Mexico Archives - EasyCo https://www.itseasyco.com/es/category/mexico/ Online Company Registration made Easy Wed, 18 Oct 2023 17:29:11 +0000 es hourly 1 https://wordpress.org/?v=6.7.1 Registered Office Address in Mexico https://www.itseasyco.com/es/registered-office-address-in-mexico/ Wed, 04 Jan 2023 02:30:47 +0000 http://localhost/sensea/registered-office-address-in-mexico/ What is a Registered Office Address? When do you appoint the Registered Address of the Company? Can a Registered Address be a P.O. Box or a virtual address? and more. Everything you need to know about your registered office address in Mexico!

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It is also necessary for them to know that they must have a registered office address in Mexico where they will establish their management or head office. For that reason, for those investors interested in establishing their business in Mexico, it is not only important to know how to set up a company in Mexico.

Mexico is a country that has good trade relations with foreign countries, and it is considered a very competitive country for international investments, this is due to its political and macroeconomic stability. In addition, Mexico is among the fifteenth largest economies in the world and is in the eleventh place as a country with great purchasing power.

easyco - registered office address in mexico

1. What is a registered office address?

It corresponds to the place where your business activities are carried out, whether it is a commercial place or an office; additionally, many companies rent an office address for these purposes.

If no address is indicated before the Tax Administration Service, it will take the address declared in any financial entity. In addition, if the administration is located abroad, the domicile where commercial activities are carried out within the Mexican territory will be considered the registered office address.

2. Why is it important?

The registered office address is an important step in the creation of a company since it represents the taxpayer-tax authority relationship. Also, the inclusion of an office address within the articles of incorporation of a company is required to register your company in Mexico.

This address is not only the place where the authority will notify administrative resolutions that may affect in favor or against the company’s operations. Furthermore, it will allow the tax authority to validate that your company is actually established in the declared place and that its main activity is carried out there. This will avoid confusion and bad practices.

Furthermore, according to the place where the domicile is established, you will have to pay obligatory taxes.

3. What are the requirements?

According to the Federal Fiscal Code, a registered office address must comply with the following requirements:

  • The actual documentation of the accounting entries and records.

  • Keep at the authority’s disposal, the accounting and other papers that prove compliance with the tax provisions.

  • If applicable, it must have its own goods or commodities in accordance with the activity in which they have been registered.

  • You must keep on file the lease contract, service rendering contracts, and loan contracts, if applicable.

  • In addition, you must have bank statements.

4. Notifying changes

Mexican law obligates local companies to notify the tax authority in case of any change of address.

5. Easyco and Registered Address. What to expect?

As you can see, having a properly registered address is of the utmost importance when considering incorporating Mexico. At Easyco your company compliance is our priority, we can help with this requirement with our registered address support service! You can choose this service when completing your online company form or you can also send us a message to learn more.

Whether you are looking to open an office where you plan to operate in the near future, or just need a registered address for compliance purposes, Easyco’s service helps you save valuable time.

6. Want to register a company in Mexico?

Easyco provides full-fledged company formation services in Mexico for your company requirements; we assist with your company registration, compliance, and growth.

At Easyco we take pride in making company registration a hassle-free process by giving you an online application experience, made for the 21st century.

Our video below provides a step-by-step summary of your company incorporation process. You can also visit the video’s detailed company formation article here.

 

 

Get Assistance from Easyco Experts!

To make sure you register your company in Mexico in the right way, you can get in touch with us, and our team of experts is going to make sure your registration complies with all Mexican laws.

At Easyco, we make company formation in Mexico easy; our team of corporate experts has vast experience helping companies and individuals register their business in Mexico, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Mexico today!

Easyco also provides additional services to guarantee your company compliance, which includes:

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What is a Legal Representative in Mexico? https://www.itseasyco.com/es/what-is-a-legal-representative-in-mexico-legal-representation/ Tue, 03 Jan 2023 02:30:47 +0000 http://localhost/sensea/what-is-a-legal-representative-in-mexico-legal-representation-in-2021/ What is a legal representative in Mexico and what are its functions? A legal representative in Mexico is a person that represents a company and acts on its behalf. At Easyco you can learn more about legal representation in Mexico and all considerations necessary.

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As an investor interested in creating a company in Mexico, it is important to consider that the requirements to form a company may slightly differ in comparison to other countries, but you should also consider that one of the important steps to establish a company is to appoint a legal representative.

