{"id":8602,"date":"2018-05-08T19:22:07","date_gmt":"2018-05-09T00:22:07","guid":{"rendered":"http:\/\/quadranslawandfinance.com\/?p=8602"},"modified":"2018-06-25T13:58:08","modified_gmt":"2018-06-25T18:58:08","slug":"business-person-in-mexico","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/business-person-in-mexico\/","title":{"rendered":"What you must know to become a business person in Mexico"},"content":{"rendered":"<p><span style=\"color: #000000;\">Having a company or society in Mexico requires to accomplish a series of paper work, and overall as a business person one must have the capacity of making the right choices.<\/span><\/p>\n<h2><span style=\"color: #000000;\">Consider the following:<\/span><\/h2>\n<ul>\n<li><span style=\"color: #000000;\">\u00a0Define the concept of the company you will create to consider the possibilities of growth.<\/span><\/li>\n<li><span style=\"color: #000000;\">Decide what type of company you wish to build.<\/span><\/li>\n<li><span style=\"color: #000000;\">Choose the people that will belong to the company and have information of each one of them.<\/span><\/li>\n<li><span style=\"color: #000000;\">Determine the capital amount the partners will contribute with and if only you will have national partners or if you will also get foreign capital.\u00a0<\/span>*<span style=\"color: #000000;\">If foreign contributions are to be authorized, the type of shares the company has will be delimited.<\/span><\/li>\n<li><span style=\"color: #000000;\">Establish the time the company will last and the address were the main activities will be held.<\/span><\/li>\n<\/ul>\n<h3 style=\"text-align: center;\"><span style=\"color: #000000;\"><a style=\"background: url('http:\/\/twitter.antoniorull.com\/img\/tuit.png') right top no-repeat rgba(0, 152, 209, 0.1); padding-right: 15px; color: #000000;\" href=\"https:\/\/twitter.com\/intent\/tweet?url=http%3A%2F%2Fquadranslawandfinance.com&amp;text=The%20right%20planning%20and%20legal%20advice%20will%20help%20you%20to%20start%20your%20company%20correctly. \" target=\"_blank\" rel=\"noopener\">The right planning and legal advice will help you to start your company correctly.<\/a><\/span><\/h3>\n<h2><span style=\"color: #000000;\">Requirements for creating a company:<\/span><\/h2>\n<ol>\n<li>\n<h4><span style=\"color: #000000;\">Application to the Ministry of Foreign Affairs (SRE)<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Yo must have 5 possible social denominations according to the preference order for your company. This step must be done to be sure there is no other company already working in the country or overseas with the same social denomination.<\/span><\/p>\n<ol start=\"2\">\n<li>\n<h4><span style=\"color: #000000;\">Create and notarized the incorporation of the company<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">When the SRE gives you the set of proposals for the social denomination, you must create the Incorporation of the company (Acta Constitutiva), this document contains the basic and general information about the company: social denomination, objective, type of company, administration and control, time span, etc.<\/span><\/p>\n<p><span style=\"color: #000000;\">When the company is created, the Incorporation must be notarized by a Public Notary.<\/span><\/p>\n<ol start=\"3\">\n<li>\n<h4><span style=\"color: #000000;\">Enrollment at the Tax Administration Service. (SAT)<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">When the Incorporation is already legalized, the SAT enrollment must be done. This gives you the Tax Identification Card which contains the Federal Registration of Taxpayers (RFC)<\/span><\/p>\n<ol start=\"4\">\n<li>\n<h4><span style=\"color: #000000;\">Enrollment at the Public Records of Property and Commerce.<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">To register the company and the properties in it, its objectives, and commercial goals at the Public Records of Property and Commerce, you must have the Incorporation document, the RFC and the power of attorney that allows the legal owner make the company&#8217;s formalities.<\/span><\/p>\n<ol start=\"5\">\n<li>\n<h4><span style=\"color: #000000;\">Registration at the Social Security Mexican Institute (IMSS)<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Personal contributions must be made to the social welfare of each worker in the company, if they aren&#8217;t done on time, you may get a fee from the IMSS.<\/span><\/p>\n<ol start=\"6\">\n<li>\n<h4><span style=\"color: #000000;\">Enrollment to other required agencies.<\/span><\/h4>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">Depending on the company&#8217;s main line of business the enrollment to other agencies might be required, the must common are the Health Secretary, Ecology and Environment Secretary, Mexican Institute of Intellectual Property, et. Besides the city formalities or state formalities must be considered depending on the geographic location where the company will be.<\/span><\/p>\n<p><span style=\"color: #000000;\">With Quadrans you shouldn&#8217;t worry about losing the formalities, our specialists will have everything on time and correctly\u00a0 to simplify you each procedure. Rest assured that your company or society is well established.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"color: #000000;\">Legal and accounting consulting at Playa del Carmen<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Having a company or society in Mexico requires to accomplish a series of paper work, and overall as a business person one must have the capacity of making the right choices. Consider the following: \u00a0Define the concept of the company you will create to consider the possibilities of growth. Decide what type of company you [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-8602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What you must know to become a business person in Mexico - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/business-person-in-mexico\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What you must know to become a business person in Mexico - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"Having a company or society in Mexico requires to accomplish a series of paper work, and overall as a business person one must have the capacity of making the right choices. 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