Mexico: Doing Business In Mexico

Last Updated: 29 June 2015
Article by Resendiz Wong Abogados


This article has been produced to serve as a guide for foreign companies or individuals interested in investing or doing business in or with Mexico. It addresses many of the questions foreign companies and private investors often have in regards to doing business or investing in our jurisdiction. That being said, this guide is not all-inclusive, and will by no means serve as a substitute for professional legal council in Mexico. In order to make the best decisions in your particular case, we recommend the solicitation of proper legal council. An experienced Mexican corporate attorney is able to offer a company professional advice in the following:

  • Determining the corporate and tax structure most appropriate for a proposed venture in Mexico based on its needs, expectations, and area of business.
  • Procuring the proper immigration documentation, as well as the necessary Federal and State licensing.
  • Fulfilling the necessary Federal and State registrations.
  • Advising the company on the requisite bookkeeping which must be followed.
  • Advising the company on various labor law issues.

Attorneys licensed to practice law in Mexico are permitted to do so in any and all 32 states of the Republic, hence location is not nearly as important for your consideration as experience and reputation.


A. Corporate:

When considering expanding business operations into Mexico, many companies and individual investors often ask the same questions, some of the most common are: "How complicated is it to enter the Mexican market?"; "What different legal vehicles are available?"; "What are the implications of each option?" In the end, the answers to these questions depend entirely upon the size and scope of the proposed operation under consideration.

Each different legal vehicle available to the foreign investor or company represents different implications which need to be thoroughly considered before deciding which option best fits the needs, expectations, and area of business of the proposed venture. The most common methods for entering the Mexican free market are:

  • Representative Office – This represents the most limited way of doing business in Mexico. This form of establishment is enacted by entities which have business contacts in Mexico, but do not have operations of a large enough scale to require a higher level of presence.

    The Foreign Investment Law (FIL) recognizes representative offices, but exempts them from the registration requirements set forth by such statute. Likewise, representative offices are exempted from any invoice tax payment obligations provided they receive no income, with the exception of any withholding obligations on local employees. The foregoing exemptions have a simple reason: representative offices are established to serve as a link between the foreign parent company and potential clients in Mexico. Their operations are restricted to mere promotion of the goods or services provided by the principle office, thus, they cannot make any direct sale nor receive any income from a Mexican source.
  • Branch Office – Through the establishment of a branch office, foreign companies are permitted to engage in business activities in Mexico without being required to incorporate a Mexican subsidiary. However, foreign companies will retain their liability characteristics from abroad, a risk which should be thoroughly discussed with your corporate attorney in Mexico before deciding on this corporate structure.

    In order for a foreign company to be permitted to establish a branch office in Mexico, it must secure authorization to register in the Public Registry of Commerce from The National Commission of Foreign Investments, the Ministry of Foreign Relations, and the Ministry of Economy. Upon securing authorization and then registering with the Public Registry of Commerce, the foreign company will then be permitted to conduct business operations in Mexico. Profits accrued by the branch office will be taxed the same as a permanent establishment in Mexico, and will pay taxes on the income generated from such branch offices at the normal corporate income tax rate of 27%, unless the company is headquartered in a country which Mexico has executed Treaties for the Avoidance of Double Taxation, such as the United States, Canada and France. In such a case, the company will only be taxed on income resulting from the operations of the Mexican branch office.
  • Partnership Venture (Joint Venture) – Foreign investors that require creating a commercial establishment through this legal vehicle may only do so through a branch office or Mexican subsidiary of their company. A partnership venture is defined by the General Law of Business Organizations ("Ley General de Sociedades Mercantiles" also known by its acronym "GLCC") as a contractual agreement between one managing associate and two or more silent partners for the rendering of one or more transactions. By principle, under such an agreement the managing associate receives the contributions from the silent partners. Unless explicitly stated otherwise, the partners will transfer title of their contributions to the associate, who operates under his own name and is the person liable for his acts before third parties. There is no legal relationship between third parties and the silent partners, who are only responsible for the amount of their individual contributions. The contract of the venture should provide for the conditions of distribution of profits or losses of the venture.
  • Stock Corporation (S.A. "Sociedad Anonima") – This is the form of organization most commonly used by foreign investors in Mexico. Stock Corporations are governed in Mexico by similar regulations and provisions as they are in the United States and other countries, in that:

