If you’re interested in becoming a foreign investor or doing business in Mexico, you’ll want to hear the salient tips shared by my Mexico markets experts on the show today, Laura Nava and Alejandro Moreno. From establishing the right connections to understanding business formalities and pace, we’re diving deep with our quarterly Latin America and Mexico check in.
Laura Nava is a registered foreign legal consultant in California and is licensed to practice in Mexico and New York. She is a member of the Corporate and Labor and Employment Practice Groups in Sheppard Mullin’s San Diego (Del Mar) and New York offices.
Alejandro Moreno is a senior associate in the Business Trial Practice Group in Sheppard Mullin’s San Diego office. Alejandro practices general business and commercial litigation in both state and federal courts. He also has experience in private arbitration, having previously prevailed on behalf of his clients after full arbitration.
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What We Discussed in this Episode:
- The sense of loyalty and camaraderie that exists throughout Mexican and Latin American markets and cultures
- What is the best way to start a conversation with someone you’re hoping to do business with?
- Despite the friendly nature of business dealings, it’s still important to “get everything in writing” with any business venture
- Is it necessary for business owners to speak Spanish when dealing with English-speaking Mexican or Latin American nationals? Why or why not?
- Will having the right “connections” help you with your business dealings in Mexico?
- Despite having the right “connections,” should potential foreign investors into Mexico still comply with local laws?
- Why is social mobility a complex issue in Mexico?
- What are the differences in formalities when it comes to conducting business in Mexico?
- What is the role of notaries in Mexico and which business transactions require notarization?
- What is the pace of business like?