Chihuahua, Chih., June 26, 2024
Dear Clients and Friends,
As part of the services provided by our corporate practice area, we hereby inform you of the obligation to file the quarterly update report before the Ministry of Economy, through the National Registry of Foreign Investments (“RNIE”); this office registers and keeps track of the foreign capital that enters the country through any person or company that performs commercial acts.
The aforementioned notices shall be filed during the following 10 working days after the end of each trimester (January-March, April-June, July-September, and October-December), if during said quarter any of the following corporate movements took place:
- Amendments to the corporate name, address, or to their economic activity;
- Amendments to the social capital and/or the equity/capital structure, if related to a foreign person or company’s shares or equity participation;
- Changes to any of the following accounts:
- Receivables from foreign residents that belong to the same corporate group;
- Payables in favor of foreign residents that belong to the same corporate group;
- Contributions for future capital increases, capital reserve or the results of previous fiscal years.
The herein informed, applies only if the amendments and/or modifications imply movements valued over $20’000,000.00 (twenty million Mexican pesos 00/100).
Thereof, if the obligation to file said notice is born due to any corporate movements performed on the last quarter (April-June), said filing shall be complied before July 12, 2024.
It is important to state that, failing to comply with said filing results in the imposition of a fine. Thus, if the Company needs to file the notice, we will be pleased to either assess or aid you to comply with its filing.
For any doubts or inquiries, do not hesitate to contact us.