Types and requirements for registering a Mexican company

Mexico is one of the countries where Chinese companies engage in investment cooperation in Latin America. At present, Chinese companies' cooperation in Mexico mainly involves fields such as energy, telecommunications, infrastructure, manufacturing, mining, and finance. Its huge market potential has attracted the attention of more and more large, medium, and small enterprises and investors, who have chosen to establish their own companies, build international structures, and establish international brands in Mexico.

Types and characteristics of Mexican companies

What is the minimum registered capital in Mexico5Ten thousand pesos, equivalent to2.5Ten thousand RMB. No capital verification required.

There are various types of companies in Mexico, mainly including the following:

1.Joint stock company（SOCIEDADANONIMA DE CAPITAL VARIABLE）,The Spanish abbreviation isS.A.DE C.V.) Joint stock companies are the most common type of company, widely used in various fields such as trade, commerce, import and export, catering, etc. Its characteristics are: there must be two or more partners; There is no regulation on the equity ratio of partners. This type of company can go public with varying registered capital, also known as a variable registered capital joint-stock company.
2.Limited Liability Company（SOCIEDAD DERESPONSABILIDAD LIMITADA）,The Spanish abbreviation isS.DE R.L.Limited liability companies cannot go public and are generally small companies.
3.Civil company（SOCIEDAD CIVIL）,The Spanish abbreviation isS.CCivil companies cannot engage in commercial activities, but can only engage in companies that provide services such as law firms and accounting firms.
4.Civil Association（ASOCIACION CIVIL,The Spanish abbreviation isA.C.) Civil associations are similar to foundations and other institutions, and can only engage in social welfare work.
5.Private aid organizations（INSTITUCION YASISTENCIAPRIVADA,The Spanish abbreviation isI.A.P.) Private aid organizations are generally consistent with civil associations, but the former is recognized by the Mexican government, while the latter only requires registration and does not require government approval.
6.Cooperative society（SOCIEDAD COOPERATIVA,Its abbreviation is the same as that of a civil company, so it is stipulated that abbreviations cannot be used and the full name must be used. Cooperative societies are employee partnerships, similar to the collective ownership system in China before.

There are various types of companies in Mexico, but the most commonly used type for registration is joint-stock companies（SOCIEDADANONIMA DE CAPITAL VARIABLE）,The Spanish abbreviation isS.A.DE C.V.) Due to its easy registration and flexible use, it is widely applicable in various fields such as trade, commerce, import and export, catering, etc. Its characteristics are: there must be two or more partners; There is no regulation on the equity ratio of partners. This type of company can go public with varying registered capital, also known as a variable registered capital joint-stock company.

If you want to establish a company in Mexico, you must register the company through a notary public.

1.Place of registration：The registered location of a Mexican company may differ from its actual business address, without affecting the company's use and development. Mexico City is quite crowded, with high registered capital taxes and fees. Additionally, there are address fees, so it is not recommended as a company registration location. The registered address of a Mexican company can be easily changed.

2. Registration time： The general time required for registering a Mexican company is60Working days.

3.Registration required documents：If you have obtained Mexican citizenship, you only need to provide a scanned copy of your Mexican voter ID card. If you still hold a Chinese passport, you need to provide a scanned copy of the passport within its validity period. In addition, at least five new company names, in English or Spanish, must be provided for fair selection from other names provided by the registrant if the preferred name has already been registered by others. In addition, there are fixed registration text styles for various types of companies. Registered individuals can access the content according to their own needsIncrease or decrease the business scope, and try to retain as much business scope as possible, so that the registration documents can still be applicable when the company changes its business scope in the future.

4.Registration Approval：After submitting the company registration documents, Fair Action needs to go through a series of procedures, mainly reporting to the Department of Legal Affairs of the Mexican Ministry of Foreign Affairs（DIRECCION GENERAL DE ASUNTOS JURIDICOS)Approval, and finally, it needs to go through the state or government property registration bureau（REGISTRO PUBLICO DE LA PROPIEDAD）The approval. But the formal fair registration documents need to be obtained from the Mexican Notary Public Association（COLEGIO DE NOTARIOS）You can only come out after registration. However, the registration time is relatively long. Therefore, the recipient does not need to wait for the official registration documents. After completing the registration procedures at the fair bank, they can ask the fair bank to issue a legally binding confirmation text first（CERTIFICADO）。

After receiving the confirmation text, first go to the tax bureau under the Mexican finance department where the company is located to apply for a tax number, and then go to the bank to open a company account. The company can then operate. If the recipient is engaged in import and export business, they also need to bring relevant documents to the General Administration of Customs of the Ministry of Finance to apply for import and export permits.

5. proxy registration：For the sake of saving time and effort, the recipient may entrust an agency company (such asZhuozhi Enterprise）Cross border processing. General import and export rights require separate application. If the recipient is engaged in the import of food or other special products, in addition to the general import permit, they also need to apply for a departmental special import permit. After completing the company registration documents, the tax number of the finance department, and the import and export approval documents, the company can officially engage in import and export business. The entire process usually takes about three months for a general agency to handle. Chinese companies only need to provide a power of attorney to the agency, confirming the names of shareholders, company nature, shareholding ratio, and business scope. No need to go to Mexico in person.

That's all for the introduction of Mexico company registration by Xiaochun. If there are any unclear or inadequate introductions, please feel free to come and exchange ideas, discuss and learn at any time——Xiaochun