Getting a VISA: National Immigration Institute.
A visa is required by foreign citizens who enter into Mexico with the purpose of looking for investment options, making an investment or supervising it, representing foreign companies or doing commercial transactions. The General Law on Population (LGP) and its By-laws (RLGP) regulate this matter in Mexico.
The proceedings shall be carried out before the National Immigration Institute. The petitioner will receive a reply within the legal term (35 calendar days).
For further information visit: http://www.inm.gob.mx/index.php/page/pagina_principal/en.html
Regulation and Registration of Foreign Investment
Responsible authority: Foreign Investment Office. Ministry of Economy. http://www.economia.gob.mx/en
Foreign legal entities who intend to perform business activities in Mexico shall obtain authorization from the Ministry of Economy.
Foreign entities that intend to set up in Mexico, even if not governed by corporate laws by the Federal Civil Code, shall obtain authorization from the Ministry of Economy.
This authorization will be granted within two weeks prior accomplishment of the following requirements:
For further information visit: http://www.economia.gob.mx/trade-and-investment/foreign-direct-investment
Procedures before the Ministry of Foreign Affairs (SRE)
Responsible authority: Legal Affairs Office. Ministry of Foreign Affairs. http://www.sre.gob.mx/en/
An authorization of the Ministry of Foreign Affairs is required for the incorporation of companies. To that effect, the Ministry of Foreign Affairs, pursuant to the provisions of Article 13 of the aforementioned regulations, shall grant authorization for the incorporation of companies solely when the intended corporate name or denomination has not been reserved by another company. Likewise, if the requested corporate name or denomination includes words or terms specifically regulated by other laws, the Ministry of Foreign Affairs shall condition approvals to the obtainment of other authorizations required by such legal provisions.
For further information visit:
Property and Commerce Public Registry, Commercial Notary and Notary Public
The PCPR is a public institution that guarantees certainty, juridical security and protection to the property, its transmission, obligations and the effects of the inscribed rights, as well as the juridical acts carried out by individuals and legal entities.
The PCPR is an institution subject to each State of the Mexican Republic responsible of providing security and publicity to certain juridical acts implicating real estate or business corporations.
For further information on PCPR, visit:
The basic function of the Public Broker is to guarantee the legal security and certainty, exerting a control of legality in the commercial transactions and other matters of federal competition, offering a professional and impartial advising with the obligation to keep the professional secret that imposes the Law, which represents a confidence element for those who use their services.
The Ministry of Economy is responsible for the application of the Public Brokerage Federal Law; through the head office of Commercial Regulation that authorize the Public Brokers, subject to the fulfill of the requirements established in the Law and supervised its functions.
Public Brokers entitled by the Ministry of Economy:
The Mexican Notary Public is a specialized attorney with advanced legal knowledge, who participates in commercial and civil matters as a public attester and legal adviser to investors, entrepreneurs and individuals.
In Mexico, acts that are executed before the presence and under the advice of a Notary Public have full evidentiary value in all courts around the country, and are an absolute guarantee of legality and legal certainty.
The Notary Public is a legal professional, who undertakes public tasks within the framework of non-contentious activities initiated by the State, and he/she performs numerous social tasks within the scope of Mexico's national society, and to this extent he/she is a public official and autonomous delegate of State's public authority.
The Notary Public shall intervene in:
Real estate purchases and sales, incorporation of companies, granting of powers of attorney, purchase and shares of companies, trusts in beaches and borders, wills and inheritances, financial and credit operations, civil and commercial arbitration, etc.
National Registry of Attesters-Notaries in the Mexican republic by entity:
Procedures before the Mexican Social Security Institute (IMSS)
Responsible authority: IMSS http://www.imss.gob.mx
Refer to this procedure, at:
Upon completion of this procedure, the companies will be automatically registered in the National Worker's Housing Fund and the Retirement Savings System.
Refer to this procedure, at:
These procedures with IMSS shall be carried out within five business days after hiring the workers.
Procedures before the National Worker's Housing Fund (INFONAVIT)
Responsible authority: INFONAVIT. http://www.infonavit.gob.mx
Pursuant to the Law, employers shall comply with the following procedures:
Expedite Business Start-Up System (SARE)
Responsible authority: Federal Commission for Regulatory Improvement (COFEMER).
The Expedite Business Start-Up System (SARE) is a scheme that promotes the opening of all kinds of companies in one business day through the identification of the minimum federal procedures necessary to complete the set up and start operations, simplification of procedures and the expeditious processing by the federal authorities.
In addition, companies performing one of the 685 business activities (agribusiness, industrial, trade and services) deemed of low public risk and that are described in the Exhibit to the Decree establishing SARE, issued in the Official Gazette on January 28, 2002, will have up to 3 months to meet other federal mandatory requirements after obtaining the Taxpayer'sRegistry Number. During that period, the federal authorities may not request information or perform visits to verify compliance with such procedures.
As regards low risk activities and their benefits, the scheme was based on the 1999 Mexican Classification of Goods and Businesses (CMAP) by INEGI. Such activities account for 80% of the most frequent businesses in our country and are susceptible of being developed by micro, small and medium enterprises.
In those activities where the Notice of Functioning is required, companies shall submit before the Ministry of Health the procedure: SSA-04-001-A Notice of Functioning, mode A initial, within 10 business days after obtaining the registration in the Federal Taxpayer's Registry.
For these procedures, refer to:
In addition, when the Notice of registration as a company that produces hazardous waste is specified in the activities carried out by the company, it shall submit before the Ministry of Environment and Natural Resources the procedure: INE-04-004-A, Notice of registration as a company that produces hazardous waste, mode A General, within three months at the most after obtaining the registration in the Federal Taxpayer's Registry.
For this procedure, refer to:
The opening of new businesses involves the three government levels; therefore it is essential to coordinate actions to make agile and reduce the corresponding procedures to the minimum.
Expedite Business Start-Up System (SARE) success depends mostly on its implementation in the States and Municipalities, since they establish regulations and procedures for a new business to incorporate and start operations in their territory.
To implement an expedite business start-up system in most of the States and Municipalities, it is necessary to add the steps for land use and the operation license.
Responsible Authority: Tax Administration Service. Ministry of Treasure. www.sat.gob.mx
Individuals or entities (companies, associations, or partnerships, among others) that are governed by the legislation of another country in light of their nationality, domicile, residence, seat of operation, and other criteria, shall be deemed foreign nationals for taxation purposes.
In order to explain the applicable tax regime, foreign nationals are distinguished as residents in Mexico or residents abroad.
Tax legislation deems the following persons as residents in Mexico:
For further information visit:
Tax legislation deems the following persons as residents abroad:
For further information visit: http://www.sat.gob.mx/sitio_internet/asistencia_contribuyente/principiantes/eres_extranjero/78_9768.html