• Login
    • Advanced search
    • Title
    • Channel
    • Module
  • Home
  • Industry
    •  

      • Aerospace, Defense, and Government Services
      • Automotive and Mobility
      • Consumer
      • Manufacturing and Industrials
      • Education
      • Energy and Natural Resources
      • Financial Institutions
    •  

      • Insurance
      • Life Sciences and Health Care
      • Private Capital
      • Real Estate
      • Sports, Media and Entertainment
      • Technology and Telecoms
      • Transportation and Logistics
  • Practice
    • Corporate & Finance

      • Banking and Loan Finance
      • Business Restructuring and Insolvency
      • Capital Markets
      • Corporate Governance and Public Company Representation
      • Digital Assets and Blockchain
      • Infrastructure, Energy, Resources, and Projects
      • Leveraged and Acquisition Finance
      • Mergers and Acquisitions
      • Pensions
      • Private Equity, Venture Capital and Investment Funds
      • Real Estate
      • Real Estate Investment Trusts (REITs)
      • Tax
      • Transfer Pricing
    • Global Regulatory

      • Administrative and Public Law
      • Antitrust and Competition
      • Communications, Internet, and Media
      • Education
      • Energy Regulatory
      • Environment and Natural Resources
      • Financial Services
      • Food Law
      • Gaming Law
      • Government Contracts and Public Procurement
      • Government Relations and Public Affairs
      • Health
      • Immigration
      • International Trade and Investment
      • Medical Device and Technology Regulatory
      • New Nuclear
      • Pharmaceuticals and Biotechnology Regulatory
      • Privacy and Cybersecurity
      • Space and Satellite
      • Strategic Operations, Agreements and Regulation
      • Transportation Regulatory
    • Intellectual Property

      • Copyright
      • Designs
      • Domain Names
      • IP and Technology Transactions
      • IP Enforcement
      • Patents
      • Trade Secrets and Confidential Know-how
      • Trademarks and Brands
      • Unfair Competition
    • Litigation, Arbitration, and Employment

      • Business and Human Rights
      • Construction and Engineering
      • Corporate and Securities Litigation
      • Employment
      • International Arbitration
      • Investigations, White Collar, and Fraud
      • Products Law
      • Risks, Disputes, and Litigation
  • Comparative guides
  • Engage Premium
  • Login
  • Register
Hogan Lovells Engage 5.7.22
      • Title
      • Channel
      • Module
    • Hit ENTER to search in content
    • Advanced search
    • Login
  • Home
  • Industry
    •  

      • Aerospace, Defense, and Government Services
      • Automotive and Mobility
      • Consumer
      • Manufacturing and Industrials
      • Education
      • Energy and Natural Resources
      • Financial Institutions
    •  

      • Insurance
      • Life Sciences and Health Care
      • Private Capital
      • Real Estate
      • Sports, Media and Entertainment
      • Technology and Telecoms
      • Transportation and Logistics
  • Practice
    • Corporate & Finance

      • Banking and Loan Finance
      • Business Restructuring and Insolvency
      • Capital Markets
      • Corporate Governance and Public Company Representation
      • Digital Assets and Blockchain
      • Infrastructure, Energy, Resources, and Projects
      • Leveraged and Acquisition Finance
      • Mergers and Acquisitions
      • Pensions
      • Private Equity, Venture Capital and Investment Funds
      • Real Estate
      • Real Estate Investment Trusts (REITs)
      • Tax
      • Transfer Pricing
    • Global Regulatory

      • Administrative and Public Law
      • Antitrust and Competition
      • Communications, Internet, and Media
      • Education
      • Energy Regulatory
      • Environment and Natural Resources
      • Financial Services
      • Food Law
      • Gaming Law
      • Government Contracts and Public Procurement
      • Government Relations and Public Affairs
      • Health
      • Immigration
      • International Trade and Investment
      • Medical Device and Technology Regulatory
      • New Nuclear
      • Pharmaceuticals and Biotechnology Regulatory
      • Privacy and Cybersecurity
      • Space and Satellite
      • Strategic Operations, Agreements and Regulation
      • Transportation Regulatory
    • Intellectual Property

