{"id":8879,"date":"2021-09-22T17:47:46","date_gmt":"2021-09-22T15:47:46","guid":{"rendered":"https:\/\/wmp.mx\/?p=8879"},"modified":"2021-09-22T17:49:03","modified_gmt":"2021-09-22T15:49:03","slug":"planning-of-corporate-transfers","status":"publish","type":"post","link":"https:\/\/wmp.mx\/en\/planning-of-corporate-transfers\/","title":{"rendered":"Planning of Corporate Transfers by Foreign Partners"},"content":{"rendered":"

What should I do when I want to transfer my shares of a Mexican company?<\/strong><\/h2>\n

Whether by sale, merger, acquisition, spin-off or dissolution of one of the partners, the transfer of shares abroad without taking into consideration the prior legal compliance required in Mexico is a very common corporate practice performed by foreign partners.<\/p>\n

What should I consider when transferring corporate shares of a Mexican company?<\/strong><\/h2>\n

The problem of these corporate practices abroad derives from a breach of both the \u201cLey General de Sociedades Mercantiles\u201c (LGSM) and the \u201cEstatutos Sociales\u201c\u00a0 of Mexican companies with foreign partners.<\/p>\n

This is due to the fact that there are a series of steps to be followed before<\/u><\/strong> any type of transfer of corporate shares abroad, such as:<\/p>\n

    \n
  • The prior approval of the partners by means of an assembly (Asamblea) or a unanimous decision for the transfer of corporate shares (art. 65 of the LGSM);<\/li>\n
  • The waiver or exercise of the right of the shareholders to acquire the shares (art. 66 of the LGSM);<\/li>\n
  • The formalization of the assembly or resolutions by means of a public deed and registration in the corresponding public register.<\/li>\n<\/ul>\n

    Likewise, you must take into account the following actions once the transfer has been completed:<\/p>\n

      \n
    • Registration in the \u201cLibro de Registros de Socios\u201c of the new corporate structure (art. 73 of the LGSM);<\/li>\n
    • Publication of said structure in the electronic system of the Ministry of Economy (PSM) (art. 73 of the LGSM);<\/li>\n
    • Issuance of the corresponding nominative certificates that cover said shares.<\/li>\n
    • Notice to the \u201cRegistro Federal de Contribuyentes\u201c of the new partners (art. 27, paragraph B, section VI of the \u201cC\u00f3digo Fiscal de la Federaci\u00f3n\u201d).<\/li>\n<\/ul>\n

      What are the legal consequences of non-compliance?<\/strong><\/h2>\n

      If there is no approval and formalization of the operations to be carried out abroad, the Mexican authorities may interpret it as a breach of the corporate due process.<\/p>\n

      In case of non-compliance, the tax and administrative authorities may issue monetary penalties.<\/p>\n

      How can we help you?<\/strong><\/h2>\n

      WMP Mexico Advisors provides you with advice and consultancy for the completion of all the necessary documentation for legal compliance with the corporate process.<\/p>\n

      Therefore, it is of vital importance that, whenever a foreign partner wishes to make any movement involving any transfer of shares in a Mexican company, we are informed in advance so that we can be in a position to assist you with corporate legal compliance.<\/p>\n

      Please contact our WMP Legal department in case of any doubt or clarification on this informative note!<\/p>\n

       <\/p>\n

      Contact:<\/strong>
      \nChristoph Piotrowski
      \nChristoph.piotrowski@wmp.mx
      \nWMP Mexico Advisors<\/p>\n","protected":false},"excerpt":{"rendered":"

      What should I do when I want to transfer my shares of a Mexican company? Whether by sale, merger, acquisition, spin-off or dissolution of one of the partners, the transfer of shares abroad without taking into consideration the prior legal compliance required in Mexico is a very common corporate practice performed by foreign partners. What […]<\/p>\n","protected":false},"author":17,"featured_media":8883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"footnotes":""},"categories":[39],"tags":[],"class_list":["post-8879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en-2"],"yoast_head":"\nPlanning of Corporate Transfers by Foreign Partners - WMP Mexico Advisors<\/title>\n<meta name=\"description\" content=\"WMP Mexico Advisors provides you with advice and consultancy for the completion of all the necessary documentation for legal compliance with the corporate process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wmp.mx\/en\/planning-of-corporate-transfers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Planning of Corporate Transfers by Foreign Partners - 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