    1. their administration is entrusted to a Board of Directors;
    2. they have a capital stock divided into shares and their stockholders are liable only to the extent of their contributions;
    3. their shares represent equal value, will confer equal rights, and are freely transferable;
    4. the shares are divided and presented as titles, (registered bonds), which transmit rights, conditions, etc. of stockholders;
    5. the Shareholder's Meeting is the ultimate source of corporate power;
    6. each share bestows the right to one vote in the decisions made by the assembly; and
    7. the corporation's constitution shall be a public document.
    Furthermore, in accordance to Mexican law, a stock corporation must be formed by at least two (2) partners and have a minimum capital investment of $50,000 pesos. One share of stock must be purchased by each partner. In Mexico, the incorporation of the company will be carried out by a notary public.
  • Limited Liability Company (S. de R.L.) – The Limited Liability Company creates a company of limited responsibility similar to a S.A., whereas the liability of the stockholders is limited to the amount contributed. However, unlike a S.A., the number of shareholders is limited to fifty persons (50). A S. de R.L. organization requires a minimum capital investment of $3,000 pesos, which is divided into "participation units", as opposed to stocks in a S.A. The partners are only liable for this initial capital investment. There are no restrictions in the changing of associates, as long as the associates that represent the majority of the capital agree, unless otherwise specified by the by-law.


A. Taxes:

  • Corporate Tax – The Corporate Tax rate in Mexico is assessable at a maximum rate of 27% of a company's profits, which must be paid annually to the Mexican Tax Authorities. The profits to be taxed may first be calculated against various deductions of expenses to come to the accruable gross income.

    In most cases, a company's income is considered accruable when the following occurs:

    1. invoices are issued;
    2. a portion or the total of the charge or fee is collected; or
    3. goods are delivered or services rendered to or on behalf of the buyer.
    Corporate taxes are paid on an annual basis in monthly installments. The provisional monthly payments will be credited against the annual Income Tax Return.
  • Tax on Assets – A Federal tax on company assets established at a rate of 1.8%, shall be applied to certain current assets as well as fixed assets of Mexican companies, as well as foreign assets located within Mexico which are being improved for export from Mexico. In such cases, Maquiladoras are exempted from paying taxes on assets which are used to obtain profit.

    In any fiscal year where the amount of income taxes paid out by a company exceeds the amount paid out on asset tax by that company, such taxpaying entity will be excused from the payment of the asset tax. In such a case, a company which has exceeded the amount of taxes owed, they may request a refund equal to the amount of taxes which were overpaid anytime over the course of the last ten (10) fiscal years.
  • Value Added Tax – The value-added tax (VAT) is assessable at a rate of 15% applied to the value of the goods or services in question, except in border zones, in which a 10% VAT most normally applies. A VAT will be obliged of the buyer when the company from which it is purchasing goods or services from performs any of the following:

    1. the leasing of goods;
    2. the providing of temporal use of goods;
    3. the rendering of independent services; or
    4. the importing of goods or services.
    The VAT is charged to the purchaser of the goods or services, not to the company. For this reason, the VAT must be stated separately within the invoice for the goods or services. In short, the company must pay the tax authorities the difference of the VAT it has transferred to its client or paid on the importation of goods or services from the VAT the company had paid to third parties during the course of business.

