Doing Business in Mexico: A Foreigner’s Guide (2026)

IBOV 170,331 ▼ 2.22% IPSA 10,464 ▲ 1.00% IPC MEX 67,209 ▼ 1.58% MERVAL 3,190,092 ▲ 0.82% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.29 ▼ 0.27% USD/CLP 894.92 ▼ 0.09% USD/COP 3,564 ▼ 0.65% USD/PEN 3.42 ▲ 0.32% USD/ARS 1,437 ▼ 0.14% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▼ 0.13% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.89 ▲ 0.95% BRENT 94.82 ▼ 3.06% WTI 92.76 ▼ 3.40% IRON ORE 161.91 — — COPPER 6.53 ▲ 0.80% GOLD 4,498 ▲ 1.39% SILVER 73.89 ▲ 0.56% SOY 1,126 ▼ 2.47% CORN 423.50 ▼ 1.85% WHEAT 580.50 ▼ 1.15% COFFEE 248.50 ▼ 1.82% SUGAR 14.25 ▲ 0.07% ORANGE JUICE 168.00 ▼ 0.24% COTTON 76.15 ▼ 0.76% COCOA 3,983 ▼ 2.19% BEEF 241.45 ▼ 2.10% CATTLE 351.95 ▲ 2.72% LITHIUM 83.04 ▼ 2.15% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.06 ▼ 2.13% GMEXICO 207.90 ▼ 2.86% FEMSA 210.30 ▼ 0.71% CEMEX 22.30 ▼ 0.67% GFNORTE 179.27 ▼ 0.79% BIMBO 57.26 ▼ 1.92% TELEVISA 9.29 ▲ 2.77% AMX 21.90 ▼ 1.35% GAP 409.35 ▼ 2.18% ASUR 293.43 ▼ 1.13% OMA 217.03 ▼ 1.20% KOF 185.26 ▼ 0.96% GRUMA 293.77 ▼ 0.22% KIMBER 37.81 ▼ 0.74% SQM-B 70,000 ▼ 1.41% COPEC 6,228 ▲ 2.10% BSANTANDER 69.55 ▲ 2.13% FALABELLA 5,551 ▲ 1.85% ENELAM 77.00 ▲ 0.30% CENCOSUD 2,211 ▲ 1.99% CMPC 1,048 ▲ 1.95% BANCO CHILE 167.56 ▲ 2.18% LATAM AIR 22.61 ▲ 1.44% YPF 83,000 ▼ 0.06% GGAL 7,450 ▲ 1.36% PAMPA 5,120 ▲ 0.10% TXAR 683.00 ▲ 0.81% ALUAR 1,019 ▲ 0.39% TGS 9,310 ▲ 1.14% CEPU 2,314 ▲ 0.22% MIRGOR 17,075 ▲ 0.89% COME 47.97 ▲ 0.13% LOMA NEGRA 3,570 ▲ 3.40% BYMA 296.00 ▲ 1.02% TELECOM ARG 4,093 ▲ 0.99% ECOPETROL 15.51 ▼ 0.45% BANCOLOMBIA 73.26 ▲ 1.40% GRUPO AVAL 4.94 ▼ 0.81% CREDICORP 328.69 ▲ 0.39% SOUTHERN COPPER 192.48 ▼ 2.09% BUENAVENTURA 34.53 ▲ 1.96% MERCADOLIBRE 1,664 ▲ 1.56% NUBANK 12.15 ▲ 4.34% XP 15.67 ▲ 0.42% PAGSEGURO 8.93 ▲ 1.77% STONE 10.78 ▲ 1.32% GLOBANT 40.33 ▲ 1.65% TECNOGLASS 42.49 ▲ 0.33% GAP AIRPORT 236.80 ▼ 1.63% ASUR 293.43 ▼ 1.13% OMA