Doing Business In Mexico
Resources For Doing Business In Mexico
Welcome to the resource center for doing business in Mexico. Each resource linked to from this page has been carefully compiled and researched to provide you with the vital information you need to begin doing business in Mexico.
You can get a share of the $248 billion Mexican market when you discover what many other companies already know – that selling your products and services to Mexican companies is easy.
Or you may want to outsource some (or all) of your production to a new supplier or shop around for the best quote – in either scenario, the data and information that will facilitate your requirements can be found on one of the web pages linked to below.
The right kind of information makes all the difference when you are considering doing business in Mexico
Established in 1995, the Mexico Business Directory was created to fill a void for cost effective and accurate data for the flourishing Mexican marketplace. Our close commercial ties with our neighbor to the South created a market niche for supplying quality data on Mexico business.
The quality data and information detailed here soon became a guide to doing business in Mexico. Specializing in gathering, verifying and making available comprehensive up-to-date and accurate business information in the form of Mexican business directories propelled our publisher into being the world’s leading Mexico business mailing list and database provider.
Specific criteria is employed to ensure that only the most well established Mexican companies make it into this database, thus assuring you receive only the best and most up-to-date data available. These Mexico business databases have proven to be a highly effective market research and direct marketing tool.
The Excel format was carefully chosen because it provides you with a user friendly approach allowing you to perform searches, sorting and a variety of other database functions.
How valuable is your time?
Don’t waste another minute searching the Internet for business information on Mexican companies, when you have already found the most comprehensive resources for doing business in Mexico right here!
If you are serious about Doing Business In Mexico, whether importing low cost, high quality products or selling to this $248 billion dollar market, then be sure to check out each of the resources listed (and linked to below) on this page.
Mexico Business Lists – mailing lists are the perfect Mexico trade resource if you are only searching for a few specific sources of products or buyers for your products and services. You get to choose only the lists you need from hundreds of SIC group categories within Mexican industry and receive “complete” database details for all companies you select.
Mexican Manufacturing Companies and Maquiladoras – this business database gives you access to complete contact information and B2B data for over 304,000 manufacturers in Mexico.
Top Mexican Companies – this page describes some of the most popular industry groups for doing business in Mexico. Depending upon what type of product or service you provide, if you are interested in doing business in Mexico, then go check the details revealed on this web page. In addition to B2B data, we also have B2C data lists available for Mexico consumers and Mexico credit card holders.
Mexican Exporters – this database is compiled in an easy to use Microsoft Excel format and gives you access to approximately 19,087 exporters.
Mexican Importers – this database is also compiled in an easy to use Microsoft Excel format and gives you access to approximately 2,964 importers in Mexico.
If you find any of the links below do not work, please help out by clicking the following link to visit our contact page and sending us an email to advise us of which Doing Business In Mexico resource link(s) are not working so it can be corrected.
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If you are an importer, exporter, manufacturer or other business owner who is serious about doing business in Mexico, one of the above trade directories is your best resource to get started NOW.
Need To Know Details On How To Do Business in Mexico!
Importing and Exporting Requirements and Procedures
The Mexican Government has continued a policy of slowly eliminating restrictions on imports. Previous to any importing operation it is necessary to register within the general registrar of imports before the Secretaria de Hacienda y Credito Publico, (Internal Revenue Service).
All fiscal requirements should be accomplished and correct documents should be given before custom authorities. This includes a Federal Tax ID variety, RFC, and obliging with all the customs laws of Mexico, a number of the necessities are:
a) to fulfill all needs established by the tax laws of Mexico.
b) to maintain a stock control system.
c) to get the data and documentation needed to prove the product origin.
d) to produce product documentation for customs officers regarding manufacturer, price, and different pertinent info.
Special authorization is needed for products associated with health care, consumer protection, environment and quality. The authorization needs could vary reckoning on the kind of product to be foreign. Product description and different corresponding classification info are found within the Commodities Classification and writing.
Import Taxes and Export Taxes
a) Classification – Mexico uses The Commodities Classification and writing for both exports and imports which is compatible with other countries.
b) Appraisal – The overall import tax is assessed in keeping with the worth of the merchandise – different components are also thought of as well as different fees paid by the importing company – the importer is required to regulate the price of the merchandise to traditional
market levels – the prices are considered the taxable base of the overall import tax – the taxable base of the overall import tax is the commercial value of the merchandise, excluding freight charges and insurance.
c) Rates – The general import taxes range between 0% and 35% – most of the rates vary from 1 percent to 25 percent, with the highest rates between 35 percent and 200 percent that only apply to certain imports and countries.
d) Protected Industries – in keeping with General Agreement on Tariffs and Trade (GATT), trade economic policy has incrementally been eliminated. just some industries like automotive and pharmaceuticals remain protected and it is expected that soon these industries will no longer be protected.
e) Preferential Rates – preferential rates apply once imports return from countries which will have signed industrial agreements with Mexico, like the Integrated occupant Association, (LAIA), North American Trade Agreement, (NAFTA), and different trade agreements with Republic of Colombia, Venezuela, Costa Rica, Bolivia, and Chile – The discriminatory rates should be applied if the importing company demonstrates through a certificate of origin that the merchandise originated from a country that is a signatory to the trade agreements.
