Guide to opening a company in Mexico
Mexico is one of the largest economies in Latin America. The country's economy is diversified, with developed sectors in industry, services, oil production, and agriculture. Membership in NAFTA plays an important role, facilitating active trade with the USA and Canada. The Mexican economy is strongly export-oriented. Registering a company in this country opens access to a vast market and provides many opportunities for business development.
Popular forms for company registration
There are several legal forms of companies in Mexico. The most commonly used by foreign investors include:
- Sociedad Anónima (S.A.) - equivalent to a joint-stock company.
- Sociedad de Responsabilidad Limitada (S. de R.L.) - equivalent to a limited liability company.
- Sociedad Anónima Promotora de Inversión (S.A.P.I.) - a form focused on attracting investments.
Tax features in Mexico
- Corporate income tax - 30%
- VAT - 16% (some goods and services are taxed at a reduced rate or exempt from VAT)
- Dividend tax - 10%
How to register a company in Mexico?
Registering a company in Mexico is a complex but feasible process for foreign investors. We recommend seeking assistance from IT-OFFSHORE specialists to ensure compliance with all requirements of Mexican legislation.
Mexico offers many business opportunities, and with the right approach, company registration can be the first step towards successful entry into the Latin American market. Given the country's growing economy and strategic position, investments in Mexican business can prove to be very promising for forward-thinking entrepreneurs.