Marco Regulatorio del Comercio Mexico-Alemania

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Marco Regulatorio del Comercio Mexico-Alemania

  1. 1. 1© Rödl & Partner 27.08.2013 Successful together Ciudad de México, 27. August 2013 Erfolgsfaktoren in der Luftfahrtindustrie – Potenziale der Deutsch-Mexikanischen Zusammenarbeit Congreso Aeronáutico, Deutsch-Mexikanische Industrie- und Handelskammer (CAMEXA)
  2. 2. 2© Rödl & Partner 27.08.2013 Overview 03 Free Trade Agreement Mexico-EU (MEUFTA) 02 Regulatory Framework Entry Options Labor Law Work Permit / Immigration Tax System 01 About us 04 IMMEX Program 05 Common Pitfalls 06 Your Contact/ Speaker
  3. 3. 3© Rödl & Partner 27.08.2013 We are a one-of-a-kind success story from Germany  Founded in 1977 in Nuremberg  Sustained growth – present in major industrial centres of the world with 91 wholly owned offices in 40 countries  Today No. 6 in Germany and one of the leading professional services firms worldwide  Integrated services offer comprising audit, legal, tax, management and business consulting  Extensive expertise in transactions  Focus on growth markets – leading positions in China, Eastern Europe and the US  Most familiar with your culture and language  Designed to assist family owned business organizations in their global expansion
  4. 4. 4© Rödl & Partner 27.08.2013 Rödl & Partner worldwide 3.500 colleagues - 91offices - 40 countries Austria ▪ Belarus Brazil ▪ Bulgaria Croatia ▪ Czech Republic Estonia ▪ France Georgia ▪ Germany Hong Kong ▪ Hungary India ▪ Indonesia ▪ Italy Kazakhstan ▪ Latvia Lithuania ▪ Mexico ▪ Moldova People‘s Republic of China Poland ▪ Romania Russian Federation ▪ Serbia Singapore ▪ Slovakia Slovenia ▪ South Africa Spain ▪ Sweden ▪ Switzerland Thailand ▪ Turkey ▪ Ukraine United Arab Emirates ▪ United Kingdom USA ▪ Vietnam
  5. 5. 5© Rödl & Partner 27.08.2013 Our offices in Mexico-City and Puebla  Only German professional services firm in Mexico  Offices in Mexico-City and Puebla  Latin American service team based at German headquarters  Tailor-made solutions for foreign direct investment – audit and accounting, legal and tax consulting, business process outsourcing –  Investment consulting in Mexico  Consulting in all legal aspects within NAFTA, MEUFTA and IMMEX  Advice on business process outsourcing in Mexico  Advice on transfer pricing strategy
  6. 6. 6© Rödl & Partner 27.08.2013 Regulatory Framework Entry Options Local Subsidiary Wholly owned subsidiary Joint Venture Representation Liaison Office Branch Office Distribution Commercial Agent Importer/ Exporter German Corporate Mexico
  7. 7. 7© Rödl & Partner 27.08.2013 Regulatory Framework Company foundation Sociedad Anónima Sociedad de Responsabilidad Limitada Capital De facto no minimum De facto no minimum Members Min. 2 Shareholders 2 – 50 Partners Liability Limited to equity participation in the company Limited to the agreed contribution of the partners Comisario Obligatory Optional Wholly owned Subsidiary Optional C.V. = Variable Capital capital divided into a fixed and a variable capital, which can be increased and decreased with a minimum of formalities
  8. 8. 8© Rödl & Partner 27.08.2013  Guiding principle: contracts for an indefinite term  Termination of employment only possible if there is a legal cause for the dismissal  Right to choose between reinstatement or severance compensation for unjustified dismissal  10 % compulsory Employees’ Profit Sharing from taxable income (“PTU”)  Compared to Germany less vacation days  Premium of 25 % of regular pay for vacations  Christmas bonus equivalent to 15 days‘ pay (must be paid before December 20 each year)  Social security contributions are incurred by both the employer and the employee. But significant part is paid by the employer (represent 20 % - 30 % of the payroll costs) Regulatory Framework Labor Law I - Labor relationship and social security Amendments to Labor Law in force since December 1st 2012
  9. 9. 9© Rödl & Partner 27.08.2013  Trial period for contracts of indefinite term  Restriction on outsourcing as working regimen  Modalities of the remuneration  Termination/annulment of the contract  Limitations on indemnification in case of court proceedings  Extension on employer obligations  Legal regulations for expatriate  Labor union Regulatory Framework Labor Law II - Amendments to Labor Law since December 1st 2012
  10. 10. 10© Rödl & Partner 27.08.2013 Regulatory Framework Work Permit / Immigration Foreigners intending to work in Mexico may apply for the following types of visa: Visitante: Residence permit "Visitante" can not be extended Residente:  Visa must be requested at the Mexican Consulate / Embassy  Travelers must apply within 30 days at the local immigration office for a residence card Visitante Residente- Temporal Residente- Permanente Length of stay 180 days Up to 4 years permanent Multiple entries No Yes Yes Remunerable work Yes Yes Yes