    In the case the company will be re-exporting the goods to somewhere outside of Mexico, and that the goods or services shall be used outside of Mexico, the VAT shall be 0%. The same shall hold true for all food products.
  • Capital Gains

    • Securities – Gains from the sale of securities of Mexican companies are taxed at a flat rate of 20% of the gross proceeds of the sale. Non-residents, however, may elect to pay tax at the rate of 25% on the net taxable gain realized, provided that the non-resident has a legal representative in Mexico, who will calculate and pay the corresponding tax to the tax authorities. If the seller is a resident of a low-tax jurisdiction (tax haven), such seller can only apply the 25% rate.
    • Real Estate – In determining the taxable gain, the cost basis of sales of land and buildings may be adjusted for tax purposes on the basis of the time the assets have been held by applying inflation adjustment factors annually to the net unappreciated balance. Similar rules apply to nonresidents electing to be taxed on net income at 40% through a previously appointed representative. Otherwise, a 20% withholding tax on gross applies.
    • Machinery and Equipment - Gains or losses from the disposition of machinery, equipment and other fixed assets are also calculated after applying inflation adjustment factors to the net unappreciated balance.
  • Special Tax on Production and Services – The following activities are subject to the STPS: Alienation within the Mexican Territory or the importation to Mexico of the following goods or the rendering of the following services: (i) certain alcoholic beverages; (ii) tobacco, cigarettes and cigars; (iii) fuel and natural gas (exception on vehicular use); and (iv) sweeteners other than sugar, soft drinks, sodas, etc. (technical rules apply for exceptions).
  • Payroll Tax – Companies shall be subject to local state payroll tax, the rate of which shall depend on the location of the facility in question. The Federal Government also requires corporations to make social security and other labor related contributions which can amount to up to 33% of the payroll. Such contributions are as follows:

    • Social Security Contributions – Social Security contributions must be withheld and paid by an employer and remitted to the Mexican Institute for Social Security every month. Three are three separate types of Social Security contributions, each of which will be based on a percentage of the employees' wages. The following rates are applicable: (i) invalidity – 2.80% by the employer and 3.125% by the employee; (ii) sickness and maternity – approximately 8.75% by the employer and 1% by the employee; and (iii) retirement fund, old age, severance pay – 5.150% by the employer and 1.125% by the employee.
    • Housing – In addition to the contributions required by the Social Security Law, the Labor Law establishes that employers must contribute to the National Worker's Housing Institute an amount equal to 5% of the employees' wages.
    • Premium for Occupational Risks – The employer must also pay a premium for each employee which is based on a percentage of the employee's salary and varies according to the risk level of the particular job. Such percentages vary from 0.54% for administrative type employees to 7.5% for employees engaged in heavy industry.
    * Payroll taxes are deductible for income tax purposes.
  • Taxation of Foreigners – Mexico's tax treatment of income earned by foreigners is similar to that of the U.S. and other industrialized nations.

    Mexico has negotiated international trade agreements with a number of its major trading partners, such as Canada and the U.S. These agreements have two basic objectives: (i) to ensure that each participating nation allows tax credits for income taxes paid to the other participating nation to avoid double taxation; and (ii) to reduce the taxes that each participating nation may impose on the nationals of the other (i.e., taxes on income from interest on loans, dividends, and royalties).
  • Lease of Real or Personal Property – Non-residents' income derived from the lease of real or personal property is taxed at a flat rate of 25% without deductions, except for the lease of airplanes, ships, railroad cars and containers used for commercial transportation, which is taxed at 5%.
  • Joint Liability of Withholder – Any company resident in Mexico or a permanent establishment in Mexico must comply with the withholding and payment of taxes on behalf of third parties. If such taxes are not withheld and paid to the Tax Authorities, aside from imposing surcharges and penalties on the company, the latter is not authorized to deduct them as expenses for Income Tax purposes.
  • U.S.-Mexico Income Tax Treaty – The U.S.-Mexico Tax Treaty reduces the taxation of investment between the two countries. The Treaty includes provisions designed to prevent double taxation and to reduce each country's tax rates on various levels and types of income earned by nonresidents. The Treaty applies only to income taxes and does not cover sales taxes (i.e., the Mexican Value-Added Tax), social security taxes, etc. The following is a summary of the key provisions of the Treaty.

