Mexico is located in North America and boarders the Caribbean Sea and the Gulf of Mexico. The Mexican economy is full of potential, due to a number of bilateral agreements and the North American Free Trade Agreements. Mexico trades with the US more that Argentina and Brazil combined, and more per person than China. The US market accounts for 80% of Mexico’s exports. The World Bank ranks Mexico as the 6th easiest place in Latin America to do business, way ahead of Argentina (22nd) and Brazil (26th). Registering a business in Mexico takes just nine days, compared with Argentina where it takes 26 days. In Brazil companies spend 2,600 hours a year filling taxes, six times more than in Mexico. GDP in Mexico posted positive growth of 5.4% in 2010 and 3.8% in 2011, and the country is poised for a growth rate of over 4% for 2012. CompanyRegistrationsWorldwide.com can assist you in the company formation process in Mexico, allowing you to easily access this exciting market.
There are a number of types of companies which can be set up in Mexico, including:
- Sociedad Anónima
- Sociedad de Responsabilidad Limitada (Limited Liability Company)
- General Partnership
- Mexican Branch
Setting up a Mexican Sociedad Anónima – what are the main features?
- The shareholder’s liability is limited to their stock interest in the company
- Directors are fully liable for the loyal and diligent administration of the company
- Must have at least two shareholders and a minimum capital of N$50.000.00 for which 20% must be paid at the time of incorporation
- A statutory examiner must be appointed who is a disinterested third party who supervises the operations of the company and represents the interests of the shareholders
- The shares which represent the capital stock of the company are freely transferrable and can be traded publicly
Setting up a Mexican Limited Liability Company – what are the main features?
- The partners’ liability is limited to their partnership interest in the company
- The directors will be fully liable for the loyal and diligent administration of the company
- It must have at least two partners to a maximum of 50 and a minimum capital of N$3,000.00, for which 50 % must be paid at the time of incorporation
- There is no requirement to appoint a statutory examiner
- The shares which represent the partnership interests in the company must not be freely transferrable and cannot be traded publicly
Setting up a Mexican Branch – what are the main features?
- A foreign company may operate through branch offices in Mexico
- As foreign companies are legally recognized in Mexico, they retain their liability characteristics from abroad
Contact CompanyRegistrationsWorldwide.com for more information on setting up a company in Mexico.