Mexico Company Formation – SK Patodia

ADVANTAGES OF COMPANY FORMATION IN MEXICO

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

BASIC REQUIREMENTS

  • At least 2 shareholder (Individual/ Corporate Entity).
  • Either a sole manager/ directors or a board of managers/ directors.
  • A shareholder can be the same or different person of any nationality.
  • 100% local or foreign shareholding allowed.
  • The statutory minimum capital requirement of MXN$3,000 or approximately USD$160.
  • A local registered office address is mandatory.
  • No physical presence of the company principals required during the company formation. Also, upon request the corporate bank account can be opened remotely.

DOCUMENTS REQUIRED

  • Application forms duly signed by the authorized signatory.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.
  • Corporate Shareholder:
  • Applications forms duly signed by the authorized signatory.
  • Certificate of Incorporation of the corporate shareholder (mother company).
  • Memorandum & Articles of Association of the mother company.
  • Board Resolution detailing the formation of the branch or the subsidiary nominating an authorized manager.
  • Passport Copy of the UBOs/ Shareholders/ Directors.
  • Copy of National Identity Card/Aadhar Card of the UBOs/ Shareholders/ Directors.
  • Most Recent Utility Bill/ credit card statement/ bank statement with name and residential address of the UBOs/ Shareholders/ Directors.
  • Curriculum Vitae (CV) /Profile of the UBOs/ Shareholders/ Directors.

OUR SERVICES

Incorporation Services:

  • Company Formation.
  • Provision for the Local Registered Office Address in Mexico for the 1st Year.
  • Tax Registration.
  • Assistance in the Corporate Bank Account Opening Process.

Other Maintenance & Compliance Services:

  • Renewal for the Local Registered Office Address in Mexico Annually.
  • Accounting (depending on the volume).
  • Drafting of the financial statements Statutory Audit (depends on volume and complexity).
  • Corporate tax filing (depends on complexity).

TIME PERIOD

The incorporation procedure will last between 4 to 5 weeks but please consider the time you will take to provide all the necessary valid documents and power to us in correct form.

The corporate bank account opening process will require 6- 8 weeks complete after incorporation. The above timeline is an approximation. However, best efforts will be exercised to work with the bank to see that the account is opened and processed as quickly as possible.

Quick Contact

Get in Touch








    Contact for any Kind of Information


    022 67079444