Opening a business in Mexico
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Mexico is a dynamic jurisdiction in Latin America, offering a strategic gateway to both North and South American markets. Companies registered in Mexico benefit from favorable trade conditions, a growing consumer market, and opportunities in sectors like petroleum, automotive, and e-commerce.
WHAT ARE THE MAIN REQUIREMENTS TO REGISTER A COMPANY IN MEXICO?
DIRECTOR/NOMINEE DIRECTOR
It is necessary to appoint a legal representative who is authorised to act on behalf of the company in Mexico. This individual must be a resident of Mexico and can be either a Mexican citizen or a foreigner with legal residency status. The legal representative will be responsible for handling legal matters and signing official documents on behalf of the company.
CORPORATE BANK ACCOUNT
Establishing a corporate bank account in Mexico is necessary to manage financial transactions. The legal representative can facilitate this process. The bank will require the Constitutive Act, RFC, and identification documents of the legal representative and shareholders.
LEGAL ADDRESS
All companies in Mexico are required to have a registered office address within the country. This address must be a physical location (not a P.O. box) where the company can receive official communications, legal documents, and where corporate records are kept. The registered office address is specified in the company’s Constitutive Act (Articles of Incorporation) and is registered with the Public Registry of Commerce
6 STEPS TO START A COMPANY
COMPANY NAME APPROVAL
We will help you select a unique name for your company and submit it to the Mexican Ministry of Economy (Secretaría de Economía) for approval. Providing us with 4-5 potential names increases the likelihood of acceptance.
DRAFTING AND REGISTERING THE ARTICLES OF INCORPORATION
Our team will prepare your company’s Articles of Incorporation and bylaws, known in Mexico as the “Acta Constitutiva.” This essential document includes:
- Company Name and Address
- Details of Owners or Partners
- Purpose of the Company
- Capital Contributions by Each Member
- Management Structure and Responsibilities
- Profit and Loss Distribution Rules
OBTAINING A FISCAL ADDRESS AND TAX ID NUMBER
We will secure a fiscal address in Mexico for your company, which is necessary for all official communications and legal purposes. Subsequently, we will obtain your Tax Identification Number (Registro Federal de Contribuyentes, RFC) from the Tax Administration Service (Servicio de Administración Tributaria, SAT). The RFC enables you to issue invoices, file tax returns, and comply with tax obligations.
OPENING A CORPORATE BANK ACCOUNT
Our team will assist you in opening a corporate bank account in Mexico to manage your financial transactions. We handle all necessary documentation and liaise with the bank to ensure compliance with all requirements.
REGISTRATION WITH THE MEXICAN SOCIAL SECURITY INSTITUTE (IMSS)
If you intend to hire employees, it is required to register your company with the Mexican Social Security Institute (Instituto Mexicano del Seguro Social, IMSS). This process includes:
- Enrollment with the National Workers’ Housing Fund Institute (INFONAVIT)
- Setting up Retirement Savings Accounts (AFORE) for employee
REGISTRATION
We finalize all registration processes, ensuring your company is fully compliant with Mexican laws and regulations. We provide you with all official documentation, certificates, and permits, confirming that your company is legally established and ready to operate in Mexico.
Frequently Asked Questions
Still have a questions?
WHAT TYPES OF BUSINESS ENTITIES CAN FOREIGN INVESTORS ESTABLISH IN MEXICO?
Foreign investors can choose from several business structures, with the most common being:
- Sociedad Anónima (S.A.): A Stock Corporation allowing shareholders’ liability limited to their capital contributions.
- Sociedad de Responsabilidad Limitada (S. de R.L.): A Limited Liability Company suitable for smaller businesses with fewer shareholders.
Both entities permit 100% foreign ownership and offer limited liability protection.
IS A LEGAL REPRESENTATIVE REQUIRED TO REGISTER A COMPANY IN MEXICO?
Yes, appointing a legal representative who is a resident of Mexico is mandatory. The representative can be a Mexican citizen or a foreigner with legal residency status. They are authorized to act on behalf of the company, sign official documents, and handle legal and administrative matters within Mexico.
DO I NEED A PHYSICAL OFFICE ADDRESS IN MEXICO FOR MY COMPANY?
Yes, a physical registered office address in Mexico is required for company registration. This address serves as the company’s official domicile for legal and tax purposes and must be a tangible location where official communications and legal documents can be received.
ARE THERE RESTRICTIONS ON FOREIGN OWNERSHIP IN CERTAIN INDUSTRIES?
While Mexico generally allows 100% foreign ownership, some sectors have restrictions or require special authorization, including:
- Energy and Petroleum
- Telecommunications
- Transportation
HOW LONG DOES THE COMPANY REGISTRATION PROCESS TAKE IN MEXICO?
The registration process typically takes 2 to 6 months.
OUR SERVICES INCLUDE
PREPARATION AND SUBMISSION OF FINANCIAL STATEMENTS
We assist in preparing and submitting your company’s financial statements to the Public Registry of Commerce (Registro Público de Comercio), ensuring compliance with Mexican corporate regulations and providing transparency for authorities and stakeholders.
PREPARATION AND SUBMISSION OF VAT AND INFORMATIVE RETURNS
Our team handles the preparation and filing of VAT (Impuesto al Valor Agregado, IVA) and informative returns, ensuring your business meets tax obligations in accordance with the Mexican Tax Administration Service (Servicio de Administración Tributaria, SAT).
PAYROLL SERVICES
We provide payroll management tailored to Mexican labor laws, handling salary calculations, social security contributions (IMSS), and other statutory obligations to ensure compliance and smooth operations.
MAINTAINING ACCOUNTING RECORDS IN ACCORDANCE WITH MEXICAN AND INTERNATIONAL STANDARDS
We maintain your accounting records in compliance with Mexican Generally Accepted Accounting Principles (GAAP) and, where applicable, International Financial Reporting Standards (IFRS), ensuring both local and international alignment.
EFFECTIVE TAX COMPLIANCE AND REPORTING
Our tax compliance services include the preparation and filing of all required tax reports with the SAT, ensuring accurate reporting, penalty avoidance, and an optimized tax strategy aligned with Mexican tax laws.
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