    • Residence/Permanent Establishment – The U.S.-Mexico Tax Treaty provides extensive definitions of the terms "residence" and "permanent establishment" to clarify each country's rules and regulations for the taxation of nonresidents (mentioned above).
    • Royalties – The U.S.-Mexico Tax Treaty has lowered Mexico's withholding tax on royalties to a flat rate of 10%.
    • Dividends – The Treaty has also lowered the US withholding tax (equivalent to the ITL) on dividends paid by US companies to Mexican residents to 5% or 10% depending on the interest in the company.
    • Related Parties – In order to avoid tax evasion through transactions between related parties (e.g. a U.S. parent corporation with a Mexican subsidiary), the Treaty authorizes the Contracting States to tax such enterprises on any profits that would have been obtained if the transaction were conducted between non-related parties in an arm's length transaction.
    • Asset Tax – Although the U.S.-Mexico Tax Treaty does not apply to the Mexican Asset Tax, it assures that U.S. companies will not lose the benefits of the Treaty through application of the Asset Tax. Mexico will apply the Asset Tax to U.S. companies only on income from royalties, real estate, or a permanent establishment in Mexico. In those cases, Mexico will grant a tax credit to compensate for any benefits lost from the Treaty.
    • Charitable Organizations – Mexico and the U.S. have agreed not to tax religious, scientific, literary, educational, or other charitable organizations that are residents of the other country if such organizations are exempt from taxation in their home country. In addition, both countries will allow the deduction of charitable contributions made to qualifying organizations of the other country.
    • Dispute Resolution – Under the U.S.-Mexico Tax Treaty, residents of the U.S. and Mexico are able to challenge violations of the Treaty through each country's legal system or the Treaty's "Mutual Agreement Procedure", which provides for the consultation between the competent authorities of each country to resolve the dispute. If the competent authorities cannot resolve the dispute, the Treaty provides for binding arbitration upon the consent of both the taxpayer and the government authorities.
    • Other – The Treaty clarifies ambiguities with regard to shipping and air transportation, income from real property, visiting artists and athletes, government employees, students and income from pensions, annuities, alimony and child support.

      The Treaty also contains a special provision which extends the benefits of the Treaty to entities owned by residents of NAFTA Parties, even if the particular entity does not satisfy the Tax Treaty's residency requirements.

      Finally, the Treaty provides for the exchange of information and cooperation between the tax authorities of Mexico and the U.S. for the purpose of preventing tax evasion. These provisions incorporate and expand upon a prior treaty concluded between the U.S. and Mexico for the exchange of tax information (Convention between the U.S. and the United Mexican States for the Exchange of Information with Respect to Taxes, signed on November 9, 1989, effective January 18, 1990, reprinted in "Highlights and Documents," H&D International Tax, November 15, 1989, at 1635).
  • Canada-Mexico Income Tax Treaty – The Canada-Mexico Tax Treaty reduces the taxation of investment income flowing between the two countries. The Treaty includes provisions designed to prevent double taxation and to reduce each country's tax rates on various types of income earned by nonresidents. The Canada-Mexico Tax Treaty is virtually identical to the U.S.-Mexico Tax Treaty, except for the following variances:

    • Interest – Canada and Mexico have agreed that the highest tax rate on interest income earned by non-residents will be 15%. Under the U.S.-Mexico Tax Treaty, the tax rates are 4.9%, 10% and 15% depending on the type of loan.

      However, according to the Most-Favored-Nation Provision of the Canada-Mexico Tax Treaty, if either country includes a lower tax rate on interest in a tax treaty concluded with another country, that tax rate will apply to the Canada-Mexico Tax Treaty, but under no circumstances shall the rate be lower than 10%. Consequently, upon ratification of the U.S.-Mexico Tax Treaty, the same tax rates on interest applied between Canada and Mexico, except that 10% will be the lowest tax rate—versus 4.9% (see Canada-Mexico Tax Treaty, Protoco).
    • Dividends – While the U.S.-Mexico Tax Treaty reduces U.S. taxes on dividends to a rate of 5% or 10% (see above), the rate between Canada and Mexico will be 10% or 15%.
    • Royalties – The Canada-Mexico Tax Treaty's maximum tax rate for royalties earned by foreign residents is 15%. The U.S.-Mexico Tax Treaty applies a maximum 10% rate. Therefore, in compliance with the Protocol described in the preceding paragraph, the maximum 10% rate will also apply to royalties between Canada and Mexico.
    • Dispute Settlement – The "Mutual Agreement Procedure" of the Canada-Mexico Treaty is identical to that of the U.S.-Mexico tax Treaty, except that Canada and Mexico did not provide for binding arbitration.
    • Other – In addition to the foregoing differences, the U.S.-Mexico Tax Treaty has a series of provisions that are not included in the Canada-Mexico Tax Treaty, such as rules regarding the taxation of branches, alimony and child support, and exempt organizations.

