500 Latin America was published yesterday and our firm VTZ was recognized as a top-tier Mexican law firm in the practice International Trade and Customs.

Our Managing Partner, Adrian Vázquez is listed as leading lawyers. Furthermore, the Legal 500 recommends other five VTZ members, Eduardo ZepedaEduardo González EspinosaVerónica Vázquez Bravo, Emilio Arteaga Vázquez and Hector Vázquez-Tercero. We are proud of all of our members and this result.

We invite you to visit the guide in the following link: The Legal 500 – IT&C – Mexico

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