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IMPACT — MEDIUM
The Mexican government will require companies that employ foreign nationals to update their corporate registration certificate after filing their taxes for the 2022 fiscal year.
Additional Information: To prevent any delays or complications, companies should work with the INM to validate certificates before the end of April. Companies may be required to have someone make an in-person appearance to complete the company registration process at their local regional office.
BAL Analysis: Companies are encouraged to update their CRC as soon as possible after they receive their Annual Tax Declaration confirmation no later than April 30. If an employer’s CRC is not updated on time, the INM may delay or reject its immigration applications.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact firstname.lastname@example.org.
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