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Enterworld offers affordable solutions for company registration in Mexico for foreigners.
3 to 8 Weeks
Company Registration
No
Travel Required
100%
Foreign Ownership
No
Local director
SPecial offer
Business setup in Mexico as a sole proprietorship, locally known as Persona Física, is a company structure for individual owners. It is one of the common and simplified types of business structures for company registration in Mexico. It is mostly preferred by solo entrepreneurs and small businesses. The company's debts and liabilities in a sole proprietorship are the personal responsibility of the owner. To register a sole proprietorship in Mexico, you do not require to pay a minimum capital for company incorporation. This company structure does not require you to open a corporate bank account, and you can make all the business transactions through your personal bank accounts. As a sole proprietorship, you will have complete control of your company and will be required to register with Mexico’s tax administration system. You can register a company in Mexico as a limited liability company, locally known as Sociedad de responsabilidad limitada. This company structure can be established with two shareholders and one director, who can be of any nationality, but the company must employ one legal representative who will coordinate with the authorities of Mexico. The advantage of starting a Mexico limited liability company is that it does not require a minimum capital for incorporation but is advised to contribute an amount of a minimum MXN3,000 (US$200). You will be required to register for a tax identification number (TIN), pay a corporate income tax of 30% and also conduct annual financial auditing. A limited liability company in Mexico is the preferred structure for most industries because it offers 100% foreign ownership. Company registration in Mexico as an export processing zone company is a company structure for foreign companies, especially for the United States and Canada. The main purpose of this company structure is for companies to import materials and products into the country to assemble the components in Mexico using local labour, and export the completed goods. If the Mexican companies export more than US$500,000 annually, you can register your company as a Maquiladora. You can also register a maquiladora company if you apply to the IMMEX program, regulated by the Mexican Ministry of Economy. The Mexico export processing zone company have multiple exemptions from VAT and custom duties. You can also enjoy 100% foreign ownership, but you will require one director and a minimum of two shareholders for incorporation. The Mexican stock corporation locally known as Sociedad Anonyma requires one director and two shareholders for incorporation who can be of any nationality. It also has a minimum capital requirement of MXP50,000, where a minimum of 20% must be paid during incorporation. A Mexican stock corporation company structure is mostly preferred and recommended for businesses that are considering raising funds in Mexico and listing their company on the Mexican Stock Exchange. The company is owned by shareholders, who hold shares and are only responsible for the company's debts up to the amount they invested. It will take 12 weeks for the complete company setup and 8 weeks to open a corporate bank account. As a Mexican stock company, you will be required to pay a corporate income tax of 30%. Company registration in Mexico for foreigners is possible through a branch office, which allows the foreign company to operate locally. A branch office is considered an extension of the parent company and is permitted to conduct all business activities in Mexico. Foreign companies can register a branch office under the General Law of Mercantile Corporations (Ley General de Sociedades Mercantiles). You can get approval from the General Foreign Department of the Ministry of Economy, provided you employ a legal representative who is a resident of Mexico. The business activities of a branch office are entirely conducted according to the parent company. Branch offices are not legally separate from the parent company, instead, the parent company is fully responsible for any liabilities caused by the branch office. A representative office is for foreign entrepreneurs who want to expand their business operations to Mexico. This company structure is not allowed to conduct business activities to generate profits. It is only allowed to conduct non-commercial business activities and is only permitted to use this company structure for research, marketing and promotion of the parent company’s products and services. It is mandatory for this company structure to appoint a legal representative for business communications in the country. A representative office can be 100% foreign-owned, and it will take around 16 weeks for the company to set up as a representative office and 8 weeks to open a corporate bank account. This company structure does not require any minimum capital for incorporation, and you will not be required to pay any corporate income tax. Mexico’s thriving economy, business-friendly environment and well-developed infrastructure have made business setup in Mexico an attractive and strategic choice for both local and international entrepreneurs. Additionally, the government of Mexico actively promotes foreign investment, making company registration in Mexico a top choice for entrepreneurs. According to the Mexican Foreign Investment Law, foreign companies are allowed 100% ownership in most industries. This makes it easy and attractive for global businesses to establish a business in Mexico as a foreign entrepreneur. Initiatives like the USMCA, that is, the United States-Mexico-Canada Agreement, allow enhanced cross-border business opportunities between the United States, Mexico, and Canada by reducing trade barriers and simplifying customs procedures. The Mexican government offers various government support and initiatives, such as IMMEX (Industria Maquiladora de Exportación), which is an Export Manufacturing Industry that provides attractive tax incentives for manufacturing operations. Mexico is a beautiful country with a diverse economy and excellent government support for foreign investment. The key benefits of company registration in Mexico are: +1k Customers Setting