Mexico is considered one of the most important and attractive countries to invest in Latin America. This country has stable growth with a positive economic scenario. Furthermore, according to the World Bank’s Doing Business 2020 report, in Mexico, the company formation process can take approximately 8.5 days. 

EASYCO - WHAT IS A LEGAL REPRESENTATIVE IN MEXICO LEGAL REPRESENTATION IN 2021

1. What does it mean to be a legal representative?

A legal representative is a person who represents the company and acts on its behalf. This person is authorized to carry out several processes, besides assuming commitments and being able to make decisions in relation to the benefit of the company.

The sole signature of the legal representative empowers him/her to commit to the company’s prestige.

2. Who can represent a company?

In order to be a legal representative in Mexico you must comply with the following:

  • Be over 18 years of age.

  • Be a Mexican citizen or a foreigner, as long as he/she is domiciled in Mexico and can prove his/her valid immigration status.

3. What are the functions of a legal representative?

Legal representation is granted to the managers or administrators of the company they represent. This legal representative is granted powers and his/her authority is limited to the exercise of the necessary acts for the proper management of the company.

Likewise, the representative of a company can assume decisions for the company he represents, both internal and external. These decisions are manifested through certifications.

Among the functions of the legal representative, we can mention that such a person is in charge of signing the labor contracts and certifications of the company’s employees. In addition, his or her signature is required for the validation of accounting reports or financial statements presented by a public accountant.

Among other functions, we can consider:

  • To enter into and execute the actions and contracts needed to develop all the activities of the company he/she represents.

  • To safeguard the proper functioning of its operations.

  • Execute the orders given by the board of directors or shareholders’ meeting.

4. Easyco and Legal Representation. What to expect?

Do you want to establish a business in Mexico but do not have a team currently? No more bumps in the road, Easyco provides legal representation as a compliance service. Easyco corporate experts bring a proven track record of legal representation kept to high standards, helping you with your company requirements and business formation in Mexico.

5. Want to register a company in Mexico?

Easyco provides full-fledged company formation services in Mexico for your company requirements; we assist with your company registration, compliance, and growth. At Easyco we take pride in making company registration a hassle-free process by giving you an online application experience, made for the digital era.

Our video below provides a step-by-step summary of your company incorporation process. You can also visit the video’s detailed company registration article here.

Get Assistance from Easyco Experts!

If you have any questions about the legal representative or company formation process in Mexico, please contact us. At Easyco, we make company formation in Mexico easy; our team of corporate experts has vast experience helping companies and individuals register their business in Mexico, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience. Start your company in Mexico today!

Easyco also provides additional services to guarantee your company compliance, which includes:

  • Appointment of legal representation,

  • Providing a registered office address

  • Handling tax and accounting

  • Hassle-free Payroll Services

  • Manage your Company bank account opening

  • Manage your Trademark Registration

  • Recruiting and Hiring Talent

  • Corporate Legal Services.

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How to Open a Corporate Bank Account in Mexico? https://www.itseasyco.com/es/how-to-open-a-corporate-bank-account-in-mexico/ https://www.itseasyco.com/es/how-to-open-a-corporate-bank-account-in-mexico/#respond Tue, 13 Dec 2022 21:36:00 +0000 https://www.itseasyco.com/?p=974 Certainly! Opening a corporate bank account in Mexico can be a crucial step for businesses looking to establish a presence in the country. In this article, we will provide a...

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Certainly! Opening a corporate bank account in Mexico can be a crucial step for businesses looking to establish a presence in the country. In this article, we will provide a step-by-step guide on how to open a corporate bank account in Mexico.

easyco - open a corporate bank account in mexico

Step 1: Choose the right bank

The first step in opening a corporate bank account in Mexico is to choose the right bank. It is essential to research various banks and compare their offerings to determine which one best suits your business needs. Some of the popular banks in Mexico are BBVA Bancomer, Santander Mexico, and Banorte.

Step 2: Gather the necessary documents

Once you have decided on the bank, the next step is to gather the necessary documents. The documents required may vary depending on the bank you choose, but the following are the general requirements:

  • Proof of business registration in Mexico
  • Identification documents of the company’s legal representative(s)
  • Proof of address of the company’s legal representative(s)
  • Tax identification number (RFC) of the company
  • Financial statements of the company

It is advisable to contact the bank beforehand to confirm the documents required.