      • Copyright
      • Designs
      • Domain Names
      • IP and Technology Transactions
      • IP Enforcement
      • Patents
      • Trade Secrets and Confidential Know-how
      • Trademarks and Brands
      • Unfair Competition
    • Litigation, Arbitration, and Employment

      • Business and Human Rights
      • Construction and Engineering
      • Corporate and Securities Litigation
      • Employment
      • International Arbitration
      • Investigations, White Collar, and Fraud
      • Products Law
      • Risks, Disputes, and Litigation
  • Comparative guides
  • Engage Premium
  • Login
  • Register
  1. News
  2. Decree by means of which the Ministry of Economy issues general rules on foreign trade matters

Decree by means of which the Ministry of Economy issues general rules on foreign trade matters

12 May 2022
    • Share by email
    • Share on
    • Twitter
    • LinkedIn
    • Get link
    • Get QR Code
    • Download
    • Print

On May 9, 2022, the "Decree by means of which the Ministry of Economy issues general rules and criteria on foreign trade matters" was published in the Mexican Official Gazette, whereby several reforms in the operation of IMMEX and PROSEC programs were announced.

On May 9, 2022, the "Decree by means of which the Ministry of Economy issues general rules and criteria on foreign trade matters" was published in the Mexican Official Gazette, whereby several reforms in the operation of IMMEX and PROSEC programs were announced. Below are some of the noteworthy changes:

  • According to Rule 3.1.1., third paragraph, the Factual Description/Dossier as a requirement for requesting a new IMMEX or PROSEC program will be optional. A written request may be made for personnel of the Ministry of Economy to visit the applicant's facilities to carry out an inspection or verification visit.

  • The requirement to register a warehouse, or to register an additional domicile as part of an authorized IMMEX Program is eliminated, requiring instead an affidavit under oath, or the warehouse contract when applicable.

  • A list of Public Brokers authorized by the Ministry of Economy to carry out Factual Descriptions/Dossiers to apply for IMMEX and/or PROSEC Programs is provided.

  • A term of 10 business days is granted to notify the change of corporate name, Tax ID., partners and/or shareholders, legal representatives, and tax domicile of companies with an authorized IMMEX Program.

  • According to Rule 3.2.16, paragraph e), export operations through virtual operations shall be considered as exports for the purposes of monthly and annual reports of foreign trade operations.

  • The obligation to give notice to the Ministry of Economy 10 business days after the merger or division of companies with an IMMEX Program is incorporated.

Finally, it is worth mentioning that the new Rules will become effective as of May 10, 2022; however, up to 6 months after its entry into force, notaries public may continue to issue Factual Description/Dossiers; after such period, only Factual Descriptions issued by Public Brokerages will be accepted.

 

Hogan Lovells' Foreign Trade and Customs partners and associates will closely monitor the progress of these matters and keep our clients and friends timely informed.

We are at your disposal to provide any additional information and answer any questions you may have on the subject matter.

 

 

Authored by Mario Antonio Lara Rodríguez.

Contacts
M. Jorge Yanez V.
Partner
Monterrey
Mario Lara Rodriguez
Senior Associate
Mexico City
Antonio Cervantes
Junior Associate
Monterrey
Keywords Foreign Trade, Customs, IMMEX, PROSEC, Ministry of Economy
Languages English
Topics Tax, Trade Policy, Export Controls, Customs and Imports
Countries United States, Mexico
Delete Comment ?

Are you sure want to delete comment ?

Get link
Embed
Share by email
Get QR Code

Scan this QR Code to share this content

  • Contact us
  • Disclaimer
  • Privacy
  • Cookies
  • Legal Notices
  • Terms of Use

 

This website is operated by Hogan Lovells International LLP, whose registered office is at Atlantic House, Holborn Viaduct, London, EC1A 2FG. For further details of Hogan Lovells International LLP and the international legal practice that comprises Hogan Lovells International LLP, Hogan Lovells US LLP and their affiliated businesses ("Hogan Lovells"), please see our Legal Notices page. © 2022 Hogan Lovells.

Attorney advertising. Prior results do not guarantee a similar outcome.

Thomson Reuters HighQ Logo
© 2023 Hogan Lovells | Privacy Policy | Terms of Service