B. Tax Deductions:

  • Depreciation and Depletion – Straight-line depreciation does so at rates specified by law, which are based on the estimated time period of utility for various types of assets. These rates may be increased by the application of the percentage increases in the NCPI since the month of acquisition of the asset. When an asset becomes inutile and is disposed of, the remaining depreciative historical cost may also be deducted after application of the appropriate adjustment factor.

    Mining exploration and development expenses incurred prior to operations and the cost of mining claims may be deducted at 10% per year after applying the adjustment factors unless the taxpayer properly elects to deduct these costs as incurred.
  • Net Operating Losses – Subject to limitations, losses incurred by business enterprises in one year may be carried forward and deducted from the income of the ten subsequent years.

    Losses carried over may be increased by the percentage increase in the NCPI between the seventh and twelfth months of the fiscal year in which they were incurred, thereafter up to December 31 of the year prior to that in which they are applied, and thereafter up to the sixth month of the fiscal year in which they are applied
  • Payments to Foreign Affiliates – Payments of a pro rata portion of expenses of nonresidents (i.e. allocations) are not deductible by Mexican corporations. Additionally, authorized deductions and taxable income must be determined on the standard of the prices agreed to with independent parties in comparable transactions. For this purpose, taxpayers must take care in securing and holding documentation supporting operations with related parties residing abroad, provided that income and deductions were based on market values. Payments made to residents in low-tax jurisdictions are considered to be nondeductible, unless it can be demonstrated that the price of the transaction is the same as if it had been made between or among unrelated parties in comparable operations.

    Unless the contrary is demonstrated, it is assumed that operations with companies, entities or trusts resident in low-tax jurisdictions are carried out between or among related parties, and that prices are not set as they would be in comparable operations between or among independent parties.

    Payments of technical assistance fees and for transfers of technology or royalties must be made directly to companies having the required technical capabilities and be for services actually received in order to be deductible by the tax payer.
  • Taxes – In general, all federal, state and local taxes levied on the company (not including those required to be held from others) represent deductible expenses, with the following exceptions.

    • Federal Income Tax
    • Federal Minimum Tax on Assets
    • Federal Value-added Tax and Federal Production and Services Excise Tax when the company has the right to credit tax against the same tax on its own income.
    • Taxes on acquisitions of fixed assets, which must be capitalized and deducted as part of the total cost of such assets.
  • Group Taxation – The Income Tax Law contains a chapter that allows certain holding companies to file a consolidated income tax return for themselves and their majority-owned subsidiaries in addition to the normal income tax returns that each subsidiary company must file separately.

C. Tax Incentives:

  • Inward Investment – Tax incentives available for inward investment are as follows:

    • Tax Credit for Investment Purposes - A tax credit of up 20 % of the amount of investment in technological research and development which pertains to business activity and exceeds the amounts invested in previous years. Certain requirements must be met.
    • Duty-Free Imports – Exemption from duties, under specific conditions and programs, is also authorized for equipment and merchandise to be re-exported or for materials for the production of exports. Duty-free imports are widely used by manufacturers and the labor-intensive in-bond processing companies, many of which have are located just south of the U.S. border but which can also operate further into the interior where labor costs are lower. These companies may be 100% foreign-owned.
  • Capital Investment – There are no specific tax incentives for capital investment. However, investing through equity instead of debt reduces or eliminates the inclusion in income of inflationary gain.