Step 3: Schedule an appointment

After gathering the necessary documents, the next step is to schedule an appointment with the bank to submit the documents and open the account. You can do this either by visiting the bank in person or through the bank’s website.

Step 4: Submit the documents

At the scheduled appointment, you will be required to submit the necessary documents to the bank. The bank representative will review the documents and verify their authenticity.

Step 5: Deposit initial funds

Once the bank representative has verified the documents, you will be required to deposit an initial amount to activate the account. The amount may vary depending on the bank, but it is generally around MXN 10,000 (approximately USD 500).

Step 6: Wait for account activation

After depositing the initial funds, you will need to wait for the account to be activated. The activation process may take a few days to a week, depending on the bank. Once the account is activated, you will receive the account details and can start using the account for business transactions.

In conclusion, opening a corporate bank account in Mexico requires careful planning and research. By following the steps outlined above and ensuring that you have all the necessary documents, you can successfully open a corporate bank account in Mexico and start conducting business operations in the country.

How to Register a Company in Mexico?

  1. Select the appropriate type of company in Mexico
  2. Request the company name from the Ministry of Foreign Relations (SRE)
  3. Prepare the Articles of Incorporation
  4. Obtain your Tax ID or RFC
  5. Register the company in the Mexican Public Registry
  6. Register the company with the Mexican Social Security Agency (IMSS)
  7. Register the company in the Mexican Registry of Foreign Investment (RNIE)
  8. Register with the other required Government organizations
  9. Open a corporate bank account

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How to Start Selling in Amazon Mexico? https://www.itseasyco.com/es/how-to-start-selling-in-amazon-mexico/ https://www.itseasyco.com/es/how-to-start-selling-in-amazon-mexico/#respond Tue, 06 Dec 2022 15:46:00 +0000 https://www.itseasyco.com/?p=959 Selling on Amazon Mexico can be a great way to expand your business and reach new customers. By following these steps and staying up to date on Amazon’s guidelines, you...

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Selling on Amazon Mexico can be a great way to expand your business and reach new customers. By following these steps and staying up to date on Amazon’s guidelines, you can start selling on Amazon Mexico with confidence.

easyco - selling in amazon mexico

This can be a great way to reach new customers and expand your business into new markets. Here are the steps you need to take to get started:

1. Register for a Seller Account

To start selling on Amazon Mexico, you will need to create a seller account on Amazon’s website. There are two types of accounts available: individual and professional. The individual account is free, but you will be charged a fee for each item you sell. The professional account requires a monthly fee but has more benefits and lower per-item fees.

2. Set up your account information

After registering for your seller account, you will need to complete your account information. This includes your contact information, payment information, and tax information. You will also need to provide information about the products you plan to sell, including their categories and ASINs.

3. List your products

Once you have set up your account information, you can start listing your products on Amazon Mexico. You can do this manually, or you can use Amazon’s bulk upload tool to upload multiple products at once. You will need to provide product information such as the title, description, images, and price.

4. Fulfill your orders

When a customer places an order for one of your products, you will need to fulfill it. You can do this by either shipping the product yourself or using Amazon’s fulfillment services. If you choose to use Amazon’s fulfillment services, they will handle the shipping, packing, and customer service for you.

5. Manage your account

As your business grows, you will need to manage your account to ensure that everything runs smoothly. This includes monitoring your orders, managing your inventory, and handling customer service inquiries.

What do I need to start selling in Amazon Mexico?

In terms of requirements, you will need to have a tax ID number and a bank account in Mexico to sell on Amazon Mexico. You will also need to comply with Mexican tax laws and regulations.

When it comes to the information you find relevant, it is important to note that Amazon has a strict set of rules and guidelines that you must follow as a seller. These include requirements around product quality, shipping times, and customer service. It is important to read and understand these guidelines before you start selling on Amazon Mexico to ensure that you are providing a good experience for your customers.

In addition, you may want to research the competition in your product category to determine pricing strategies and identify potential gaps in the market that you can fill. It is also important to consider how you will market your products to reach potential customers.

How to obtain a Tax ID in Mexico?

In order to obtain a Tax ID (RFC) in Mexico, you’ll need to register a company. This is mandatory, there is no way of applying for a Tax ID without proof of the existence of a legal entity. Some of the documents the SAT or ‘Sistema de Administración Tributaria’ requires are:

  • Certified copy of the Articles of Incorporation
  • Proof of having an office address
  • Certified copy of the Power of Attorney for the Legal Representative
  • The ID of the Legal Representative

How to Register a Company in Mexico?

