#

Ease of Doing Business in

Mexico

Mexico Download Profile (2061.3KB, pdf)
Region Latin America & Caribbean
Income Category Upper middle income
Population 127,017,224
GNI Per Capita (US$) 9,710
City covered Mexico City, Monterrey

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 47 45 down
2
72.29 71.95 down
0.34
Starting a Business 93 72 down
21
85.74 86.92 down
1.18
Dealing with Construction Permits 83 87 up
4
69.79 68.91 up
0.88
Getting Electricity 98 84 down
14
68.32 70.11 down
1.79
Registering Property 101 111 up
10
61.05 56.89 up
4.16
Getting Credit 5 5
-
90.00 90.00
-
Protecting Minority Investors 53 51 down
2
60.00 60.00
-
Paying Taxes 114 112 down
2
65.81 65.85 down
0.04
Trading across Borders 61 60 down
1
82.09 82.09
-
Enforcing Contracts 40 42 up
2
67.01 65.69 up
1.32
Resolving Insolvency 30 29 down
1
73.11 73.03 up
0.08

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Viewing the data for

DB 2017 DTF (% points): 85.31

DB 2016 DTF (% points): 86.74

Change in DTF (% points): down1.43

Standardized Company
Legal form: Sociedad Anónima (S.A.) - Corporation
Paid-in minimum capital requirement: MXN 1
City:
Indicator Mexico City Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 8.0 8.3 4.8
Time – Men (days) info_outline 8.5 31.6 8.3
Cost – Men (% of income per capita) info_outline 19.1 31.5 3.1
Procedure – Women (number) info_outline 8.0 8.3 4.8
Time – Women (days) info_outline 8.5 31.6 8.3
Cost – Women (% of income per capita) info_outline 19.1 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Obtain the authorization of using the company name online

    Agency: Ministry of Economy (Secretaría de Economia)

    The applicant can obtain the authorization of using the company name online at www.tuempresa.gob.mx. After the registration in the website, the entrepreneur provides the company name it wishes to use. The Secretariat of Economy will first check its availability and then proceed if it complies with the legal framework. The authorization is issued via email and is valid for 2 days.
    2 days no charge
    2

    Notary prepares the deed and parties sign it at the notary public

    Agency: Public Notary

    This procedure consists in the formalization of the company’s charter by the notary. Upon receipt of authorization regarding the company name, the notary proceeds to notify of the use of the corporate name and drafts the articles of incorporation in order to be duly signed by the partners. The founding partners must provide their general personal information and present their official identifications and their Tax IDs.
    In order to publicize the act of incorporation, companies registered must file the deed of incorporation with the Public Registry of commerce
    The notary public is in charge of making the registration of the articles of incorporation at the Public Registry of Commerce whether in person or through remote electronic means. The following documents are required: (i) a duly notarized articles of incorporation (+ a copy) and (ii) a document certifying age above 18 years old.

    It usually takes the notary 2-3 days for the notary to review the documents and process the final incorporation deed for execution by the relevant parties.
    2 days on average MXN 10,500 (notary fees) + MXN 15,950 (registration fees)
    3

    File the deed of incorporation with the Public Registry of Commerce

    Agency: Public Registry of Commerce

    In order to publicize the act of incorporation, companies registered must file the deed of incorporation with the Public Registry of commerce
    The notary public is in charge of making the registration of the articles of incorporation at the Public Registry of Commerce whether in person or through remote electronic means. The following documents are required: (i) a duly notarized articles of incorporation (+ a copy) and (ii) a document certifying age above 18 years old.
    Once the fees are paid the information is uploaded into the Siger system (http://www.siger.gob.mx) the pre-coded forms are filled out with information included in the articles of incorporation, then they are sent to the Public Registry of Commerce and enrollment takes place immediately.
    Half a day (online procedure) Included in procedure 2
    4

    Obtain Tax Registry Number (RFC) at the the Sistema de Administración Tributaria, SAT

    Agency: Sistema de Administración Tributaria, SAT

    The company must obtain a tax ID number (Registro Federal de Contribuyentes "RFC") at the Ministry of Finance and Credit, Secretaría de Hacienda y Crédito Público. Notaries are able do obtain it via the online portal (http://www.rfc-sat.com.mx/). He/she submits the information on the company and retrieves the RFC and the Tax Identification Card in pdf format.

    The entrepreneur can also obtain the RFC but needs to go in person to the service center to obtain an electronic signature.
    Half a day (online procedure) , 2 days if done by the entrepreneur No charge
    5

    Register with the Mexican Social Security Institute (IMSS)

    Agency: Mexican Social Security Institute (IMSS)

    This is a federal procedure that is performed to enroll at least one worker in Social Security. Information is available in person, by phone and on the agency’s website: http://www.imss.gob.mx/ The employer must file AFIL02 format. The application may be pre-submitted online and then visit the agency’s office where the entrepreneur will obtain his registry May be performed pre-internet high and then go to the IMSS administrative sub-delegation where the employer and the record high for at least one worker is obtained. The process is regulated by the Social Security Act and the Regulations of the Law on Social Insurance regarding Membership, Business Classification, Collection and Taxation. At the same time the company registers with the IMSS, registration at the National Worker’s Housing Fund Institute (INFONAVIT) takes place and individual retirement savings accounts for the employees (Afore) are opened.
    1 day no charge
    6

    Register with the local tax administration (Secretaría de Finanzas del Gobierno del Distrito Federal) for payroll tax

    Agency: Ministry of Finance and Credit

    The company must register with the local tax administration after registering with the IMSS. The local office can be found at www.finanzas.df.gob.mx. The tax registration number and the company’s postal code are required to register.
    1 day no charge
    7

    Notify the local government (Delegación) online of the opening of a mercantile establishment.

    Agency: Local tax administration

    The notice of opening a mercantile establishment is fully completed online through the website www.sedeco.df.gob.mx. For low risk activities, the notification record is received automatically in an email.
    Less than one day (online procedure) no charge
    8

    Register with the National Business Information Registry (Sistema de Information Empresarial, SIEM)

    Agency: Local Government Office or Delegation

    Mandatory registration with the National Business Information Registry (Sistema de Information Empresarial, SIEM) has been in effect since January 1997. The company will be registered with the specific chamber corresponding to its corporate purpose or activities. The cost varies with the number of employees and the company’s activities as shown below.

    Fees for industry related activities (maximum fees)
    -6 or more employees $ 670
    -3 to 5 employees $ 350
    -Up to 2 employees $ 150

    Fees for commercial and services related activities (maximum fees):
    -4 or more employees $ 640
    -3 or less employees $ 300
    -Up to 2 employees $ 100

    1 day The costs can vary from MXN $100 to MXN $670