When examining a jurisdiction in which to incorporate, the first thing to look at is the legal code. The underlying law in Mexico is civil law law. You will want to get some local advice as to how to best structure a company in Mexico. Electronic signatures are permitted.
The letters MX is for Mexico and the most common company type in Mexico is a LLC.
You should expect a wait time of 2-3 Days to incorporate a LLC in MX. The types of currencies you can use to setup your legal entity is often any legal currency.
Yes, one is allowed to re-domicile a LLC from MX. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least This means it is not possible for you to own a LLC in Mexico as a sole shareholder. You must have other shareholders, they can be nominees or de facto shareholders. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is permitted, up to 100% of the total shareholding.
A legal entity is only required to have one director. Speaking of shareholders, corporate directors are not permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for an agent which can receive any lawsuit papers on behalf of the company. A related requirement, a company secretary is required by law.
There is a requirement to file accounts to relevant authorities. Consequently, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Mexico Civil Law is 50,000.00.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Mexico, SIEM. Shareholders are disclosed in the SIEM.
Typically companies take 2-3 days to setup and there are 1 director(s) required and 2 shareholder(s) required at the time of incorporation.
Overall we think Mexico is a good option and have given it a score of 75 as an IO score, using the Incorporations.IO proprietary formula.
2-3 Daysto form