Mexico

Starting a Business in

Mexico

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Mexico. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in June 2013.

Compare Mexico to 188 other economies.

  • Standardized Company

  • Legal Form: Sociedad Anónima (S.A.) - Corporation
  • Paid in Minimum Capital Requirement: None
  • City: Mexico City
No. Procedure Time to Complete Associated Costs
1 Obtain the authorization of using the company name online and file the draft deed of incorporation with the notary online

The applicant can obtain authorization of using the company name online from the following website www.tuempresa.gob.mx. After the name is reserved, the entrepreneur can choose the notary public that will grant the deed of incorporation and then file the draft deed of incorporation online to the notary. The notary informs the entrepreneur by email of the appointment date to sign the deed of incorporation. This request is then filed before the Ministry of Economy, who has three business days to determine if that name may be authorized.
Less than one day (online procedure) no charge
2 Sign the deed of incorporation before a notary public, obtain Tax Registry Number (RFC) and file online the deed of incorporation with the Public Register of Commerce

If the notary public drafts or provides expert advice on the company bylaws, notary fees are generally high, from MXN 5,000 to MXN 11,000. The company charter and bylaws must be drafted before appearing before a notary public.

Certain notaries in Mexico City have signed an agreement with the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) (through the Sistema de Administración Tributaria, SAT) to grant the tax registration number. The notary who issues the tax registration number must also issue the deed of incorporation. The notary files the notarized deed of incorporation with the Public Registry of Commerce through the online portal - tuempresa.gob.mx - and obtain the tax number online as well.

It usually takes the notary 2-3 days to review the documents and process the final incorporation deed for execution by the relevant parties.
2-3 days MXN 10,500 (notary fees)+ MXN 14341 (registration fees)
3 Register with the Mexican Social Security Institute (IMSS)

The company must register with the Mexican Social Security Institute (IMSS) and the National Workers’ Housing Fund Institute (INFONAVIT) and open individual retirement savings accounts for employees. The registration is conducted before the IMSS delegation (delegación) in the company’s jurisdiction.
1 day no charge
4 Register with the local tax administration (Secretaría de Finanzas del Gobierno del Distrito Federal) for payroll tax

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

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

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

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

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