To read this article in full, please click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Similar Articles
Relevancy Powered by MondaqAI
Basham, Ringe y Correa, S.C.
Von Wobeser & Sierra, S.C.
Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Related Topics
Similar Articles
Relevancy Powered by MondaqAI
Basham, Ringe y Correa, S.C.
Von Wobeser & Sierra, S.C.
Related Articles
Up-coming Events Search
Font Size:
Mondaq on Twitter
Mondaq Free Registration
Gain access to Mondaq global archive of over 375,000 articles covering 200 countries with a personalised News Alert and automatic login on this device.
Mondaq News Alert (some suggested topics and region)
Select Topics
Registration (please scroll down to set your data preferences)

Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice):

  • To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
  • To enable features such as password reminder, news alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our content providers ("Contributors") who contribute Content for free for your use.

Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below.

Mondaq has a "free to view" business model. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

Details of each Contributor to which your personal data will be transferred is clearly stated within the Content that you access. For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice.

Please indicate your preference below:

Yes, I am happy to support Mondaq in maintaining its free to view business model by agreeing to allow Mondaq to share my personal data with Contributors whose Content I access
No, I do not want Mondaq to share my personal data with Contributors

Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq:

Yes, I am happy to received promotional communications from Mondaq
No, please do not send me promotional communications from Mondaq
Terms & Conditions (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Your use of the Website and/or Services constitutes your agreement to the Terms. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.

Use of

To Use you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.

You may use the Website as an unregistered user, however, you are required to register as a user if you wish to read the full text of the Content or to receive the Services.

You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. You may not use electronic or other means to extract details or information from the Content. Nor shall you extract information about users or Contributors in order to offer them any services or products.

In your use of the Website and/or Services you shall: comply with all applicable laws, regulations, directives and legislations which apply to your Use of the Website and/or Services in whatever country you are physically located including without limitation any and all consumer law, export control laws and regulations; provide to us true, correct and accurate information and promptly inform us in the event that any information that you have provided to us changes or becomes inaccurate; notify Mondaq immediately of any circumstances where you have reason to believe that any Intellectual Property Rights or any other rights of any third party may have been infringed; co-operate with reasonable security or other checks or requests for information made by Mondaq from time to time; and at all times be fully liable for the breach of any of these Terms by a third party using your login details to access the Website and/or Services

however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content.

Mondaq reserves the right, in its sole discretion, to take any action that it deems necessary and appropriate in the event it considers that there is a breach or threatened breach of the Terms.

Mondaq’s Rights and Obligations

Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors.

Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.

Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.


The Content is general information only. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. Mondaq and/or its Contributors and other suppliers make no representations about the suitability of the information contained in the Content for any purpose. All Content provided "as is" without warranty of any kind. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. To the maximum extent permitted by law, Mondaq expressly excludes all representations, warranties, obligations, and liabilities arising out of or in connection with all Content. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.


Mondaq may alter or amend these Terms by amending them on the Website. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms.

These Terms shall be governed by and construed in accordance with the laws of England and Wales and you irrevocably submit to the exclusive jurisdiction of the courts of England and Wales to settle any dispute which may arise out of or in connection with these Terms. If you live outside the United Kingdom, English law shall apply only to the extent that English law shall not deprive you of any legal protection accorded in accordance with the law of the place where you are habitually resident ("Local Law"). In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website.

No delay in exercising or non-exercise by you and/or Mondaq of any of its rights under or in connection with these Terms shall operate as a waiver or release of each of your or Mondaq’s right. Rather, any such waiver or release must be specifically granted in writing signed by the party granting it.

If any part of these Terms is held unenforceable, that part shall be enforced to the maximum extent permissible so as to give effect to the intent of the parties, and the Terms shall continue in full force and effect.

Mondaq shall not incur any liability to you on account of any loss or damage resulting from any delay or failure to perform all or any part of these Terms if such delay or failure is caused, in whole or in part, by events, occurrences, or causes beyond the control of Mondaq. Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions.

By clicking Register you state you have read and agree to our Terms and Conditions