Article 7 of the Mexican Foreign Investment Law

In the economic activities and companies mentioned below, foreign investment may participate in the following percentages:

Up to 10% in: Production cooperative societies;
[Section II repealed by the Decree by which a subsection y) is added to section III of article 7o. and section II of article 7o. of the Foreign Investment Law is repealed, published in the Official Gazette of the Federation on June 26, 2017.]
Up to 49% in:
1. [Section repealed DOF 19-01-1999.]
2. [Subsection repealed DOF 19-01-1999.]
3. [Subsection repealed DOF 19-01-1999.]
4. [Subsection repealed DOF 19-01-1999.]
5. [Subsection repealed by the Decree by which various provisions in financial matters are amended, added and repealed and the Law to Regulate Financial Groupings is issued, published in the Official Gazette of the Federation on January 10, 2014.]
6. [Subsection repealed by the Decree amending, adding and repealing several provisions on financial matters and enacting the Law to Regulate Financial Groupings, published in the Official Gazette of the Federation on January 10, 2014.]
7. [Subsection repealed by the Decree amending, adding and repealing several provisions on financial matters and issuing the Law to Regulate Financial Groupings, published in the Official Gazette of the Federation on January 10, 2014.]
8. [Subsection repealed by the Decree amending, adding and repealing several provisions on financial matters and issuing the Law to Regulate Financial Groupings, published in the Official Gazette of the Federation on January 10, 2014.]
9. [Subsection repealed by the Decree amending, adding and repealing several provisions in financial matters and issuing the Law to Regulate Financial Groupings , published in the Official Gazette of the Federation on January 10, 2014.]
10. [Section repealed DOF 18-07-2006]
11. [Section repealed DOF 18-07-2006]
12. [Section repealed DOF 10-01-2014]
13. [Section repealed DOF 04-06-2001.
14. [Subsection repealed DOF 04-06-2001.
15. [Subsection repealed by the Decree by which various provisions in financial matters are amended, added and repealed and the Law to Regulate Financial Groupings is issued, published in the Official Gazette of the Federation on January 10, 2014.]
16. Manufacture and commercialization of explosives, firearms, cartridges, ammunition and fireworks, not including the acquisition and use of explosives for industrial and extractive activities, nor the elaboration of explosive mixtures for the consumption of such activities;
17. Printing and publication of newspapers for exclusive circulation in the national territory;
18. Series “T” shares of companies that own agricultural, livestock and forestry lands;
19. Fishing in fresh water, coastal and in the exclusive economic zone, not including aquaculture;
20. Integral port administration;
21. Port services of pilotage to vessels to carry out inland navigation operations under the terms of the Law of the matter;
22. Shipping companies engaged in the commercial operation of vessels for inland navigation and cabotage, with the exception of tourist cruises and the operation of dredges and naval artifacts for the construction, conservation and operation of ports;
23. Supply of fuels and lubricants for vessels and aircraft and railway equipment;
24. Broadcasting. Within this maximum of foreign investment, the reciprocity that exists in the country where the investor or the economic agent that ultimately controls the investor, directly or indirectly, is constituted, will be considered, and
  Subsection (x) amended by the Decree issuing the Federal Law of Telecommunications and Broadcasting, and the Law of the Public Broadcasting System of the Mexican State; and amending, adding and repealing various provisions on telecommunications and broadcasting, published in the evening edition of the Official Gazette of the Federation of July 14, 2014.
25. Regular and non-scheduled domestic air transportation service; non-scheduled international air transportation service in the modality of air cab; and, specialized air transportation service.
  
  Subsection y) added by the Decree by which a subsection y) is added to section III of Article 7, and section II of Article 7 of the Foreign Investment Law is repealed, published in the Official Gazette of the Federation on June 26, 2017.
[Section amended DOF 12-05-1995. Repealed DOF 12-24-1996]

The limits for the participation of foreign investment indicated in this article, may not be exceeded directly, nor through trusts, agreements, social or statutory covenants, pyramid schemes, or any other mechanism that grants control or a participation greater than that established, except as provided in Title Five of this Law.