Open a Business in Mexico | 2022 Guide
Open a Business in MexicoUpdated on Tuesday 02nd August 2022
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Mexico is an important financial center on an international level and a country that sustains foreign direct investments in most of the important industries. Opening a business in Mexico in 2022 as a foreign entrepreneur requires complete knowledge about the legislation and also about the business culture which is different from European or Asian countries. Most of the company requirements respect the international standards, but for a better understanding of how you can open a business in Mexico, we recommend you get in touch with our team of lawyers in Mexico.
|Types of companies which can be started by foreigners||
Minimum share capital
for LTD Company and paid in requirement (Yes/No)
Fifty thousand Mexican pesos
Minimum number of
shareholders for Limited Company
|Time frame for the incorporation||
|Corporate tax rate||30%|
|Dividend tax rate||
|No. of double taxation treaties (approx.)||59 tax treaties|
|Do you supply a Registered Address/Virtual Office?||Yes|
|Local Director Required||Yes|
|Annual Meeting Required||Yes|
|Electronic Signature||Electronic signatures are legally recognized in Mexico.|
|Is Accounting/Annual Return Required?||Yes|
|Any tax exemption available? (offshore income, dividend income, etc.)||Income exempt|
|Any tax incentives (if applicable)||Yes|
Establishing a business in Mexico
Key considerations for establishing a business in Mexico
Find business opportunities: before initiating a business in a foreign country, an individual must identify chances of succeeding there. It is recommended not to enter a foreign market without any legal assistance. If you want to open a business in Mexico, you are welcomed to get in touch with our local lawyers. They will also help you in the procedure of obtaining business licenses in Mexico.
Business form: you must select the type of company that suits your business needs. Please remember that the tax burden and other corporate requirements may vary depending upon the kind of company you pick;
Expert move: if you want to excel in your business, it is necessary to identify and define the main economic activity of your legal entity, which is also a requirement set by Mexican authorities;
Legal representative: once you start a company in Mexico, you must hire a legal representative. Our Mexican attorneys can do this job for you; they will help you with legal documents to carry out business transactions with clients and partners;
Corporate tax: when you open a business in Mexico or anywhere else in the world, you need to deal with the corporate tax obligations. However, it is hard to understand the tax regulations of foreign countries, so our lawyers in Mexico will provide you with legal backing in navigating your taxes in this country. In addition, their assistance will help you to maintain your good standing status with the local authorities.
How can I open a company in Mexico in 2022?
the Articles of Association need to contain information about the owners, the activities, the minimum share capital, information about the legal representative;
the incorporation is made by the Registry of Foreign Investments in Mexico;
the application for tax purposes is the next step for registered companies in Mexico;
all the documents need to be translated in Spanish and notarized at the Public Notary.
Can I open a branch in Mexico?
Taxes in Mexico
Foreign direct investment (FDI) in Mexico
In Mexico, the total stock of foreign direct investment was estimated at USD 597 billion in 2020;
The United States invested 39.1% as a top investing country in Mexico’s investment sectors;
Germany invested 3.5%, which is also a significant investor;
Canada made an investment of 14.5% in the investment sectors of Mexico;
Japan, as another leading investing country, invested 4.2% in this country.