  1. Choose the right type of company or legal structure
  2. Provide the desired company name to the Ministry of Foreign Relations
  3. Prepare the Articles of Incorporation
  4. Submit the required documentation to the SAT to obtain a Tax ID
  5. Register the company in the Mexican Public Registry
  6. Register the company with the Mexican Social Security Agency
  7. Open a Corporate Bank Account

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Amazon Seller Account Mexico https://www.itseasyco.com/es/amazon-seller-account-mexico/ Tue, 06 Dec 2022 02:29:38 +0000 http://localhost/sensea/?p=290 https://sellercentral.amazon.com.mx/ Amazon Seller in Mexico: How to get started Amazon Mexico Seller Package

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https://sellercentral.amazon.com.mx/

Amazon Seller in Mexico: How to get started

Amazon Mexico Seller Package

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Most Common Types of Companies in Mexico https://www.itseasyco.com/es/most-common-types-of-companies-in-mexico/ Thu, 01 Sep 2022 02:30:44 +0000 http://localhost/sensea/most-common-types-of-companies-in-mexico-in-2022/ Are you interested in registering a company in Mexico but don’t know where to start? At Easyco we help you find out what are the most common types of companies in Mexico and which is the best for your business.

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Mexico is often considered the entrance to Latin America. Its proximity to the United States makes it one of the best countries for investors and entrepreneurs looking into the region for the first time.

In the past few years, Mexico has had considerable growth and is now the second-largest economy in all of Latin America, only after Brazil. The Covid-19 pandemic had a very strong effect in most Latin American countries, but 2022 is the perfect year to start a business in Mexico.

In this article, we have compiled a list of the 4 most common types of companies in Mexico, as well as some benefits and general requirements for the formation.

EASYCO - WHAT ARE THE MOST COMMON TYPES OF COMPANIES IN MEXICO

How to register a company in Mexico? What are the most common types of companies in Mexico? What are their differences? Which one is the best for my business?

  1. Limited Liability Company

    The Limited Liability Company or “Sociedad de Responsabilidad Limitada” (S. de R.L) is one of the most popular foreign companies. It works as a partnership for companies in the US that want to reduce their tax liabilities.

    The incorporation of a Limited Liability Company in Mexico requires at least two partners with a minimum capital of 3,000 Mexican pesos and a maximum of 50,000 Mexican pesos.

    The company’s shares must not be freely transferable or traded publicly. There is no requirement to appoint a statutory examiner.

  2. Corporation or Stock Company

    Corporations and Stock Companies in Mexico are also very common. This is because the shareholder’s liability is limited to their capital contributions and, in contrast with the LLC, the stock is freely transferable. This type of company can have an unlimited number of shareholders and needs a minimum of 50,000 Mexican pesos or 2,700 US Dollars. It is the legal structure that has the biggest potential for growth and profit.

    Benefits of a Corporation in Mexico:

    • Limited Liability

    • Continuity of life

    • Centralized management

    • Stock ownership is freely transferable

    • Lower tax rate

  3. Sociedad en Comandita Simple

     The “Sociedad en Comandita Simple” (SCS) is a type of partnership that has the advantages of an LLC. 

    There are two types of partners in a Sociedad en Comandita Simple:

    • Active partners that have unlimited liability

    • Silent partners are only liable for their capital contribution

  4. Mexican Branch

    With a Mexican Branch, any foreign company can start working in Mexico through branch offices. These types of companies will keep all their original liabilities and characteristics. To start operating in Mexico, they need to be approved by the National Commission of Foreign Investments and the Ministry of Foreign Relations. They also need to be registered at the Public Registry of Commerce.

Would you like to register a company in Mexico?

Easyco can help you start your business in Mexico

If you are looking to start a business in Mexico, our company experts can help you register your company in Mexico and assist with the formalities and compliance along the process.

At Easyco, we make company formation in Mexico easy; our team of corporate experts has vast experience helping companies and individuals register their business in Mexico, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM. We make business registration easy by providing a hassle-free online company registration experience.

