Open Your Company in Mexico as a Foreigner.
With our experience and specialized legal team, we can help you establish your Company in one of the most vibrant and culturally diverse countries.
Get the full Guide on how to Open Your Business in Mexico
Mexico is a country with a rich history and culture that provides a wide range of attractions for foreigners, both for living and for doing business. It offers a vibrant and diverse culture, delicious cuisine, lush nature, a relatively low cost of living, and a friendly and hospitable population that makes visitors reluctant to leave.
In terms of business, Mexico is a growing economy with a potential market of over 128 million customers and trade agreements with 50 countries. It boasts a young and educated workforce, well-developed transportation and communication infrastructure, and offers a wide range of fiscal and investment incentives for foreign companies.
Mexico a growing economy and vibrant lifestyle with millions of business opportunities.
To establish your company in Mexico, here is a step-by-step guide based on the information you provided:
1. Entity layout.
Determine the type of economic society that best suits your needs (public limited company, limited liability company, etc.)
2. Draft By-Laws.
Prepare the company by-laws, which should include detailed information about shareholders, the corporate purpose, the duration of the company, management, among other aspects.
3. Obtain Notary Public seal.
Once approved, By-Laws must be signed and notarized by obtaining the signature and seal of a Notary Public.
4. Obtain your Tax ID.
Initiate the process of registering the society with the Servicio de Administración Tributaria to obtain your local Tax ID (RFC).
5. Register Your Trademark with IMPI.
If necessary, register your trademark with the Mexican Institute of Industrial Property (IMPI) to protect your brand.
6. Enroll the Company with the Public Registry of Commerce.
Formally register the company with the Public Registry of Commerce to obtain its public entity number.
7. Appoint an Administrator or Legal Representative.
Select the person who will act as the administrator or legal representative of the company. This individual will handle various responsibilities related to the management of the company and will comply with established legal requirements.
It is important to note that this is a general overview, and there may be additional requirements depending on the type of company and the specific location in Mexico where you are establishing your business. It is advisable to seek legal and accounting advice to ensure compliance with all procedures and requirements properly.
Requirements to open a company in Mexico.
Mexico’s requirements to open a business in Mexico have 2 aspects: taxes and employment.
Tax requirements
- Register with the Federal Taxpayers Registry (RFC) to obtain a tax identification number.
- Register and maintain the company’s accounting records.
- Timely filing of the corresponding tax statements.
Employment requirements
- Employer registration and employee enrollment with the Mexican Social Security Institute (IMSS).
- Payment of social security taxes to IMSS.
- Use an individual employment contract that outlines each worker’s employment terms.
Download the full Guide on how to Open Your Business in Mexico.
All the necessary information and steps to follow for a successful venture in the country in one guide.
Get ready to take the first step towards business success in Mexico!
At NUEVE60, we accompany our clients and allies in materializing their projects through advice on the establishment, opening, and management of your company in Mexico.
Todos los derechos reservados NUEVE60 ® 2024 | Aviso de Privacidad