Registering a company in Mexico is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Public Registry of Commerce and Tax Administration Service. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Mexico. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this vibrant and business-friendly country.
Step 1: Choose your company type
The first step in registering a company in Mexico is deciding on the type of company you want to register. The most common types are:
- Sociedad Anonima (SA)
- Sociedad de Responsabilidad Limitada (S de RL)
- Sociedad Anonima de Capital Variable (SA de CV)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to select a suitable name. You must check the availability of your chosen name through the Secretariat of Economy's website: https://www.gob.mx/se
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. Key documents include:
- Articles of Association (for SA, S de RL, SA de CV)
- Power of Attorney (if applicable)
- Proof of address
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for SA, S de RL, SA de CV) or one representative (for Branch of a foreign company). Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Mexico requires a minimum capital of $50,000 MXN for SA and SA de CV, and $3,000 MXN for S de RL. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Public Registry of Commerce (Registro Público de Comercio). This can be done online via the following link: https://www.gob.mx/rupaco/
The fees for registering a company are as follows:
- SA: $3,000 MXN (approximately)
- S de RL: $3,000 MXN (approximately)
- SA de CV: $3,000 MXN (approximately)
- Branch of a foreign company: $5,000 MXN (approximately)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Tax Administration Service (Servicio de Administración Tributaria - SAT). This can be done online via the following link: https://www.sat.gob.mx
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 2 to 4 weeks, depending on the complexity of your application.