How to Incorporate a Company in Mexico 2018
Are you thinking about starting your own business in Mexico this year? If so, you are in the right place. In this article we will tell you all the necessary steps to establish a company in Mexico in 2018. From choosing the name to obtaining the necessary permits and licenses, we will guide you every step of the way. In addition, we will provide you with updated information on the legal and tax requirements that you must comply with to ensure the success of your company in this very competitive market. It doesn't matter if you are a novice entrepreneur or if you already have experience in business, here you will find all the information you need to carry out your business project successfully. Don't waste any more time and start shaping your business dream in Mexico!
– Step by step -- How to Incorporate a Company in Mexico 2018
Step by step -- How to Establish a Company in Mexico 2018
- Investigate the viability of the business: Before establishing a company in Mexico in 2018, it is important to carry out exhaustive research to determine the viability of the business you want to start. Examine the market, the demand, the competition and evaluate if your business idea is feasible.
- Choose the legal structure of your company: In Mexico, there are different ways to establish a company, such as a Public Limited Company (SA), a Limited Liability Company (S. de RL), or a Natural Person with Business Activity. Analyze each option and choose the legal structure that best suits your business.
- Prepare the necessary documents: To establish a company in Mexico in 2018, you must prepare different legal documents, such as the articles of incorporation, power of attorney, proof of address, official identification, among others. Make sure you have all the necessary documents before proceeding.
- Registration before the Tax Administration Service (SAT): One of the crucial steps to establish a company in Mexico is to register with the SAT. This is done to obtain a tax identification number (RFC) that will be necessary to carry out tax procedures and obtain invoices. Prepare the required documents and request your registration.
- Registration in the Public Registry of Property and Commerce (RPPyC): It is important to register your company in the RPPyC to obtain legal recognition and protection of your rights as an entrepreneur. Gather the necessary documents and complete the corresponding registration process.
- Obtaining permits and licenses: Depending on the nature of your business, you may need to obtain additional permits and licenses. Be sure to research the specific requirements for your type of business and apply for the appropriate permits from the relevant authorities.
- Opening a business bank account: Once you have completed the previous procedures, it is advisable to open a business bank account to maintain adequate financial control. Choose a bank that fits your needs and present the necessary documentation to open the account.
- Hiring of personnel and registration with the Mexican Institute of Social Security (IMSS): If you plan to hire employees, you must register with the IMSS to comply with tax and insurance obligations. social Security. Be sure to familiarize yourself with labor laws and carry out the corresponding procedures.
- Comply with tax and labor obligations: Once you have established your company in Mexico in 2018, it is essential to comply with tax and labor obligations. File your tax returns in a timely manner, keep adequate accounting records and make sure you comply with labor laws to avoid penalties or legal problems.
- Start operations: Congratulations! Now that you have incorporated your company in Mexico in 2018 and completed all the legal procedures, it is time to start operations. Focus on the growth of your business, provide good service to your clients and constantly look for opportunities of improvement.
FAQ
What is the first step to establish a company in Mexico in 2018?
- The first step to establish a company in Mexico in 2018 is to decide the legal form that best suits your business. The most common options are:
- Natural Person with Business Activity (PF)
- Limited Liability Company (SRL or LLC)
- Public Limited Company (SA)
- Simplified Joint Stock Company (SAS)
- Cooperative Society (SC)
What documents do I need to “establish a company” in Mexico in 2018?
- The documents necessary to establish a company in Mexico in 2018 may vary depending on the legal form chosen, but generally the following is required:
- Current official identification of the partners or shareholders.
- Proof of address of the partners or shareholders.
- Articles of incorporation duly signed and notarized.
- Federal Taxpayer Registry (RFC) of the company.
- Proof of compliance with tax obligations.
What are the necessary legal procedures to establish a company in Mexico in 2018?
- The legal procedures necessary to establish a company in Mexico in 2018 may vary, but the most common are:
- Prepare and sign the articles of incorporation before a notary public.
- Register the company in the Public Registry of Commerce.
- Obtain the Federal Registry of Taxpayers (RFC).
- Register the company in the Mexican Social Security Institute (IMSS).
- Obtain the Operating License in the corresponding municipality.
What are the tax obligations of a company in Mexico in 2018?
- The tax obligations of a company in Mexico in 2018 include, among others:
- Submit periodic tax returns, such as Value Added Tax (VAT) and Income Tax (ISR).
- Keep accounting and keep it updated.
- Withhold and report taxes from employees.
- Send accounting and tax information to the Tax Administration Service (SAT) electronically.
- Pay annuities and comply with other tax obligations specific to your line of business or activity.
What are the benefits of establishing a company in Mexico in 2018?
- Some benefits of establishing a company in Mexico in 2018 are:
- Have its own legal personality.
- Access credits and financing.
- Have greater trust and credibility with suppliers and customers.
- Obtain fiscal and tax benefits.
- Have the possibility to grow and expand the business legally.
How long does it take to establish a company in Mexico in 2018?
- The time needed to establish a company in Mexico in 2018 may vary, but as a reference, the process generally takes:
- 1 to 2 weeks to prepare the documents and obtain the articles of incorporation.
- About 1 week to complete the procedures and get the Federal Taxpayer Registry (RFCs).
- Up to 1 month to complete all legal procedures and obtain the Operating License.
What are the costs of establishing a company in Mexico in 2018?
- The costs of establishing a company in Mexico in 2018 may vary, but generally include the following expenses:
- Fees of a notary public for the preparation and signing of the articles of incorporation.
- Payment of registration fees in the Public Registry of Commerce.
- Fees of an accountant to obtain the Federal Taxpayer Registry (RFC).
- Payment of municipal fees and requirements to obtain the Operating License.
Do I need to hire an accountant to establish a company in Mexico in 2018?
- It is not mandatory to hire an accountant to establish a company in Mexico in 2018, but it is highly recommended since an accountant can advise you on the tax and accounting aspects of the process. Your services may include:
- Assists in preparing the required documentation.
- Advice on the choice of the most appropriate legal form.
- Preparation of financial statements and projections.
- Advice on compliance with tax obligations.
How can I get financing for my company in Mexico in 2018?
- Some options to obtain financing for your company in Mexico in 2018 are:
- Request a bank loan.
- Look for investors or partners to contribute capital.
- Explore government financial support programs.
- Consider crowdfunding as an option.
- Research grants and financing funds for businesses.