Mexico

We assist global clients looking to do doing business in Mexico with the A to Z of business setup without the need for the client to travel to Mexico personally for the set up. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Mexico include i) The Limited Liability Company Sociedad de Responsabilidad Limitada (S.R.L.) and ii) The Corporations Sociedad Anónima (S.A.) See detailed comparison below:

Advantages and disadvantages of setting up business in Mexico:

  • Low Labor Costs. Mexico low labor costs, which makes it a great place to do business. This helps businesses to save significantly on costs while still maintaining a high level of quality.
  • Free Trade Agreements. Mexico has free trade agreements with over 40 countries, making it easier for businesses to export their products and services to new markets.
  • Strategic Location. Mexico is located in a strategic geographic location, for ease of access to the North and South American markets.
  • Skilled Labor Force. Mexico has a highly skilled labor force that is well-trained and experienced in many areas
  • Tax Benefits. Mexico offers tax incentives for businesses that set up shop in the country.
  • Government Support. The Mexican government is committed to helping businesses succeed and is willing to provide support to those that are looking to invest in the country.
  • Maquiladora system. The investments in the Maquiladorasector are exempt from certain taxes, such as income taxes, value-added taxes, and import and export taxes.
  • High Crime Rates. Mexico has high crime rates in the world, which can make it difficult to do business safely.
  • Poor Infrastructure. Poor infrastructure can make it difficult for businesses to move goods and services to customers in a timely manner.
  • Corrupt Government. Corruption is a major problem in Mexico and can make it difficult for businesses to succeed.
  • Language Barriers. Mexico speaks Spanish which can be a major barrier for non-native speakers.
  • Economic Instability. Due to economic instability experienced in the past, it may be difficult for businesses to plan for the future.
  • Cultural Differences. Doing business in Mexico requires a strong understanding of the local culture and customs, which can be a challenge to non-residents.
  • Lack of transparency in the legal and taxation processes, and since the country has a high crime rate it can be a deterrent for foreign investors.
  • A Mexican entity also requires at least one representative to be resident in the country. For Clients who do not meet this minimum office holder requirement, our team will be glad to  provide professional passive nominee legal representative services.

Important links:

Company incorporation steps in Mexico:

  1. Name Reservation: Girimba Consulting reserves a unique company name through filling the requisite application document at the Mexican Ministry of Economy.
  2. Documents Preparation: Our Team prepares the incorporation documents and emails them to our Client for signatures and email return;
  3. Certificate of Incorporation: Our dedicated Team submits an application for company registration with the register with the National Registry of Foreign Investments (Registro Nacional de Inversiones Extranjeras), and the Public Registry of Commerce (Registro Público de Comercio) and obtain a certificate of incorporation;
  4. Corporate Tax number: Our Team shall make the applications to the with Mexico’s Tax Administration Service (Servicio de Administración Tributaria, SAT) to obtain Corporate Tax Identification Number known as the RFC (Registro Federal de Contribuyentes).
  5. Other Registrations: If the Client intends to hire local staff, our Team registers the company with the Mexican Social Security Institute (Instituto Mexicano del Seguro Social, IMSS). 
  6. VAT Registration: If our client expects to make taxable income exceeding (US$387,000) within the calendar year, our Tax Agent proceeds to register the company for VAT (Value Added Tax);
  7. Bank Account Opening: Girimba Consulting also assists our client to open a local corporate bank account with a top tier bank in Mexico.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.