Exporters and importers are required to submit a customs declaration before customs officers, through customs brokers. If the merchandise falls within duty free restrictions the petition document should contain the tracking numbers – the petition should be included with the documentation of a bill of lading, invoice, and other documents that provide proof of the origin of the merchandise.
Customs authorities, (General Customs Administration, Legal Local Income Administrations, Federal Fiscal Audit and Collections Agency), have the authority to request a review of the petition and other related incidental documents, as well as the merchandise at any location.
Fines and sanctions
Both sanctions and fines may be assessed in Mexico for the non-fulfillment of foreign trade agreements and/or custom laws. The penalties could embody the merchandise confiscation without any chance recovery.
In the case of imported merchandise, if requirements aren’t completed at two month intervals, (except within the case of explosives, corrosive products, live animals, flammable materials, and radioactive materials, the term is fifteen days), the authorities can grant a fifteen business day term to recover the goods, if it’s not recovered the federal authorities can seize the merchandise.
Ports of Enrty
The larger ports of entry into the country are:
Gulf of Mexico…………………………………………….Veracruz and port – Altamira
Pacific Ocean……………………………………………………… Manzanillo and Acapulco
Northern Border……………………………………………. Tijuana and Nuevo Laredo
Airports……………………………………………… México, Monterrey and Guadalajara
The main railroad lines of the country are; the north border, as well as Nuevo Laredo, Matamoros, Piedras Negras, Ojinaga, Ciudad Juárez, Nogales, Mexicali, and Tijuana; the Gulf coast, Tampico – Altamira, Veracruz, and Poza Rica; the seacoast, Mazatlán, Topolobampo, and town Cruz. There are also several other major cities within the interior of the country that may be logistically worth considering when evaluating the movement of merchandise.
General Deposit Stores
Merchandise imported into Mexico by non-public firms may be held in storage. The importing company has the right to decide when to remove the products from storage, however, they will be required to pay general import taxes consideration of the effects of the exchange
rate, inflation, and IVA.
Temporary merchandise imports are subject to the following:
a) Taxes are not paid for foreign trade or compensatory rates.
b) Regulations and restrictions regarding duty free matters and formalities for the dispatch of the merchandise. Temporary imports my opt for the following methods:
a) The temporary imports that are ultimately exported within the same state or condition that were imported have a determined amount of your time to meet the required rules.
b) Temporary imports for transformation, processing, or repair by assembly firms, (Maquiladora companies), Pitex, (temporary import program to supply articles meant for export), customs accounts, Ecex, (foreign trade companies).
Customs law indicates the geographical limits of the border region. The law divides the region in 2 large sections, the border line and the border region. The border line includes the areas within twenty parallel kilometers of the international border, whereas the border region is decided to be the geographical area that’s determined by the federal subdivision. NAFTA and therefore the federal government have many measures for the particular treatment of foreign trade that’s destined to, or originating from the border regions.
The most necessary measures are:
Decrees printed within the DOF, (official federal journal), on 12/24/1994, established customs transition plans for the overall commerce of the border regions of the country. These plans have the objective of elimination of free zones that have existed for many years. These zones are incorporated into the commerce system that’s applies to the remainder of the country. These customs decrees list the following as border regions: Baja California, parts of Sonora, Baja California Sur, Quinta Roo, Salina Cruz, and the southern border with Guatemala. All individuals and firms with activities mentioned within the decrees can import under the protection of those decrees. They should register with the ME.
a) In Mexico
For general info about possible B2B relationships abroad, different national or international trade chambers, or additional details regarding other products, contact these agencies:
– Ministry of the Economy (ME)
– National bank of Foreign Trade (Bancomext)
– Information and Documentation Fund for Industry (INFOTEC)
– National Importing and Exporting Association of the Mexican Republic (ANIERM)
b) In other parts of the world
For the businesses considering exporting to Mexico, a consultation is strongly suggested with the embassies or consulates concerned. The National Bank of Foreign Trade, (Bancomext), have consultation offices which offer any info associated with imports.
North American Free Trade Agreement (NAFTA)
The North American Free Trade Agreement, (NAFTA), went into impact 01/01/1994. The approval of the agreement created one the biggest industrial exchange zones in the world, with over 360 million customers. The main purpose of NAFTA is to scale back and ultimately eliminate import duties between member countries and to support such duties for product originating from non-participating countries. NAFTA additionally created the scaling back of import and technical barriers, additionally on develop more expeditious procedures for resolving controversies and disputes. NAFTA´s objective was also to extend industrial competition at the international level. The 3 countries, (Mexico, U.S.A., and Canada), agreed to cooperate for the protection of the environment, employees rights, and improved working conditions. The rights and obligations of NAFTA are fashioned on the principles of GATT, and other international trade agreements.
