Mexico: Corporate and Company Law

When an Asian company seeks to expand into Mexico, the path is usually imagined as a linear and direct one: define a corporate structure, prepare the documents, and make sure that the lawyers in Mexico do their job. The problem is that, when the necessary documentation is not anticipated with precision, delays and obstacles to the expansion can arise. These do not usually stem from an underlying legal issue or from a decision of the authorities, but rather from the details of a simple document such as a power of attorney.

One of the biggest mistakes when building a fintech is assuming that financial regulation is only a concern for companies that aspire to become banks. The reality is quite different. Many of today's most successful fintech companies began operating entirely outside the regulatory perimeter. They built innovative technology, validated their business models, acquired customers, and generated revenue without holding a financial services license.

When a company collects biometric data in Mexico, one important question that is often asked is how Mexico’s evolving privacy framework treats that information, and what obligations or risks come with it. The concern is well founded, because biometric data is one of the most sensitive categories of personal information, and Mexico’s recent changes to implement the biometric CURP to citizens have only increased discussion around the topic.

The MVE, which will be enforceable as of April 1, 2026, is a digital document integrated into Mexico's Single Window for Foreign Trade (VUCEM – Ventanilla Única de Comercio Exterior) through which importers must declare the customs value of goods entering Mexico.

Mexico's customs and foreign trade legal framework has evolved into a substance-based compliance model. Authorities now expect importers to demonstrate not only what was imported, but also why, under what legal relationship, and under what economic terms the transaction took place.

Corporate compliance in Mexico is often understood through the lens of tax filings and payroll obligations, with their fixed deadlines, automated reminders, and clear consequences for non-compliance.

El SAT confirmó oficialmente la prórroga de la Manifestación de Valor Electrónica (MVE) hasta abril 2026, brindando 4 meses adicionales a los importadores para cumplir con esta obligación fiscal.

Who is/are the relevant merger authority(ies)? If relevant, please include details of: (i) independence from government; (ii) who the senior decision-makers are (e.g. Chair, Chief Executive, Chief Economists)...

On November 24, 2025, through the publication of Bulletin 50/25, the Ministry of Labor and Social Welfare (hereinafter, "STPS") published the New Inspection Protocol on Subcontracting (hereinafter, "Inspection Protocol").