Company foundation Mexico
International management consultancy in Mexico
In Mexico, certain steps are required to start a business. Here are the most important steps:
- Certificate of Incorporation: to incorporate a business in Mexico, a Certificate of Incorporation must be prepared that contains the most important information about the business, including the business name, business purpose, legal form, registered office and share capital.
- Memorandum and Articles of Association: Our lawyer will draw up a memorandum and articles of association tailored to your needs, containing details of management, distribution of shares, powers of shareholders and other important aspects of the company structure.
- Verification of documents: The notary public must verify that all the necessary documents for the incorporation of the company are available, including the founders’ proofs of identity other relevant documents, when the company is incorporated in Mexico.
- Registration with the Commercial Registry: after the notary has drawn up the incorporation deed and the articles of association, he must file the documents with the Commercial Registry. This step completes the incorporation of the company in Mexico.
We have been working with the best notaries in Mexico for many years in the incorporation of companies. In Mexico, the Notary Public is an important person in the incorporation of a company, as he prepares the Certificate of Incorporation, the Articles of Incorporation and other necessary documents, and manages the registration process at the Commercial Registry.
There are a few things to consider when starting a business in Mexico. Here are some important points to consider:
- Legal form: before starting a business in Mexico, you should think about the legal form. In Mexico, there are several legal forms that can be used to start a business. The most commonly used legal forms are:
- Sociedad Anónima (S.A.): This is a corporation with limited liability. The company consists of shareholders who are liable for their contributions. The S.A. is the most common legal form in Mexico.
- Sociedad de Responsabilidad Limitada (S. de R.L.): This corporate form is equivalent to a limited liability company. The company consists of partners who are liable for their contributions. The S. de R.L. is popular with smaller businesses.
- Taxes: Mexico has a complex tax system, ranging from federal and state taxes to municipal taxes. It is important to familiarize yourself with the tax requirements and seek advice from a tax advisor or attorney if needed.
- Labor Law: Labor law in Mexico is very employee-friendly, which means that companies must adhere to strict rules and regulations. It is important to familiarize yourself with labor laws when starting a business to avoid legal problems.
- PTU: When starting a business, you should already be familiar with the PTU. PTU stands for “Participación de los Trabajadores en las Utilidades” in Mexico. It is a legal obligation for companies in Mexico to distribute a portion of their profits to their employees. Under Mexican labor law, companies are required to distribute at least 10% of their taxable profits to employees who were employed during the fiscal year. The PTU is distributed in proportion to each employee’s wage or salary in relation to the total wage or salary of all employees of the company.