Controlling Beneficiary
With the latest reform of article 32-B Ter of the Federal Tax Code (CFF), All companies in Mexico are required to identify, preserve, and update the information of their Ultimate Beneficial Owners. This process allows tax authorities to know the people who actually own or control a company, ensuring transparency and tax compliance of businesses in the country.
Compliance with Labor Obligations
In Mexico, the Federal Labor Law (LFT)It establishes the legal bases that all companies must comply with in their capacity as employers. These obligations are supervised by the Secretariat of Labor and Social Welfare (STPS) through inspections, and failure to comply can result in significant economic sanctions, from 50 to 5,000 UMAs, for each unmet obligation.
Meet your work obligations in an orderly and safe manner. We assist you in the creation and management of Joint Committees for the Regulations, Seniority Table or PTU, Job Training, and compliance with safety and hygiene, ensuring that your company is prepared for inspections and aligned with current legislation. In UR GlobalWe help structure labor compliance through clear and organized processes.
Capitalizations in Mexico
Capitalization is the process through which the company’s liability is transformed into capital, issuing new shares that are subscribed by the creditor. This operation allows strengthening the company’s financial position by increasing its own capital. This process can help reduce financial costs, facilitate access to financing, support growth, and optimize the tax structure.
REPSE: Comprehensive service for compliance
In April 2021, the labor reform introduced relevant modifications to the labor and business framework by restricting the subcontracting of personnel and establishing the concept of specialized services or works. With this new legislation, companies that provide specialized services must be registered in the REPSE (Registry of Specialized Service Providers).
The Ministry of Labor and Social Welfare (STPS) is the authority in charge of supervising compliance with this regulation, and failure to comply with these obligations may result in sanctions of up to 50,000 UMAs.
Accounting and Tax Review and Consulting in Mexico
In Mexico, accounting and tax review plays a key role, as this process allows strengthening the control and supervision mechanisms that favor transparency and regulatory compliance in the company’s financial and administrative operations.