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Why Outsource the Payroll of your Company in Mexico? https://www.itseasyco.com/es/why-outsource-the-payroll-of-your-company-in-mexico/ Wed, 04 May 2022 12:52:00 +0000 http://localhost/sensea/why-outsource-the-payroll-of-your-company-in-mexico/ Would you like to Outsource the Payroll of your company in Mexico? Learn about the benefits, how to do it and all the services provided by Easyco!

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Mexico is one of the most popular countries in Latin America for companies, businesses, and investors to start operations. Thanks to its proximity to the United States and the rest of Central and South America, it is considered a perfect location to establish the headquarters of companies that engage in activities along the continent. Furthermore, Mexico has a history of economic growth, political stability, and a highly skilled and educated workforce.

However, handling the payroll of a company in Mexico can be tough and require a lot of attention and work. This applies to both, small and big companies since they have different requirements, types of work, regimes, and regulations. Payroll Outsourcing Services offer you the solution and a more economical alternative to doing all the processes with your Human Resources team.

easy - how to outsource the payroll of your company in mexico

Why Outsource the Payroll of your Company in Mexico?

Payroll Outsourcing means working with a company that is going to take on some of the responsibilities of the Human Resources Department, such as recruitment, but also the management and payment of the payroll. This is an option many companies have in consideration since it takes off a big workload of their teams and gives it to a group of specialized people that are going to make sure to comply with all local regulations and stay up to date with the latest laws.

Payroll Outsourcing is perfect for small, medium, and big companies, since it provides all the solutions in one place and considerably reduces the costs, compared to having a group of people handling the payroll in-house.

Easyco Payroll Outsourcing Services in Mexico

At Easyco, our goal is to make your company in Mexico run as smoothly as possible. That’s why we’ve compiled a list of payroll services designed to cater to all your business needs. Keep in mind that if you need any additional service we can also help you, just send us a message with your requirements and we’ll get back to you as soon as possible!

  • Complete calculation of paycheck

  • Direct deposit to multiple accounts

  • Payroll tax comprehensive service

  • Locality processing

  • Reporting of employee benefits

  • Usage tracking and accrual – Vacation, Holiday, Sick, Personal Time, PTO

  • Digital checks in PDF format

  • Garnishment disbursements

  • Reports in a standard format and client-developed reports

  • Guidance for employee insurance

  • Customer support via e-mail or Whatsapp

Is Payroll Outsourcing the best option for my company in Mexico?

Outsourcing the payroll of your company in Mexico is the best option for companies that are first starting operations, as well as companies that are already established and are looking to optimize their processes, relief their team of the payroll workload and reduce costs.

This is also perfect if you’re based in Mexico but are looking to expand your business to other countries in Latin America, or if you’re just getting started and in the process of registering your company in Mexico.

Get Assistance from Easyco Experts!

Mexico is a great country to start your business, being a country open to foreign investment with a favorable legal structure for companies. Our experts can help you register your company in Mexico and assist with the formalities and compliance along the process.

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How to Dissolve and Liquidate a Company in Mexico? https://www.itseasyco.com/es/how-to-dissolve-and-liquidate-a-company-in-mexico/ Wed, 20 Apr 2022 05:16:00 +0000 http://localhost/sensea/how-to-dissolve-and-liquidate-a-company-in-mexico/ Would you like to close your company in Mexico? Lean about the Dissolution and Liquidation process of business in Mexico, the process and all the steps you need to follow

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Mexico is at the top of the list for investors and entrepreneurs looking to expand their businesses in Lain America. However, sometimes is inevitable to think about the dissolution of your business. Are you thinking of closing your company in Mexico? We are here to help you! The dissolution and liquidation of a business in Mexico can be a tedious and long process, that requires lawyers, liquidators, and all the partners and shareholders involved.

What are the causes of company dissolution in Mexico?

These are some of the reasons accepted by the LGSM (Ley General de Sociedades Mercantiles) to support the dissolution of the legal entity:

  • Expiration of the social contract

  • Inability to carry out the corporate purpose

  • By agreement of the partners or shareholders

  • Lack of shareholders

  • Loss of two-thirds of the capital stock

  • Dissolution by an official resolution

EASYCO - HOW TO CLOSE COMPANY MEXICO LIQUIDATION DISSOLUTION

What are the steps to dissolve and liquidate a company in Mexico?

  1. Hold an Extraordinary Assembly with the Directors of the company

    The objective of the Extraordinary Assembly is to elaborate on the minutes in which the Board of Directors agrees to dissolve the company. The minutes must be elaborated with the agreement and signatures of the corresponding parties and it also has to be notarized and registered at the Public Register of Commerce.

