How do I set up a corporation in Mexico?
How do I set up a corporation in Mexico?
Mexico: 5 Steps To Incorporate A Business In Mexico
- Choose the type of entity. The first step to incorporating a business in Mexico is deciding if the business will be a Mexican entity, a branch or a representation office.
- Choosing a name.
- Sending in documents and bylaws.
- Get a Tax ID.
- Get a bank account.
What is a SAPI Mexico?
In order to promote foreign and national investment into the Mexican economy, a vehicle called SAPIS (Sociedad Anonima Promotora de Inversion “SAPI” in singular and “SAPIS” in plural, also known as an Investment Promotion Corporation in English) were created and enacted into the Foreign Investment Law on December 2005.
How do I start an LLC in Mexico?
LLC’s are formed after the Federal Mexican Ministry of Foreign Affairs approves the proposed company name. The Articles of Incorporation must have notarized signatures and state the purpose and types of business activities which the LLC will engage in.
How much does it cost to form a company 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 |
How much does it cost to set up a corporation in Mexico?
These steps are taken to ensure that your company will be legally incorporated and ready to use in Mexico. Please note that the incorporation fees are fixed by tariff and payable by us to the Notary Public. You can expect to pay approximately $2,100 USD plus 16% IVA tax to set up your corporation.
What is an LLC called in Mexico?
Sociedad de Responsabilidad Limitada
In Mexico, the two major types of companies are called the Sociedad Anónima and the Sociedad de Responsabilidad Limitada. They are basically the equivalent of a Corporation and a Limited Liability Company in the United States.