The principal goals of NAFTA include:
o To eliminate quantitative and qualitative barriers
o To avoid the practice known as dumping
o To advance investment opportunities
o To safeguard intellectual rights
o To assist in the promotion of trilateral cooperation
Mechanisms for the promotion of exports
The Mexican government has focused on export promotion due to the industrial programs developed between participating countries. Mexico implemented many mechanisms that allow exporters to own free access to machinery and components.
The principal mechanisms are:
o Temporary Import Program to Produce Export things (PITEX)
o Maquiladora plant program
o Income tax refund, (Drawback)
o ALTEX certificate
o Customs accounts
o Foreign Trade firms (Ecex)
Temporary import program to supply export things, (Pitex) With PITEX, Mexican firms could temporarily import while not paying taxes or compensatory rates for raw materials, machinery, and equipment that’s utilized in the production or manufacture of products that are directly or indirectly exported.
This program permits for the temporary importing of:
a) Raw materials, parts, and components
b) Trailers and containers
c) Flammables, lubricants, auxiliary materials, and food products
d) Machine tools used to manufacture products for export
e) Machinery, equipment, instruments, and molds
f ) Appliances, equipment, and accessories for investigations, industrial safety, quality assurance, and communications
Corporations that pay under Title II of the income tax Law, (LISR), can participate in this program as long as they do not manufacture product derived from fossil fuels and are established in Mexico. There aren’t any restrictions on geographical areas or capital structure.
Import things cited in section A through D are approved to exporters that:
· Have annual foreign sales over $500K USD, or invoice export products that are at least 10% of total sales.
· relating to sections a) and f), exporters are required to have annual foreign sales that exceed thirty percent of total sales. The equipment imported via this program might also be used to manufacture articles for the national market. Operation and promotion of the Maquiladora export industry. The maquila operations is a process or service meant for the transformation, producing, or repair of foreign originated merchandise imported temporarily for subsequent export.
Mexican people or companies may participate in this program, in spite of capital structure. Companies or individual people may establish facilities anyplace in Mexico for the aim of export production, and they could sell a particular share of their total production into the national market. Established firms may adopt this kind of operation if they vie with their product within the national market and desire to take advantage of the productive capability to export.
Import tax refunds, (Drawback)
Taxes generated are refunded once import makers incorporate raw materials, replacement elements, and accessories, trailers and containers, flammables, lubricants, and different foreign materials that area unit meant for export All the materials that were incorporated at intervals the previous year of the submission of the applying, are subject to the current refund. Companies could acquire this refund after they directly invoice the importers, or after they sell the merchandise to the ultimate exporter, either employing a letter of credit or once merchandise area unit provided to a Maquiladora for export of the merchandise to an overseas trade company, (ECEX), registered within the Ministry of the Economy (ME).
High Volume Exporting Company Certificate, (ALTEX)
The principal purpose of this certification is to get preferred treatment and to simplify the procedures and paper work thru different programs that the Ministry of the Economy has established with different departments and offices of the federal government, such as:
· Specific monetary incentives, in the main through BANCOMEXT
· Preferential grants for import and export permits
· Refund of the IVA tax
Direct exporters that manufacture non-petroleum product could request this program, if they prove annual foreign sales of a minimum of two million dollars, or forty percent of total sales. If they’re indirect exporters, they have to prove indirect export sales of a minimum of 50% of total sales.
Importers that also export may choose paying import taxes for their company operations. They have to deposit the cash into customs accounts in approved banks or approved exchanges for the following situations:
· Once someone or a company imports merchandise that is meant for a manufacturing or transformation, machinery and instrumentality for reparation, adjustment or transformation for later return at intervals within the next eighteen months of the import date. These parties may request a refund of the deposited monies plus interest.
· Once a company or person imports any type of components, (different from those mentioned within the previous paragraph), that are sent back abroad in the three years following its import, they may request the refund of the monies deposited during that time, and the interest. This refunds are calculated by the percentage that’s represented by the total number of days the components were resident in Mexico in relation of the total days permitted for the depreciation of those components in keeping with the income tax laws, (LISR).
· In each case the following must be fulfilled:
· The implementation of a cost system that permits for the identification of the percentage of the foreign merchandise.
· The notification of customs authorities for the decision of paying the applicable taxes through customs accounts.
Foreign trade Firms (ECEX)
These are firms whose principal purpose is marketing promotion and to export Mexican product, (non-petroleum), so as to:
· Integrate and consolidate proposals of export, in keeping with international market needs
· Determine and satisfy demands for Mexican product abroad
· Develop international networks of distribution
· Promotion of exports for small and medium sized companies
· Integrate replacement components for export
These firms can develop market surveys, selling programs, strategies, and analyze operations of merchandise traffic and supply issues, as well as shipping, insurance, customs procedures, and documentation.
· Procuring high volume export company certificates, (ALTEX)
Specific projects require approval by the Temporary Import Program to Produce Export Items, (PITEX), for those parts that are utilized in production, in spite of not fulfilling the minimum required percentages to participate in this program. Solely, the importation of raw materials, replacement parts, components, containers, flammables, trailers,lubricants, and a few other
materials that are permitted.
· Free industrial information service
· Access to monetary incentive programs established by BANCOMEXT
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