Doing Business

Doing Business in Mexico 2015

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30 Tax and Legal Services - PwC Mexico Nacional Financiera, S.N.C. Nafinsa (Nacional Financiera, S.N.C.), a large government-owned development bank, takes an active part in stimulating new industry in Mexico. In this connection it operates a number of services and trust funds that offer assistance, ranging from feasibility studies to direct investment in capital stock and long-term financing. The bank is particularly active in arranging joint ventures of foreign and Mexican investors in companies for the production of capital goods. Incentives to invest in other countries Mexico offers no incentives, tax or non-tax, to invest in other countries. Additionally, it discourages the investment in tax-favored jurisdictions (i.e. tax havens) by requiring the immediate recognition of undistributed earnings in some cases. Incentives and foreign investment strategy The current trend of Mexican government policy with regard to incentives is not to grant them except in exceptional cases. With respect to foreign investment, the current trend is toward welcoming it, especially when it contributes to increasing Mexico's level of employment, exports and technological development.

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