AIRPORT 100.40 ▼ 0.77% AMX ADR 25.31 ▼ 0.90% FEMSA ADR 121.61 ▼ 0.16% CEMEX ADR 12.91 ▲ 0.04% PETROBRAS ADR 18.05 ▼ 0.78% VALE ADR 15.80 ▼ 1.65% ITAU ADR 7.69 ▲ 1.25% SANTANDER BR 5.37 ▲ 1.23% AMBEV ADR 3.12 ▼ 0.80% CSN 1.31 ▼ 0.38% GERDAU 4.75 — 0.00% LATAM ADR 50.38 ▲ 1.35% BTC 63,793 ▼ 0.35% ETH 1,776 ▼ 1.99% SOL 69.66 ▼ 2.73% XRP 1.17 ▼ 2.40% BNB 604.80 ▼ 2.47% ADA 0.19 ▼ 5.36% DOGE 0.09 ▼ 2.24% AVAX 7.78 ▼ 3.36% LINK 8.06 ▼ 3.26% DOT 1.06 ▼ 3.76% LTC 46.23 ▼ 1.94% BCH 245.40 ▲ 1.08% TRX 0.33 ▼ 0.89% XLM 0.21 ▼ 0.41% HBAR 0.09 ▲ 0.86% NEAR 2.40 ▼ 14.92% ATOM 1.84 ▼ 1.05% AAVE 72.42 ▼ 2.68% SELIC 14.50% — EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.20 ▲ 1.81% JBS 12.14 ▲ 2.15% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 — 0.00% INTER 5.79 ▼ 0.26% EGX 52,653 ▲ 0.17% USD/ZAR 16.29 ▼ 0.25% USD/NGN 1,358 ▲ 0.06% NIKKEI 67,471 ▼ 1.36% CSI300 4,905 ▼ 0.69% HSI 25,253 ▼ 1.48% NIFTY 23,417 ▲ 0.05% KOSPI 8,639 ▼ 1.84% JCI 5,840 ▼ 1.70% USD/JPY 159.98 ▼ 0.01% USD/CNY 6.7730 ▲ 0.06% DAX 24,923 ▲ 0.51% CAC 8,222 ▲ 0.88% FTSE 10,350 ▲ 0.17% MIB 50,121 ▲ 0.17% IBEX 18,250 ▲ 0.40% STOXX 623.84 ▲ 0.43% EUR/USD 1.1628 ▲ 0.22% GBP/USD 1.3434 ▲ 0.10% SPX 7,570 ▲ 0.21% DJI 51,526 ▲ 1.65% NDX 30,384 ▼ 0.61% RUT 2,932 ▲ 1.34% TSX 35,187 ▲ 1.11% VIX 15.67 ▼ 2.43% USD/CAD 1.3898 ▲ 0.04% US10Y 4.4610 ▼ 0.67% IBOV 170,331 ▼ 2.22% IPSA 10,464 ▲ 1.00% IPC MEX 67,209 ▼ 1.58% MERVAL 3,190,092 ▲ 0.82% COLCAP 2,238.99 ▼ 1.13% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.06 ▼ 0.03% USD/MXN 17.29 ▼ 0.27% USD/CLP 894.92 ▼ 0.09% USD/COP 3,564 ▼ 0.65% USD/PEN 3.42 ▲ 0.32% USD/ARS 1,437 ▼ 0.14% USD/UYU 40.36 ▲ 1.76% USD/PYG 6,037 ▲ 1.68% USD/BOB 6.86 ▲ 1.82% USD/DOP 58.21 ▲ 0.88% USD/CRC 456.90 ▲ 3.01% USD/GTQ 7.62 ▲ 2.22% USD/HNL 26.64 ▲ 0.49% USD/NIO 36.62 ▲ 0.34% USD/VES 558.97 ▼ 0.13% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.64% USD/JMD 157.19 ▲ 0.93% USD/TTD 6.66 ▲ 0.15% EUR/BRL 