As a reminder, employers registered with the National Immigration Institute (INM) must submit updated annual tax returns to the INM every year to renew their Corporate Registration Certificate. Employers that fail to renew their Corporate Registration Certificate by April 30, 2024, may be unable to continue sponsoring foreign nationals for initial or renewed temporary residence visas. Along with filing mandatory annual tax returns (which companies must submit to the tax administration service – SAT – by March 31, 2024), employers should also notify the INM of any changes in their legal representatives, registered address, branches, legal name, tax identification number or corporate purpose, if applicable, to keep their corporate file up to date. Companies that have a REPSE certificate must also submit it to the INM to update their registration file if they have not done so. A REPSE certificate must be renewed every three years. It currently takes the INM approximately one to eight weeks (depending on the INM branch) to process a corporate registration update application, during which time the INM may conduct an unannounced site visit to confirm a company’s existence and operation.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen or send an email to [email protected].
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