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Company formation in Mexico
Comprehensive assistance in company formation, including banking services
How to form a company in Mexico
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Mexico and opening a bank account in Mexico
2
Payment of services
Payment of our services for company formation in Mexico
and/or bank account assistance in Mexico
and/or bank account assistance in Mexico
3
Company formation
We register a new company in Mexico for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to registering a company in Mexico
Company formation in Mexico and bank account assistance in Mexico can be performed remotely, on the basis of a power of attorney.
1. Founders that would like to register a company in Mexico can either be resident or non-resident in Mexico. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Mexico. It is not required to register a company in Mexico with a resident individual as one of its shareholders or directors. However, it is required to set up a company in Mexico with a resident legal representative.
3. One individual can register a company in Mexico and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Mexico - no need to hire local employees or rent an office in order to establish a company in Mexico or to conduct business in Mexico.
5. Minimum share capital that is required to register a company in Mexico as a SRL (a limited liability company) is not established.
6. Information about company founders, shareholders and directors after company registration in Mexico is complete is publicly available in the state corporate register.
7. We can help you register a company in Mexico, as well as open a corporate bank account remotely, on the basis of a power of attorney.
2. A resident or a non-resident individual can be a company director in Mexico. It is not required to register a company in Mexico with a resident individual as one of its shareholders or directors. However, it is required to set up a company in Mexico with a resident legal representative.
3. One individual can register a company in Mexico and simultaneously be a shareholder and a director in this company if such company is registered as a SRL (a limited liability company).
4. There is no requirement for creating substance in Mexico - no need to hire local employees or rent an office in order to establish a company in Mexico or to conduct business in Mexico.
5. Minimum share capital that is required to register a company in Mexico as a SRL (a limited liability company) is not established.
6. Information about company founders, shareholders and directors after company registration in Mexico is complete is publicly available in the state corporate register.
7. We can help you register a company in Mexico, as well as open a corporate bank account remotely, on the basis of a power of attorney.
Cost of services
Formation of a SRL
Timeframe - 15 business days
Timeframe - 15 business days
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for company formation
Advantages of forming a company in Mexico
Attractive business-environment
- Open and stable economy
- Mexico has the most free-trade agreements - 17 agreements with 49 countries, including the United States and Canada
- Large manufacturing center in North America
- Geographic location of Mexico allows to establish maritime trade with almost any region
- Low cost of labor
Stability and security
- Political and financial stability
- Comprehensive personal security
- Investment protection
Tax benefits
- Relatively low dividend withholding tax rate - 10%
- Multiple double tax treaties
No foreign exchange controls
- Mexico state regulations do not impose foreign exchange controls. Individuals and business-entities, either resident or non-resident in Mexico may open bank accounts in local banks in any currency
Ease of establishing and doing business
- 100% foreign ownership of a company in Mexico is available
- Remote company formation in Mexico is available
More about Mexico
Mexico is located in southern part of North America and borders the United States of America, Guatemala and Belize, Mexico also shares maritime borders with Cuba and Honduras. The territory of Mexico amounts to 1,970,000 square kilometers. The capital city of Mexico is Mexico City, the largest city and the location of key government institutions.
Mexico has an access to the Gulf of Mexico and to the Atlantic Ocean, as well as to the Pacific Ocean.
The population of Mexico currently amounts to more than 126 million people.
Mexico has an access to the Gulf of Mexico and to the Atlantic Ocean, as well as to the Pacific Ocean.
The population of Mexico currently amounts to more than 126 million people.
Official currency of Mexico is Mexican Peso (MXN).
GDP of Mexico currently amounts to more than USD 2,6 trillion. The growth of the GDP in 2019 was around 2%, inflation - 4,9%. Mexico is the 12th largest exporter in the world. Over the last years the United States has received around 80% of Mexico's exports. Mexico's primary export is manufactured products. It also exports silver, fruits, vegetables, coffee and cotton.
The service sector is the largest part of GDP at 70,5% followed by the industrial sector at 25,7%, agriculture at 3,9%. Mexico is the world's 8th largest producer of oil. Mexico imports machinery for metalworking and agriculture, electrical equipment, vehicle and aircraft parts, steel mill products.
GDP of Mexico currently amounts to more than USD 2,6 trillion. The growth of the GDP in 2019 was around 2%, inflation - 4,9%. Mexico is the 12th largest exporter in the world. Over the last years the United States has received around 80% of Mexico's exports. Mexico's primary export is manufactured products. It also exports silver, fruits, vegetables, coffee and cotton.
The service sector is the largest part of GDP at 70,5% followed by the industrial sector at 25,7%, agriculture at 3,9%. Mexico is the world's 8th largest producer of oil. Mexico imports machinery for metalworking and agriculture, electrical equipment, vehicle and aircraft parts, steel mill products.
International business expands to Mexico and incorporates a company in Mexico primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- agriculture
- auto parts and services
- energy
- electronic equipment
- franchising
- packaging equipment
- plastics and resins
- transportation infrastructure equipment and services
- travel services.
Restricted for foreign entrepreneurs are the following sectors:
- national security
- telecommunications
- television, radio
- postal services
- air transport.
- Corporate income tax - 30%. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - 10%
- Interest withholding tax - from 10% up to 35%
- Royalties withholding tax - from 5% up to 35%
- Capital gains tax - 30%
- VAT - Standard tax rate 16% or reduced rates from 0% up to 8% or tax exempt. Tax returns are filed on a monthly basis
- Personal income tax - from 1,92% up to 35%.
Key types of business entities in Mexico are the following:
1. General partnership (Sociedad en Nombre Colectivo - S. en N.C.)
2. Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. Limited liability company (Sociedad de Responsabilidad Limitada de Capital Variable - S. de R.L.)
5. Public limited company (Sociedad Anónima - S.A.)
6. Branch office (Sucursal)
Individuals and legal entities, either resident or non-resident in Mexico can establish these business entities
To receive a detailed description of the company formation procedure in Mexico and information about documents necessary for company formation in Mexico please contact our experts.
1. General partnership (Sociedad en Nombre Colectivo - S. en N.C.)
2. Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
3. Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
4. Limited liability company (Sociedad de Responsabilidad Limitada de Capital Variable - S. de R.L.)
5. Public limited company (Sociedad Anónima - S.A.)
6. Branch office (Sucursal)
Individuals and legal entities, either resident or non-resident in Mexico can establish these business entities
To receive a detailed description of the company formation procedure in Mexico and information about documents necessary for company formation in Mexico please contact our experts.
Send a request for company formation in Mexico
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Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