5.89 ▲ 0.95% BRENT 94.82 ▼ 3.06% WTI 92.76 ▼ 3.40% IRON ORE 161.91 — — COPPER 6.53 ▲ 0.80% GOLD 4,498 ▲ 1.39% SILVER 73.89 ▲ 0.56% SOY 1,126 ▼ 2.47% CORN 423.50 ▼ 1.85% WHEAT 580.50 ▼ 1.15% COFFEE 248.50 ▼ 1.82% SUGAR 14.25 ▲ 0.07% ORANGE JUICE 168.00 ▼ 0.24% COTTON 76.15 ▼ 0.76% COCOA 3,983 ▼ 2.19% BEEF 241.45 ▼ 2.10% CATTLE 351.95 ▲ 2.72% LITHIUM 83.04 ▼ 2.15% PETR4 41.25 ▼ 0.77% VALE3 81.79 ▼ 3.78% ITUB4 38.72 ▼ 2.12% BBDC4 17.37 ▼ 2.14% ABEV3 16.07 ▼ 2.31% BBAS3 19.53 ▼ 1.81% B3SA3 15.52 ▼ 4.67% WEGE3 41.78 ▼ 0.52% PRIO3 62.59 ▲ 0.98% SUZB3 41.22 ▲ 1.95% RENT3 40.44 ▼ 3.32% AZZA3 17.38 ▼ 8.48% CSAN3 3.58 ▼ 7.73% RAIZ4 0.39 ▲ 2.63% PCAR3 1.54 ▼ 1.91% GMAT3 4.20 ▼ 0.24% PSSA3 48.16 ▼ 1.19% CVCB3 1.48 ▼ 3.90% POSI3 3.75 ▼ 7.64% SLCE3 14.98 ▼ 2.03% NATU3 9.80 ▼ 0.61% BRKM5 9.43 ▼ 5.79% RANI3 7.90 ▲ 0.51% CSNA3 6.68 ▼ 6.31% CMIN3 4.50 ▼ 5.86% USIM5 11.46 ▼ 4.82% GGBR4 24.13 ▼ 2.11% ENEV3 24.23 ▼ 4.42% NEOE3 33.80 — 0.00% CPFE3 43.30 ▼ 0.46% CMIG4 10.86 ▼ 1.27% EQTL3 39.81 ▲ 1.89% LREN3 14.64 ▼ 5.67% VIVT3 33.75 ▼ 0.15% RAIL3 13.89 ▼ 2.11% KLABIN 16.76 ▼ 0.89% RAIA DROGASIL 17.51 ▼ 3.26% RDOR3 33.11 ▼ 3.33% HAPV3 11.22 ▼ 8.26% FLRY3 14.70 ▼ 4.11% SMTO3 17.30 ▼ 1.14% UGPA3 24.92 ▼ 3.07% VBBR3 29.48 ▼ 2.16% BBSE3 35.04 ▼ 0.26% BPAC11 50.71 ▼ 4.77% CURY3 29.45 ▼ 6.00% AERI3 2.31 ▼ 1.28% VIVARA 20.50 ▼ 4.21% COMPASS 25.79 ▼ 2.68% VAMOS 2.94 ▼ 1.01% SANB11 26.72 ▼ 2.34% ASAI3 8.79 ▼ 2.87% SBSP3 27.23 ▼ 1.66% WALMEX 51.06 ▼ 2.13% GMEXICO 207.90 ▼ 2.86% FEMSA 210.30 ▼ 0.71% CEMEX 22.30 ▼ 0.67% GFNORTE 179.27 ▼ 0.79% BIMBO 57.26 ▼ 1.92% TELEVISA 9.29 ▲ 2.77% AMX 21.90 ▼ 1.35% GAP 409.35 ▼ 2.18% ASUR 293.43 ▼ 1.13% OMA 217.03 ▼ 1.20% KOF 185.26 ▼ 0.96% GRUMA 293.77 ▼ 0.22% KIMBER 37.81 ▼ 0.74% SQM-B 70,000 ▼ 1.41% COPEC 6,228 ▲ 2.10% BSANTANDER 69.55 ▲ 2.13% FALABELLA 5,551 ▲ 1.85% ENELAM 77.00 ▲ 0.30% CENCOSUD 2,211 ▲ 1.99% CMPC 1,048 ▲ 1.95% BANCO CHILE 167.56 ▲ 2.18% LATAM AIR 22.61 ▲ 1.44% YPF 