Where do I register my business in Mexico?

How do I register my business in Mexico?

How to form a company in Mexico: 6 key steps

  1. 1) Draft and sign a power of attorney (POA): …
  2. 2) Create the company’s bylaws: …
  3. 3) Register your company before local authorities: …
  4. 4) Obtain the company and tax ID number: …
  5. 5) Open and activate a corporate bank account: …
  6. 6) Make your initial investment:

How do I register a foreign business in Mexico?

5 steps to opening a business in Mexico

  1. Get authorized. To use your desired company name, contact the Ministry of Foreign Affairs.
  2. Plan it out. You’ll create a Constitutive Act, which is an incorporation deed, and it must contain: …
  3. Get certified. …
  4. Get local. …
  5. Get employees. …
  6. Get paid.

How much does it cost to register a business in Mexico?

Fees

Different Mexico entity types Cost Draft invoice
PLC company (Stock corporation) US$19,603 View invoice PDF
Fast business setup solution US$37,600 View invoice PDF
Fast business setup solution + 6 months tax reporting US$53,100 View invoice PDF
Turnkey solution US$29,075 View invoice PDF
IT IS INTERESTING:  Your question: What are the chances of becoming an entrepreneur?

How long does it take to register a company in Mexico?

This process takes a maximum of 2 days. After receiving your tax registration, you need to submit your incorporation deed to the Public Register of Commerce. You will receive confirmation after at least 17 days.

Can I be self employed in Mexico?

Mexican government promotes independent work

This FA provides in-kind support (furniture, machinery, equipment and/or tools) whose cost can be up to $25,000 per person and up to $125,000 when the number of the Self-Employment Initiative is five or more.

Is it safe to do business in Mexico?

While there is crime throughout the country and there are places where crime is worse, overall, Mexico is a very safe place to visit for both personal and business travel. … Choose a safe location: This is, by far, the first and most important step when doing business in Mexico.

Can foreigners start a business in Mexico?

Foreigners can own 100% of a Mexican corporation and open their business in Mexico. … Mexico’s legal system and tax laws for businesses do not discriminate between foreigner business or Mexican National owned businesses.

Is it easy to start a business in Mexico?

Mexico is the easiest country in Latin America to start a business as it’s faster and much less complicated to do so. In some cases, it only takes a day and zero dollars to begin running your own company.

Do you need a business license in Mexico?

Legal obligations and responsibilities

Some types of business in Mexico must obtain a permit to trade legally. If you’re serving the public directly (in a shop or restaurant for example) then you might also have to register your enterprise with the local government.

IT IS INTERESTING:  How much is a business license in Multnomah County?

What documents does an investor need to provide to open a business in Mexico?

For this the following are required:

  • The presence of all owners (socios) of the entity mentioned in the Deed (the Deed will also specify the shareholdings of each owner).
  • Identification documents of each owner. …
  • CURP (like a social security number) number and RFC number (tax ID) for those that have them.

How much does it cost to open a franchise in Mexico?

The average franchise fee in Mexico varies for different businesses, for restaurant franchises it is $35,000 to get started and for beauty businesses it runs from $75,000. There are high investment business opportunities, as well as cheap franchises in Mexico presented for review, the choice is yours.