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Looking to open a company in Mexico?
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SERVICES
Business registration.
Mexico entity types and legal requirements for foreign entrepreneurs
Foreign entrepreneurs looking to do business in Mexico usually prefer to set up a Mexican limited liability company. Alternatively, overseas companies can also register a branch in Mexico, or a representative office if they do not plan to run commercial operations in this country.
There are also those who are interested in Mexico as manufacturing base and then export their products, there is an optimal option for this type of company.
Limited Liability Company (Sociedad de responsabilidad limitada)
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Our clients can establish a limited liability Company in Mexico with only two shareholders and one director, who can all be foreigners.
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While both shareholders and directors can reside outside of Mexico, one individual, locally known as the legal representative, residing in the country must be appointed to liaise with the authorities.
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There is no legal minimum for the capital to be allocated to the company. Eventhough we recomend to take into consideration a minimun capital of aproximatelly MXN$10,000 (US$500)
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A limited liability company setup in Mexico is suitable for most industries and services due to low initial capital requirements and 100% foreign ownership.
Manufacturing, machinnery and export service company. (IMMEX)
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This structure is most suitable for export oriented businesses, especially for companies looking to place their produce on the lucrative North American markets.
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Contrary to most other countries in the region, Mexican export processing zones are not geographically allocated, although most EPZ companies are located close to the US frontier.
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All companies can apply to the IMMEX program regulated by the Mexican Ministry of Economy, provided that they export the higher of US$500,000 or 10% of their annual sales.
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The company will benefit then from exemption from custom duties VAT.
Company Limited by Shares or Mexican Stock Corporation (Sociedad Anonima)
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Our clients can establish a limited liability Company in Mexico with only two shareholders and one director, who can all be foreigners.
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While both shareholders and directors can reside outside of Mexico, one individual, locally known as the legal representative, residing in the country must be appointed to liaise with the authorities.
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There is no legal minimum for the capital to be allocated to the company. Eventhough we recomend to take into consideration a minimun capital of aproximatelly MXN$10,000 (US$500)
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This type of corporate structure is recommended for those who wishes to raise funds in Mexico and eventually list their company on the Mexican Stock Exchange
Branch Office
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The General Mercantile Corporations Law allows foreign companies to register a branch in Mexico. Approval from the General Foreign Department of the Ministry of Economy can be granted, provided a legal representative ordinarily residing in the country is appointed
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The branch is allowed to sign contracts with local suppliers and invoice and receive income from local customers. The branch office can only work in accordance with the defined business operations of the parent company.
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Branch offices are recommended for business sectors with high capital requirements or highly specialized sectores.
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Because branch offices are not legally separate from the parent company, the parent company is responsible for the liabilities of the branch office.
Representative office
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A representative office is only permitted to engage in non-commercial activities including service, promotion of the parent company or market research.
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Companies which do not wish to invoice local Mexican Clients a representative office to promote their foreign products and services.
Regulatory Compliance
No matter the industry or company size, all businesses must adhere to certain laws and regulations as part of operations.
Regulatory compliance, deals with a set of guidelines that the law requires organizations to follow.
The regulations are there for a reason – they help protect your business, your employees, and your customers.
Preventive Management
After doing the business registration, next step is to set up the business. If the business is going to have a physical address it is important to comply with the local regulations. The new office needs to have the correct land use, electricity contract, water, operating license, construction permites, adversting licence, etc. Our clients can be rest their minds knowing we take care of them.
Corrective Management
With the regulatory environment constantly evolving, the compliance target is always moving.
You might find that, just when you’ve achieved full compliance, something shifts and you’ve got to tweak your approach to stay in compliance. Your business needs to be able to adapt; otherwise, you put your business at risk.
When your business fails to comply, you open yourself up to potential lawsuits and financial liability. Regulatory compliance helps you protect your business’s resources and reputation.
Legal Consulting
Protective Legal Consultancy is the main principle of our work. We work as part of your team to anticipate and meet the challenges you may face. Our goal is to fin commercially sound solutions to help you and your business partners to achieve your objectives.
Our legal consultancy service includes regular legal audits allowing our clients to operate in a fine legal way and minimizing any potential legal dispute. Our aim is to help you keep your business ahead of the risks and opportunities arising from changes in the law, we track and anticipate the latest legislative proposals in the jurisdictions that are important to you.
We aim to establish a reliable legal background in your company by regularly counseling our clients regarding on-going compliance with relevent regulations and policies, address other compliance and governance issues and guide them through any turmoil their business might encounter.
A Continous Support in the Management of your Company
Our services covers periodical visits, performed both on regular basis and upon request. During visits, daily matters are discussed and needed consultancy services are assessed.
Informing departments. It is possible to give seminars and trainings to the manpower of your company, so that they stay update about the legal regulations, giving essential legal information for each department will help run the company smoothly. For instance, an informative seminar can be given to the sales department in every six months outlining the points to which they should pay attention to, preparation of agreements, how to guarantees should be taken, etc.)
In Case of Legal Dispute
IDES will connect our clients whose in need of legal representation in litigation matters in Mexico, with specialized Mexican law firms. We provide peace of mind to our clients as they know they are represented by the best law firms.
Civil Defence
In Mexico, depending on the size, type and impact of business, it may be necessary to have a civil protection program. All the businesses as part of the regulatory compliance have to follow certain regulations in order to ensure the safety of their employees and clients in case of fires and natural disasters. The civil defence is ruled by the general civil protection law, the law of the civil protection system of each state and the regulation of the Civil Protection Law of each State
Bank Account
If you are planning to open a company in Mexico, you should not only worry about where your new offices should be. One of the main tasks is to open a bank account.
Opening an account in a corporate name is necessary to demonstrate that the company is carrying out its activities as a legal and independent company of the shareholders. This is essential to ensure the limited liability of your company.
Visas
Foreign entrepreneurs looking to do business in Mexico may be requiered to obtain a visa to visit Mexico, stay for a certain period of time inside the country or to engage economic activities.
Please note that travellers who wish to visit Mexico (regardless of their nationality or itinerary), holding a valid, multiple entry visa for the United States of America, Canada, Japan, the United Kingdom or the Schengen Space countries DO NOT need to apply for a tourist, business or transit Mexican visa.
Additionally, permanent residents in the United States, Canada, Japan, the United Kingdom or the Schengen Space countries who wish to travel to Mexico DO NOT require a visa to enter Mexico as tourists, transit or business visitors. see more
Interpreters and translations
Our team is composed of highly trained professionals in the Translation and Transcription field. We ensure you will be satisfied.
We offer professional interpreting services for business meetings, conferences,seminars, congresses, negotiations and discussions in multiple languages.
In addition to being gifted linguists, our business meeting interpreters are also informed of the local business etiquette, professional conduct and the corporate rules. Their familiarity with the subtle cultural nuances and terminology, ensures fluent and precise communication between negotiating parties, which is, in turn, essential to our clients’ success