  11. 11. 11© Rödl & Partner 27.08.2013 Corporate Income Tax (ISR) Flat Tax (IETU) Value Added Tax (VAT) Rate 30% 17.5% 0%: medicines, exports 11%: border region 16%: other activities Filing monthly monthly monthly Basis worldwide income operates under cash flow method sale/purchase Federal Level  Taxation of companies at federal and state level Regulatory Framework Tax System I Identical taxation rates for S.A. and S. de R.L.
  12. 12. 12© Rödl & Partner 27.08.2013 Other considerations…  Double Tax Treaty with USA and Germany  Annual tax return must be filed within the first 3 months of the following NO extensions are available  Filing of financial statement with tax opinion (Dictamen fiscal) of an independent public accountant. This procedure has to be followed by taxpayers with: • Gross income > ca. 2,3 Mio. EUR • Assets > ca. 4,5 Mio. EUR • Number of employees > 300  Tax payers are obliged to carry out an annual transfer pricing study if they have transactions with related parties Regulatory Framework Tax System II
  13. 13. 13© Rödl & Partner 27.08.2013 Further considerations…  Losses can be carried forward up to 10 years  Adjustment for inflation  No withholding tax on dividends paid by Mexican companies, if the dividends are from the taxed profits (from the “CUFIN account”)  Royalties paid to a non resident are subject to withholding tax • 30% for patents and trademarks • 25% for all other royalties Regulatory Framework Tax System III
  14. 14. 14© Rödl & Partner 27.08.2013 Goal Benefits Requirements  Elimination of custom duties  Elimination of non-tariff barriers on imports and exports  Free Trade Agreements, in particular MEUFTA and NAFTA, can be combined  Reduction of manufacturing costs and improvement of competitiveness  MEUFTA - Certificate of Origin and Rules of Origin must be maintained  Boost bilateral trade and investment and create exceptional conditions for business development between Mexico and the EU Free Trade Agreement Mexico-EU (MEUFTA)
  15. 15. 15© Rödl & Partner 27.08.2013 IMMEX Program I IMMEX Program is defined as an… Who can use the IMMEX Program?  instrument to promote foreign direct investment through custom and tax incentives Following companies:  Holding  Manufacturing  Service  Shelter  Outsourcing
  16. 16. 16© Rödl & Partner 27.08.2013  Authorization from the Ministry of Economy  Export over 500,000 USD in a one year period or export 10 % of the total revenues  At least 30% of the machinery and equipment must be owned by the foreign company  Submission of an annual electronic report of total sales and exports  Submission of monthly turnover-report for statistical purposes Requirements Benefits  Avoid the payment of VAT  Temporary import of raw materials, machinery and equipment and administrative equipment without paying any import duties or VAT  Eased transfer-pricing rules  Automatic inscription in the National Importers registry without application IMMEX Program II
  17. 17. 17© Rödl & Partner 27.08.2013 1 • Ignoring soft factors such as the “mañana mentality” 2 • Caution while employing individuals - customize your contracts to local law 3 • Keep up to date with constantly evolving legal and tax changes 4 • Doing business in Mexico is part of social life 5 • Bring patience! 6 • Imposing German standards for administration, timeline, infrastructure Common Pitfalls
  18. 18. 18© Rödl & Partner 27.08.2013 Your contact Mexiko-Stadt José A. García Torre Magenta (17th Floor) Paseo de la Reforma 284 Col. Juárez 06600 Mexico, D.F. Tel.: + 52 (55) 4739-2227 Fax: + 52 (55) 4739-2001 E-Mail: mexiko-stadt@roedl.pro Puebla José A. García Torre JV III (5th Floor) Vía Atlixcáyotl 5208 Col. Territorial Atlixcáyotl 72810, San Andrés Cholula, Puebla Tel.: + 52 (222) 431-0027 Fax: + 52 (222) 431-0169 E-Mail: puebla@roedl.pro Deutschland Dr. Marcus Felsner Straße des 17. Juni 106 10623 Berlin Tel.: + 49 (30) 810 795-51 Fax: + 49 (30) 810 795-59 E-Mail: marcus.felsner@roedl.pro
  19. 19. 19© Rödl & Partner 27.08.2013 Your speaker Dr. Andreas Voß is an attorney-at-law (admitted in Germany) and Head of Legal Services at Rödl & Partner in Mexico. After his studies at the University of Bielefeld, Germany, and the Saint Louis University School of Law, Missouri, U.S.A., he practiced as a lawyer in the areas of German and European Company Law, Mergers & Acquisitions, Banking & Capital Markets and Corporate Finance. Before joining Rödl & Partner Andreas Voß was a partner in a leading Anglo-American law firm in the area of cross-border corporate transactions. Dr. Voß is the author of several scholarly publications and a frequent speaker at conferences in Germany and at international level on Mexico and Latin America in general. Dr. Andreas Voß, LL.M. (SLU) Rechtsanwalt Roedl & Partner S.C. Torre Magenta (17th Floor) Paseo de la Reforma 284 Col. Juárez 06600 México, D.F. Tel.: + 52 (55) 4739-2227 Fax: + 52 (55) 4739-2001 E-Mail: andreas.voss@roedl.pro
  20. 20. 20© Rödl & Partner 27.08.2013 The Castellers de Barcelona The Castellers are like us: “every single individual counts” – when working together and when supporting our clients.

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