up a company in Mexico provides access to global markets due to the country’s free trade agreements with major economies worldwide, as well as its strategic geographical location, which offers easy access to both North and South American markets, including the United States. Mexico has multiple free trade agreements with major countries, including the USMCA (United States-Mexico-Canada Agreement). These agreements allow countries access to larger international markets and offer easier trade in goods and services. Some agreements also eliminate tariffs. Mexico has a growing economy, and as an entrepreneur, you can benefit from expanding market opportunities and support from the government. By promoting open trade, Mexico strengthens its economic stability and, therefore, creates an attractive business-friendly environment for global investors. Mexico is a thriving country with many flourishing industries such as agriculture, tourism, automotive, manufacturing and more. The automotive industry in Mexico is the 7th largest auto producer in the world, and agricultural exports are also the highest from the country, making Mexico a great destination for global investors. Mexico offers a world-class infrastructure for you as an entrepreneur. The country has well-developed connectivity for international trade, along with modern industrial parks and an excellent logistics system for businesses looking to expand and operate efficiently within the country or to reach global markets. Company registration in Mexico will give you access to the skilled workforce you need as an entrepreneur. The country has an educated and skilled workforce at competitive wages; many youths in the country are graduates of universities and technical training programs, ensuring efficient operations and business growth. The country has a diverse economy driven by thriving industries such as agriculture and the automotive industry. The country boasts strong industrial capabilities, offering entrepreneurs a wide range of opportunities across various sectors. The bigger cities in Mexico also have a growth in the startup ecosystem, making Mexico a great country to start a business. You can register a business in Mexico to access the country’s government incentives, which include tax benefits, funding programs, and support for innovation and international exports, all created to promote business growth and investment in the country. These initiatives make Mexico an attractive country for global entrepreneurs.
Empowering Thousands of Business Dreams in Mexico
Choice of Business Entities in Mexico
Sole Proprietorship (Persona Física)
The Mexico Limited Liability Company (Sociedad de responsabilidad limitada)
The Mexico Export Processing Zone Company (Maquiladora company)
The Mexican Stock Corporation (Sociedad Anonyma)
Branch Office (Sucursal)
Representative office (Oficina de reprecentacion)
Mexico Business Setup
Why Entrepreneurs Go for Business Setup in Mexico?
100% Foreign Ownership
Trade opportunities
Government Support
Benefits of Company Registration in Mexico
Access to Global Markets
Free-Trade Agreements
Growing Economy
Flourishing Industries
World-Class Infrastructure
Skilled Workforce
Diverse Economy
Government Incentives
Documents Needed
Documents for Company Registration in Mexico for foreigners
Blooming Sectors in Mexico
Ideas for Company Formation in Mexico
Automotive Industry
Aviation and Aerospace Industry
Electronics and Telecommunications
Medical Devices
Oil Production
Tourism Industry
Renewable Energy
Mining Sector
Agriculture and Agricultural exports
Logistics and Transportation
Food Industry
Apparel and Textile Manufacturing
10 Reasons to Choose Enterworld
Empowering Entrepreneurs in 50+ Countries
Frequently Asked Questions on Mexico Business Registration
Yes, foreigners are allowed to start a company in Mexico. As a foreign entrepreneur, you will be allowed to own 100% of your company in Mexico without any restrictions. To start a business in Mexico, you will have to register for a Mexican residency visa, a Mexican tax ID (RFC), and a Unique Population Registry Code (CURP). As a foreign entrepreneur, you can also register your company online or through the Power of Attorney (POA).
The legal structures for company registration in Mexico include:
The average cost of setting up a company in Mexico can be between USD 1,000 and USD 5,000. The actual cost can depend on the business activity, company structure and business size. Some businesses may require complex documentation and procedures, which may require more legal requirements and hence can have higher fees.
To register a business in Mexico, you will need the following documents:
Mexico business registration requires the following key steps, such as:
Company registration in Mexico can take from 3 to 8 weeks. The actual time taken will depend on the business structure you choose, the time required for the documentation process, choosing a company name and if your documents are accurate.
Yes, Mexico is a good place to start a business. The country offers excellent benefits and opportunities to both regional and global entrepreneurs. It has a thriving economy, skilled workforce and free-trade agreements with major countries of the world. The company registration is also simplified with very few bureaucratic hurdles. Mexico also provides an excellent platform for entrepreneurship and innovation, which makes Mexico an attractive destination for all businesses.
The major thriving industries in Mexico for its GDP and economy are agriculture and agricultural exports, automotive, aviation and aerospace, electronics, and medical devices, with the automotive industry being an important industry for the country’s growth. The other thriving industries in Mexico are renewable energy, apparel and textile manufacturing, logistics, transportation, tourism and food industry.
Yes, Mexico is a powerful country. It is especially known as a powerful and thriving country with a developing global influence among the countries of America. Mexico has a diverse economy, ranked as 2nd largest economy in Latin America and the 15th largest in the world.
Yes, businesses in Mexico have to pay a federal corporate income tax of 30% on profits. Both foreign companies and regional companies operating within Mexico are required to pay the corporate income tax.
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