Global Treasury intelligence
For the Latin American region, Mexico stands out as being unusually easy to operate in: there are no exchange controls, pooling is allowed, accounts can be operated from offshore, hedging is easy. So it works….however, nothing is perfect. This report explores issues related to banking in light if Citi’s exit, and opening bank accounts, maquiladore structures, tax issues and FX.
The report is based on a call chaired by Damian Glendinning whose summary appears below.
This report was compiled by Monie Lindsey is available in our Report Library.
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Chair’s comment:
For the Latin American region, Mexico stands out as being unusually easy to operate in: there are no exchange controls, pooling is allowed, accounts can be operated from offshore, hedging is easy. So it works.
Of course, nothing is perfect:
Bottom line: Mexico is the easiest country in the region to work in. But it still has some of the complexities you expect in Latin America!