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Mexican Companies Must Meet Financial Regulatory Compliance Requirements

As Mexican companies operate globally, it is essential to understand and comply with financial regulatory requirements to avoid penalties and fines.

Annual General Meeting (AGM) Reporting

In a recent meeting of the Annual General Meeting (AGM) of [Company Name], shareholders reported to the Tax Authority before March 31st as required by law. The report included personal details of the shareholders or partners, including information on where they pay taxes.

Financial Regulatory Compliance Requirements

According to experts at Biz Latin Hub, Mexican companies with foreign investments must submit annual and quarterly reports to the National Registry of Foreign Investments (RNIE). This includes:

Changes in corporate name, tax domicile, or business activities
Modifications in capital stock and/or shareholding structure
Movements in accounts exceeding MXN 20,000,000
New contributions, reserves, or withdrawals
Retained profits
Disposals of retained profits

Additionally, companies that reach a certain size must submit an annual economic report to the RNIE by either April or May each year. Quarterly economic reports are also required for companies that meet specific financial benchmarks within 10 business days of the end of each period.

Key Requirements

Other key requirements include:

Renewal of employer registration with immigration authorities (INAMI) at least 30 days prior to the expiry of the outstanding license, accompanied by a recent tax return.
Review and modification of internal labor policies consistent with changes made to Mexican labor law.
Preparing labor contract addendums for salary raises or other critical changes in working conditions.
Ensuring company policies regarding data protection and intellectual property are up-to-date and reviewed periodically.
Renewing leases on any property used by the business.

Common Questions

In a recent survey of clients, common questions and doubts on entity legal compliance in Mexico were raised. These included:

What are the common statutory appointments for a company in Mexico?
Is a registered office address needed for a legal entity in Mexico?
When must an Ordinary Shareholders Meeting be held in Mexico?
When must I notify RNIE about any company changes in Mexico?
What is the Annual Income Tax Operation and when is it held in Mexico?

Expert Assistance

At Biz Latin Hub, we provide integrated market entry and back-office services throughout Latin America and the Caribbean. Our team of experts can assist with financial regulatory compliance in Mexico, including:

Accounting & taxation
Company formation
Due diligence
Hiring & PEO
Corporate legal services