Mexico
Capital: Mexico City.
Official languages: Spanish.
Currency: Mexican Peso.
Company registration provides the following benefits:
- Entering the Latin American and US markets.
- Non-residents have the right to own 100% of the company.
- Possibilities of customs clearance of imported goods.
Mexico is an independent country in southern North America, located at the widest part of the isthmus south of the US border, connecting the two continents of North and South America.
Today, this jurisdiction offers favorable conditions for doing business due to its proximity to the US market, cheap labor and the presence of trade agreements with dozens of countries (USMCA), as well as simplified access and the possibility of localization to enter other Latin American markets.
Features of taxation and reporting
Contact your local tax office (Servicio de Administración Tributaria, SAT) to obtain your company tax number. This number is required to comply with tax obligations.
Mandatory annual audit for joint-stock companies; for the absence of an audit or violation of the deadlines for its completion, a fine for the company is provided for from $7,500 to $75,000, depending on the period of delay.
- Corporate income tax is 30%.
- There are regional taxes of 2-5%.
- VAT - 16%.
- There are a number of industry tax regimes and benefits related to mechanical engineering, R&D, venture investment, etc.
Mandatory annual audit for SAs, as well as companies that exceed two of the following indicators:
- Assets more than 100 million pesos ($5 million).
- Income more than 100 million pesos ($5 million).
- The average annual number of employees is over 100 people.ees is more than 100 people
Company registration
Time frame for company registration: from 20 working days.
Before proceeding with registration, it is necessary to determine the form of the enterprise. In Mexico, the most popular are the limited liability company (Sociedad de Responsabilidad Limitada, SRL) and the joint stock company with limited liability (Sociedad Anónima, SA).
Depending on the location of your company, you may need to register it with your local municipal office.
To register a company remotely, you will need to provide the following information:
- Notarized copies of passports for all participants.
- Choosing a company name: three options are required.
- Signing the articles of incorporation at the notary
- A document confirming the residential address of all participants (utility bills, bank statements indicating the address).
- Description of the type of activity/business (products/services, sectors, main countries of presence) within 20-30 words.
A quick guide to registering a company in Mexico:
To quickly register an SRL or SA, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registering a company in Mexico can be a complex process that requires an understanding of local laws and procedures. We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in Mexico in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