  2. Appointment of the liquidators

    At the Extraordinary Assembly, it is also necessary to appoint the liquidators that are going to be in charge of the procedure. The liquidators of the company play a very important role in the dissolution process and have the following faculties:

    • Termination of all pending social operations

    • Collection of the company’s assets

    • Sell the company’s goods

    • Collect what is owed and pay what the company owes

    • Prepare the final financial balance of the company (step 5)

    • Register the cancellation of the social contract in the RFC (step 7)

    • Keep the liquidation books and company documentation for 10 years, after the dissolution.

  3. Presentation of the Annual Declaration

    Within 3 months of the Dissolution Agreement, the Annual Declaration has to be presented, with the information about the financial statements, starting on January 1st until the day of the Dissolution Agreement.

  4. Submission of the Dissolution Certificate to the SHCP

    Within a month of the presentation of the Annual Declaration, the Dissolution Certificate (RX) has to be submitted to the Secretaría de Hacienda y Crédito al Público (SHCP). This government office is in charge of the collection of taxes and their distribution.

  5. Elaboration and submission of the final financial balance

    The Annual Declaration must be published on the online platform of the ‘Secretaría de Economía’. All the partners and shareholders can review it and file a claim (if applicable), within 15 days of it being published. The shareholder Assembly has to approve the balance.

  6. Hold the Final Settlement Agreement Assembly

    At the Final Settlement Agreement Assembly, the liquidators will report on all the legal, fiscal, and civil actions that were taken, as well as the information regarding the reimbursement of the stock to the shareholders.

  7. Submission of the Cancellation Agreement to the RFC

    Submit the Cancellation Agreement to the RFC or ‘Registro Federal de Contribuyentes’ the month after the dissolution of the company to terminate the company’s fiscal obligations.

Would you like to liquidate and dissolve your company in Mexico? At Easyco we can help you!

At Easyco, we make the dissolution and liquidation of your company in Mexico easier for you and your shareholders; our team of corporate experts has vast experience in Mexico, with a proven track record of success across all of our services.

Additionally, Easyco provides services to guarantee your company’s compliance, which includes:

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How to Set Up a Company in Mexico: Company Formation Mexico https://www.itseasyco.com/es/company-formation-mexico-how-to-register-company-mexico-set-up/ Sat, 05 Mar 2022 02:30:57 +0000 http://localhost/sensea/company-formation-mexico-how-to-register-company-mexico-set-up/ You are looking to form a company in Mexico in 2021. Before moving forward with the incorporation of your company or business in Mexico, it’s important to be familiar with the legal requirements and registration process for a successful company formation.

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You are looking to register a company in Mexico, but don’t know where to start? In this article, Easyco shows you the essential steps to form a company in Mexico.

1. Select the appropriate company type in Mexico

When establishing a business in Mexico, there are many benefits, regardless of how small or big the company is:

  • Foreigners can establish a Limited Liability Company

  • 100% foreign ownership

  • No capital controls for repatriation of profits

  • Strong property rights and protection

  • No mandatory paid-in capital requirements

 

When choosing the best Mexican company type, we need to take into consideration the number of shareholders (minimum 2 shareholders required), the flexibility desired in managing the company, and the level of formality required. In Mexico, the two major types of companies used for business are:

  • Stock Corporation (Sociedad Anónima, S.A.) – Most used by domestic and foreign investors

  • Limited Liability Company (Sociedad de Responsabilidad Limitada, S. de R.L.) – Used frequently

Both grant limited liability to shareholders, where liability is limited to their capital investment.

For a large-scale operation or a business with various investors, we recommend an S.A. For a small business like a restaurant, store, or small-scale manufacturing operation, you may choose the S. de R.L. For both the S.A. and the S. de R.L. the option of variable capital (capital variable, CV in Spanish) can be established, thus permitting the increase or decrease of capital with minimum formalities.

2. Request the company name from the Ministry of Foreign Relations (SRE)

Once you have selected the type of company that you want to incorporate in Mexico, the next step is to submit an application to the Ministry of Foreign Relations (Secretaría de Relaciones Exteriores, SRE in Spanish) where five possible company names are to be provided in order of your preference, for the company. This is carried out to ensure that there is no company already incorporated in the country or abroad with the same company name.

