Located in the North American continent, the country of Mexico is bordered by the United States of America, Pacific Ocean, Gulf of Mexico, Caribbean Sea, Guatemala and Belize. One of the most important benefits of Mexico business registration is that the country boasts of profitable trade policies and further effectively links the South and North American consumer Economies. It is one of the most influential and highly diversified economies of the world with a significant number of investments in the private sector. Additionally, it has an unbiased tax and legal system that supports a foreign and local business indiscriminately. Lastly, company formation in Mexico is favourable mainly due to its complete foreign ownership policy. Below are the reasons why Mexico attracts a considerable amount of foreign direct investment.
It has free trade agreements with over 50 countries across the world.
Mexico has been on a reform path for a number of years, privatizing, deregulating, and cutting back the role of government.
It has taken measures such as strengthening laws, intensifying IP Protection rights and cross –border trade facilitation among others.
Opening a company in an emerging market is likely to get a business first-mover advantage, i.e., if a company is able to kick-start business in Mexico’s emerging economy early on, they shall be able to establish a niche in the market.
An emerging market allows for an immense access to new capital. As emerging economies become more developed, there is an increase in available capital, which businesses can grab to expand into yet another country.
Mexico boasts of a stable economy, which can be seen in its ability to stay stable even after the 2008 recession that some economies are still recovering from.
REQUIREMENT TO OPEN A COMPANY
Minimum two Shareholders/Partners
Minimum one Director (any nationality)
Minimum capital required is $3,000.00 pesos(50% must be paid at the time of incorporation)
Legalized with apostil copy of the Articles of Association
Legalized with apostil copy shareholders register or extract Chamber of Commerce showing the shareholders
Legalized with apostil copy of the passport of Shareholders
Utility bill showing the private address of the Shareholders
Legalized with apostil Power of Attorney (POA) provided by the Mexican Notary
Formation of Corporate Entity
Preparing and executing the POA
Requesting appropriate apostilles/legalizations
Corporate name search and reservation
Drafting the By-Laws and Articles of Incorporation
Drafting of any other relevant documents as may be required for the Company Incorporation
Execution of the Article of Association with the notary and formal Mexico Company registration
Requesting Mexican Tax Identification Number
Registration with the Mexican National Registry of Foreign Investment
Registration of Mexican Importer’s list
Hacienda Foreign Investor Registration
Obtaining Electronic Signature
Opening of Corporate Bank Accounts
Mexican Employee Social Security Registration (IMSS), if requested
Compliance Services after Company Incorporation
Tax filings and Compliances
Invoice Generation and Assistance
Local Registered Address Services
Setting up a company in Mexico takes approximately 3-4 weeks. The corporate bank account process will require at least 6-8 weeks after the company incorporation.