83,000 ▼ 0.06% GGAL 7,450 ▲ 1.36% PAMPA 5,120 ▲ 0.10% TXAR 683.00 ▲ 0.81% ALUAR 1,019 ▲ 0.39% TGS 9,310 ▲ 1.14% CEPU 2,314 ▲ 0.22% MIRGOR 17,075 ▲ 0.89% COME 47.97 ▲ 0.13% LOMA NEGRA 3,570 ▲ 3.40% BYMA 296.00 ▲ 1.02% TELECOM ARG 4,093 ▲ 0.99% ECOPETROL 15.51 ▼ 0.45% BANCOLOMBIA 73.26 ▲ 1.40% GRUPO AVAL 4.94 ▼ 0.81% CREDICORP 328.69 ▲ 0.39% SOUTHERN COPPER 192.48 ▼ 2.09% BUENAVENTURA 34.53 ▲ 1.96% MERCADOLIBRE 1,664 ▲ 1.56% NUBANK 12.15 ▲ 4.34% XP 15.67 ▲ 0.42% PAGSEGURO 8.93 ▲ 1.77% STONE 10.78 ▲ 1.32% GLOBANT 40.33 ▲ 1.65% TECNOGLASS 42.49 ▲ 0.33% GAP AIRPORT 236.80 ▼ 1.63% ASUR 293.43 ▼ 1.13% OMA AIRPORT 100.40 ▼ 0.77% AMX ADR 25.31 ▼ 0.90% FEMSA ADR 121.61 ▼ 0.16% CEMEX ADR 12.91 ▲ 0.04% PETROBRAS ADR 18.05 ▼ 0.78% VALE ADR 15.80 ▼ 1.65% ITAU ADR 7.69 ▲ 1.25% SANTANDER BR 5.37 ▲ 1.23% AMBEV ADR 3.12 ▼ 0.80% CSN 1.31 ▼ 0.38% GERDAU 4.75 — 0.00% LATAM ADR 50.38 ▲ 1.35% BTC 63,793 ▼ 0.35% ETH 1,776 ▼ 1.99% SOL 69.66 ▼ 2.73% XRP 1.17 ▼ 2.40% BNB 604.80 ▼ 2.47% ADA 0.19 ▼ 5.36% DOGE 0.09 ▼ 2.24% AVAX 7.78 ▼ 3.36% LINK 8.06 ▼ 3.26% DOT 1.06 ▼ 3.76% LTC 46.23 ▼ 1.94% BCH 245.40 ▲ 1.08% TRX 0.33 ▼ 0.89% XLM 0.21 ▼ 0.41% HBAR 0.09 ▲ 0.86% NEAR 2.40 ▼ 14.92% ATOM 1.84 ▼ 1.05% AAVE 72.42 ▼ 2.68% SELIC 14.50% — EMBRAER 69.67 ▼ 3.17% EMBRAER ADR 56.20 ▲ 1.81% JBS 12.14 ▲ 2.15% JBS BDR 59.90 ▼ 1.17% MBRF3 15.78 ▼ 0.44% MBRFY 3.06 — 0.00% INTER 5.79 ▼ 0.26% EGX 52,653 ▲ 0.17% USD/ZAR 16.29 ▼ 0.25% USD/NGN 1,358 ▲ 0.06% NIKKEI 67,471 ▼ 1.36% CSI300 4,905 ▼ 0.69% HSI 25,253 ▼ 1.48% NIFTY 23,417 ▲ 0.05% KOSPI 8,639 ▼ 1.84% JCI 5,840 ▼ 1.70% USD/JPY 159.98 ▼ 0.01% USD/CNY 6.7730 ▲ 0.06% DAX 24,923 ▲ 0.51% CAC 8,222 ▲ 0.88% FTSE 10,350 ▲ 0.17% MIB 50,121 ▲ 0.17% IBEX 18,250 ▲ 0.40% STOXX 623.84 ▲ 0.43% EUR/USD 1.1628 ▲ 0.22% GBP/USD 1.3434 ▲ 0.10% SPX 7,570 ▲ 0.21% DJI 51,526 ▲ 1.65% NDX 30,384 ▼ 0.61% RUT 2,932 ▲ 1.34% TSX 35,187 ▲ 1.11% VIX 15.67 ▼ 2.43% USD/CAD 1.3898 ▲ 0.04% US10Y 4.4610 ▼ 0.67%