3. Preparation of the Articles of Incorporation

Once the SRE approves or delivers the proposed company names, the Articles of Incorporation (also known as corporate charter) must be created. For this step, the legal advice of a lawyer in Mexico will be necessary. This document is the foundation of all the general and basic aspects of the company, they stipulate:

  • Information regarding the company founders

  • Company Type

  • Company name

  • The purpose of the company

  • Authorized capital

  • Bylaws

Once the company is created, said Articles of incorporation must be notarized before a Notary Public or a Public broker. Previous to completing this process, the Notary Public will ask for “Know your Client” (KYC) requirements that include completing a questionnaire, providing proof of legal existence, and Powers of attorney (POA) granted by the shareholders, if applicable.

Note: In Mexico, a stock corporation requires:

The shareholders may elect either a sole administrator or a board of directors to manage the affairs of the stock corporation. The charter and bylaws will specify the powers and responsibilities of the administrator or board, as well as any specific acts that might require a resolution of the shareholders. A sole administrator is occasionally preferred during the organizational phase of a business, and the company elects a board of directors later.

4. Obtain your Tax ID (RFC) from the Mexican tax agency

The next step of your company formation in Mexico is to obtain your company tax ID, known as the “Registro Federal de Contribuyentes” (RFC) in Spanish. To complete this step, you will have to visit the offices of “Servicio de Administración Tributaria” (SAT), which is the Mexican tax authority.

5. Register the company in the Mexican Public Registry (RPPC)

Subsequently, you have to register the company before the Public Registry of Property and Commerce (Registro Público de la Propiedad y Comercio, RPPC in Spanish). For this process, you have to provide:

  • Payment of registration fees

  • The notarized Articles of Incorporation.

  • RFC of the company.

  • Power of Attorney that allows the legal representative to carry out the company’s procedures (if applicable).

Once your company is registered in RPPC, it officially exists!

6. Register with the Mexican Social Security Agency (IMSS)

Now you proceed to register the company with the Mexican Social Security agency (Instituto Mexicano del Seguro Social, IMSS in Spanish). Even if it is a company in which only the partners exist as the only workers, you must go to the IMSS to request their registration and be able to make the personal contributions of the future employees of the company or that of the current partners.

Take into account that if this step is not completed on time, you may receive a fine from the IMSS.

7. Register in the Mexican Registry of Foreign Investment (RNIE)

Mexican law establishes that companies with foreign participation must register in the registry of the National Registry of Foreign Investments (Registro Nacional de Inversiones Extranjeras, RNIE in Spanish). In addition, companies with very high capital, are required to submit annual financial reports to the RNIE.

Note: For a foreign-owned company, it is important to take into account:

  • In Mexico, regardless of the immigration status of a foreigner, you are generally allowed to sign the corporate charter as a partner in the company. The fact is that there are certain activities where participation is prohibited or limited, therefore, you have to work closely with your experienced local providers when registering a company in Mexico.

  • An International Power of Attorney (POA) can be drafted that allows a local attorney or representative to act on your behalf, without you having to travel to Mexico. Once the corporate charter of your new company is ready to be signed, the attorney will require a POA to sign the related documents. The POA must be legalized in order to be officially accepted and recognized in Mexico. In order to be legalized, the POA must be previously authenticated (certified) by the proper authorities. Once the POA is authenticated, the next step is to sign on behalf of the shareholders.

  • Take into account that any document that comes from abroad has to be apostilled or legalized, and officially translated into Spanish once in Mexico (if applicable).

8. Register with the other required Government organizations

Depending on the business of your Mexican company, you may be required to register with different organizations. The most common are:

  • The Mexican Institute of Intellectual Property

  • The Ministry of Health

  • The Ministry of Ecology and Environment

This step also includes requesting the municipal or state permits that are required depending on the geographical area in which you seek to establish yourself.

9. Open the corporate bank account

As a final step, you can proceed to open a company bank account. The legal representative of your company can complete this step, the bank will require the company RFC and your company information. Choose a local bank that offers you the best pricing structures regarding international transactions and other processes that you consider important. It’s recommended to contact a local professional who is knowledgeable about this process.

Get Assistance from Easyco Experts!

Mexico is a great country to start your business, being a country open to foreign investment with a favorable legal structure for companies. Our experts can help you register your company in Mexico and assist with the formalities and compliance along the process.

