Doing Business

Doing Business in Mexico 2015

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31 Doing Business in Mexico 2015 Chapter 5 Restrictions on foreign investment and investors Investor considerations • There are no exchange controls. • Capital and earnings can be freely remitted abroad. • 100% foreign ownership is permitted in a majority of economic activities, including the commercial and services sectors. • Banking industry is almost 100% private and majority foreign ownership of banks is allowed. In addition, NAFTA permits 100% U.S. and Canadian participation in other financial activities, with special requirements. • Private and direct foreign investment at 100% is now permitted in telecommunications and satellite communications. • Regarding the Energy industry, the Secondary Law establishes that exploration and production can now be carried out by contractors (private companies); and other value activities of oil industry such as refining, processing, transportation, storage, distribution and commercialization are now unrestricted and can be conducted under permits and/or authorization. 5

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