ANNOUNCEMENT 12 May 2016In May 2016, the government of Mexico announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On 12 May 2016, the government of Mexico via General Resolution 17 introduced modifications to article 9 of the Foreign Investment Law.
The specific amendments introduced refer to the amount of the aggregate assets' value embeddedin article 9 of the Foreign Investment Law.
Article 9 states that: The Mexican National Commission of Foreign Investments is required to issue a Favourable Resolution, in order to enable foreign investors to hold + 49% of the capital stock of Mexican companies, in cases when the aggregate assets' value of these companies is higher than the aggregated annualvalue amount determined by this Commission.
The newly established amount through this 2016 amedment is MXN 4.005.167.839.31(approximately US 213 million). The previous amount set in 2015 was MXN 3.810.816.212.47(approximately USD 203 million).