Easyco also provides additional services to guarantee your company’s compliance, which include:

At Easyco, we make company formation in Mexico easy; our team of corporate experts has vast experience helping companies and individuals register their business in Mexico, with a proven track record of success across all of our services. Easyco aims to tackle the complex company formation processes across LATAM and makes business registration easy by providing a hassle-free online company registration experience.

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¿Cuál es tu número de identificación fiscal en México? – Número RFC https://www.itseasyco.com/es/what-is-tax-id-mexico-rfc-number/ Sat, 16 Nov 2019 00:35:00 +0000 http://localhost/sensea/what-is-tax-id-mexico-rfc-number/ Todo lo que necesita saber sobre el número de identificación fiscal de su empresa (número RFC)! ¿Qué es el número RFC y cuál es su propósito? El número RFC es una parte esencial de la formación de una empresa en México.

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easyco - tax id in mexico rfc

Todas las empresas en México requieren un número RFC. En esta guía de inicio rápido, hacemos un resumen de los aspectos importantes del número RFC, que es una parte esencial del registro de su empresa en México.

  1. ¿Qué es el número RFC?

    En México, el RFC significa ‘ Registro Federal de Contribuyentes’ en su abreviatura en español. Esencialmente, es un número alfanumérico de 13 dígitos para cualquier persona física y un número alfanumérico de 12 dígitos para cualquier persona moral/moral (una empresa) en México. Se utiliza en la mayoría de los trámites ya sea con entidades públicas o privadas.

  2. ¿Qué agencia gubernamental proporciona el número de RFC?

    El SAT proporciona el número de RFC a las personas físicas o morales. SAT significa ‘ Sistema de Administración Tributaria’ en su abreviatura en español, y es la agencia del gobierno mexicano que hace cumplir las aduanas y los impuestos en México.

  3. ¿Cuándo se proporciona el número RFC?

    Al constituir una empresa en México, el número de RFC es proporcionado por el SAT una vez que la empresa ha sido inscrita con éxito en los Registros Mexicanos. Una vez creada la empresa, se hace una cita en las oficinas del SAT con toda la documentación necesaria para tramitar y activar el RFC. Este es el paso final para tener una empresa en pleno funcionamiento.

  4. ¿Qué documentación se requiere para activar el número RFC de la empresa?

    Las oficinas del SAT requieren la siguiente documentación/información para activar un RFC de empresa:

    • Documento oficial de constitución (copia certificada).

    • Comprobante de domicilio social.

    • Poder notarial en caso de representación legal (copia certificada).

    • Identificación vigente del Representante Legal de la empresa.

    • En el caso de los accionistas extranjeros, se debe incluir un RFC genérico para su cumplimiento.

    • Dependiendo del tipo de organización, es posible que se requieran documentos adicionales.

  5. Easyco y su número de RFC. ¿Qué esperar?

    La activación del número RFC es una parte esencial del servicio de formación de su empresa, los expertos corporativos de Easyco le aseguran la adquisición y activación exitosa de su número RFC en México junto con todos los requisitos de la empresa que pueda necesitar. Espere que este sea uno de los pasos finales al crear su empresa.

  6. ¿Quieres registrar una empresa en México?

    Easyco ofrece servicios completos de registro de empresas en México para los requisitos de su empresa; Ayudamos con la formación, el cumplimiento y el crecimiento de su empresa. Obtenga más información sobre los servicios y precios de Easyco en México.

    Nuestro video a continuación proporciona un resumen paso a paso del proceso de constitución de su empresa en México. También puede visitar el artículo detallado de formación de empresas del video aquí.

Easyco puede ayudarte a iniciar tu negocio en México

Si está buscando iniciar un negocio en México, nuestros expertos en empresas pueden ayudarlo a registrar su empresa en México y ayudarlo con los trámites y el cumplimiento a lo largo del proceso.

En Easyco, facilitamos la formación de empresas en México; nuestro equipo de expertos corporativos tiene una vasta experiencia ayudando a empresas e individuos a registrar sus negocios en México, con un historial comprobado de éxito en todos nuestros servicios. Easyco tiene como objetivo abordar los complejos procesos de formación de empresas en LATAM. Facilitamos el registro de empresas al proporcionar una experiencia de registro de empresas en línea sin complicaciones.

The post ¿Cuál es tu número de identificación fiscal en México? – Número RFC appeared first on EasyCo.

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