[ESTABLISHING A BUSINESS ENTITY IN MEXICO] 331
ESTABLISHING A BUSINESS ENTITY IN MEXICO Preface Martínez, Algaba, De Haro y Curiel, S.C. (“MAHC”) and Martínez Berlanga Abogados, S.C. (“MBA”) are law firms in Mexico with recognized trajectory, based in Mexico City and Monterrey, committed to provide the highest standard of professional legal counsel and representation. MAHC was established in 1969 and is comprised of a highly experienced and qualified team of professionals in the diverse areas of law practiced by the firm. MAHC is reputed to be one of the few law firms in Mexico that offers first class litigation services, encompassing virtually every aspect of commercial, civil and administrative legal procedures, including domestic and international arbitration, as well as a consulting legal area to prevent risks in matters related to corporate, financial, banking, regulatory, restructurings, real estate, energy and communications, designing and implementing strategies to promptly and efficiently address, mitigate and neutralize risks and crisis. MBA, established in 2006, is comprised by professionals with high experience and standards in providing quality and personal legal services in general corporate matters, restructurings, financial matters, corporate finance, mergers and acquisitions, joint- ventures, commercial matters, contractual relationships, cross border transactions, real estate, local and cross border trust structures and testamentary successions, as well as regulatory matters. These combination of practice areas and fields of expertise allow our firms to render enhanced legal advice, a result of the synergy and collective experience of our trial and consultant lawyers that grants our clients a competitive
advantage hard to match by any law firm in Mexico. I. General Overview As of March 2023, Mexico has a population of approximately 129 million people according to the Mexican National Institute of Statistics and Geography ( Instituto Nacional de Estadística y Geografía ). Covers a land area of 1,964,375 square kilometers (1,220,606 square miles) and its official language is Spanish. In matters of political division, Mexico is a Federal Republic formed by 32 states, including Mexico City. The government in Mexico is divided into three branches: (i) executive; (ii) legislative; and (iii) judicial. Each one of such branches has specific authorities granted by the Mexican Constitution. The President of Mexico leads the executive branch; the legislative branch is divided in federal and local legislative powers and their attributions are to promulgate, discuss and, in its case, issue laws and regulations; and the judicial branch is formed by federal and local courts who are in charge of enforcing the laws. Currently, Mexico is considered the second largest economy in Latin America. According to the World Bank’s Doing Business 2020 Report 19 , Mexico stands in position 60 under the overall “ease of doing business” category, surpassing countries like Brazil (124), Colombia (67), India (63) and Costa Rica (74).
19 Last published report. The next World Bank’s report will be released in Spring 2024, under the new name Business Ready (B-READY).
ILN Corporate Group – Establishing a Business Entity Series
Made with FlippingBook Ebook Creator