In Latin America, Mexico is one of the states which has adopted cryptocurrencies as an official currency, but the legislation regulating this industry is still developing. The country does apply various rules of law addressed to crypto market.
CPA in Mexico refers to a certified public accountant, a person who has gained an in-depth knowledge in the accounting profession.
A pharmaceutical company, also named a drug company, is a commercial company which is licensed to research, develop, sale and/or distribute medicines, usually in the field of healthcare.
A publishing company is a company which publishes literature, music or other types of information, making them available to the general public. Sometimes, the authors of such work can be their own publishers.
Mexico represents the seventh largest agri-food product importer in the world, not including the EU. There are numerous large local food companies which supply the market in Mexico, as well as the export to other countries, mainly in Latin America.
In 2016, the retail volume sales of cigarettes in Mexico registered a rise, which was due to the decrease of the illegal trade, causing higher consumptions of the legal tobacco products. New cigarette developments, such as the flavor capsules, also positively influenced the cigarette sales during the same year.
Last year, the B2C e-commerce turnover in Mexico increased with 26.21% to USD 4.8 billion. The country had an online population of 41.7 million people who were 15 years of age and older. Out of the entire population, 16.2 million bought something from the internet in 2015.
A holding company in Mexico is a business without any activities, which, instead, owns assets. These can be shares in other companies, units in limited partnerships, private equity funds, publicly traded stocks, bonds, property, patents, trademarks, copyrights or any other asset that has value.
A business name registration in Mexico is an absolutely necessary step in a company formation in Mexico. The chosen name for a legal entity in this country has to be filed with the Ministry of Foreign Affairs and an authorization to do business under this name has to be obtained.
In Mexico, according to the local legislation, it is possible to change a company type by closing one existing legal entity and then registering a new one. In this article, our Mexico company formation consultants cover a few aspects related to changing company types in Mexico.