Article 2 of the Mexican Foreign Investment Law

Article 2 of the Mexican Foreign Investment Law

For the purposes of this Law, the following definitions shall apply:

1. Commission: the National Foreign Investment Commission;
2. Foreign Investment:
   1. The participation of foreign investors, in any proportion, in the capital stock of Mexican companies;
   2. That carried out by Mexican companies with a majority of foreign capital; and
   3. The participation of foreign investors in the activities and acts contemplated by this Law.
3. Foreign investor: an individual or legal entity of a nationality other than Mexican and foreign entities without legal personality;
4. Registry: the National Registry of Foreign Investments;
5. Secretariat: the Secretariat of Economy;
   Section V amended by the Decree by which several Federal Laws are amended, in order to update all those articles that make reference to the Secretaries of State whose names were modified and to the Government of the Federal District as applicable; as well as to eliminate the mention of the administrative departments that are no longer in force, published in the Official Gazette of the Federation on April 9, 2012.
6. Restricted Zone: The strip of the national territory of one hundred kilometers along the borders and fifty kilometers along the beaches, referred to in Section I of Article 27 of the Political Constitution of the United Mexican States; and
7. Foreigners Exclusion Clause: The express agreement or pact that forms an integral part of the bylaws, whereby it is established that the companies in question will not directly or indirectly admit as partners or shareholders foreign investors, or companies with a foreigners admission clause.