Thanks to its geographical location, economic growth, industry development, and good relationship with European, Asian, and American countries, Mexico is one of the Latin American countries with the best commercial opportunities. If you want to take advantage of all the opportunities it offers on international trade matters, keep on reading about the legal requirements you have to comply with to import or export in Mexico.
Requirements to import
To start importing from Mexico you must be registered in the Importer’s Registry, the Specific Sectors Importers Registry, or have an intermediary that is registered in one of these two. Any importer must also be registered in the Federal Taxpayers Registry (RFC) and have the services of a customs broker in order to import.
In addition to the above, it is necessary for the company or person who wants to import to have the proper documentation such as a certificate of origin to prove that the merchandise comes from a certain place; a commercial invoice to validate the supplier’s actual prices.
It is also important to consider the taxes and duties that have to be declared depending on each country and type of merchandise. For this, it is better to consult an international trade expert so he or she can keep a record of all the taxes you will need to pay. This will also help you to consider the costs of transportation of the goods.
Requirements for exporting
As with the import process, exporting requires specific requirements and documents for the country to keep a record of the goods entering and leaving its territory. Some of the documents exporters need are the bill of lading or transport document, the certificate of origin, the packing list, the order given, a pediment, the commercial invoice, and documents of tariff regulations and restrictions.
Understanding the complexity of the Mexican economy is indispensable to comply with the legal requirements, which are essential for the export and import to be carried out properly. To avoid problems with the necessary documents, you can hire the advice of an expert in foreign trade. Below, we talk about a service that can help you comply with the documents and requirements necessary to execute the commercialization of your products.
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Opening the doors to Latin America is a big step for e-commerce. To help you in the process is Xborder, an international trade solutions provider with more than 10 years of experience.
Xborder offers a series of services that give all the necessary tools to your e-commerce to cross borders. The services offered by Xborder range from import and export logistics, legal procedures, customer service, and technological tools that improve the quality of your online store.
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