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Incorporate Company In Mexico – The Basics And The Details

Incorporate Company In MexicoMexico is a country situated in North America, between the US and Central America. Its strategic position has made it one of the best countries for foreign investors to start a company. If you want to incorporate company in Mexico, it can prove very beneficial to an investor, as Mexico has the 15th largest nominal Gross Domestic Product (GDP). The country also has the 11th largest Purchasing Power Parity (PPP). Mexico is an upper middle-income country with one of the world’s highest income per capita.

 

Type of Company

  1. SociedaddeAnónima
  2. Sociedad de Resposabilidad Limitada
  3. Partnerships and Not-for-profit Corporations.

For small businesses, you can choose a limited liability company, and for larger businesses, you can choose a liability company, which provides shareholders with more legal protection than other company types.

Determining which type of company to open requires consideration of parameters such as number of shareholders, flexibility and formality of company management.

 

Why Should You Choose to Incorporate a Company in Mexico?

While the economy is steadily showing growth, there are several other advantages in an incorporate company in Mexico that are drawing investors in.

  • Buying land is easy, even in restricted zones like beaches
  • You don’t need a bank trust
  • You can easily develop a property (real estate)
  • Purchasing a hotel is simple
  • You can obtain work visas without many complications
  • Starting and operating a business is simple
  • You can avail of tax benefits and deductions
  • You have good control over your investment

 

Procedure to Incorporate Company In Mexico

Mexico has a set of procedures you need to undergo to start a company. Before you think of proceeding to Incorporate Company In Mexico, we would recommend you to hire a legal firm to look into your matters. A good attorney can get a reservation and permission for the company name of your choice. You will then need to collect all the relevant documents and get them notarized. Next, register the documents at the Public Registry and open a bank account in the name of your company. You will also need a federal taxpayer registration, known as RFC.

You must have a base capital of $2,100 plus 16% IVA tax. The Mexican law requires that you need at least two shareholders of any nationality. These shareholders can hold any percentage they choose. You can also have a corporate shareholder.

 

You Will Be Required to Submit the Following Documents for Every Shareholder and Directors

  1. Full name
  2. Nationality
  3. Marital status
  4. Place of birth
  5. Date of birth
  6. Current address
  7. Occupation
  8. Percentage of participants in the shares of the company
  9. Is the shareholder a director?
  10. Scanned copy of passport
  11. Copy of tourist visa

It takes about 3-5 weeks to incorporate a company in Mexico.

For more information and guidance on Incorporate Company in Mexico, contact 3E Accounting, China. We will help you with all aspects of registration, whether SA or SRL.
You can contact us by sending an email to request a no-obligation quotation or get more information about Incorporate Company in Mexico.