Several years ago it was very difficult to create a new business in Mexico or a industrial development due to the bureaucracy in the country, even in some states still be difficult and exhausted. It existed a lot of formalities papers to do that could spend weeks and sometimes months and so, it made people abandon his goals and any other intension of creating a new business. Fortunately, the Mexican formalities has changed over the years, although, it still be some difficulties in any cases, but now it has become easier to do business.

Firstly, you need a use permit salary, in some states it can be organized in municipal seats and in some cases in The Federal District of the state you organize it in the one-stop shop of each delegation or in the Secretary of Urban Development, located in San Antonio Abad, number 32. The formality cost of the city of Mexico is $891,50. Although, each state has its own cost. The requirements are different in each state, but it’s not complicated. Formalities can probably spend five days long and the permission can spend more than two years and it is easy to renewable.

The second requirement to build a business in Mexico is a free formality called opening statement warning of commercial establishments and it is in the one-stop shop located in delegations and municipal seats. In the case of Federal District And also in some states can be organize by Internet. It is a immediately formality, you will wait only one day.

The third step says that the business in Mexico that sale ancho or are not classed as a high impact, do not require the operation’s license. The operation’s license is for all business that sale alcohol as restaurants, bars, hotels, etc. there is two types of license: the A for hotels, restaurants and the B for bars and pups. In the case of ballrooms it require a special license. The license has different prices depending of the state. And it validity for three years that can’t be renewable easily.

Another one is the outdoor advertisement, this formality as the other ones, is in the same one-stop shop delegation or a municipal seats. The cost and time can variate in each state, it depends of the size and the type of advertisement. In some places it is prohibited bright ads and there are some ads consider in-morals in other states.

Finally, you must be register in the Contributors of Federal Register or in the Principal Secretary and Public Credit, by the regime that it is better for you. You can have an accountant, in case of being a moral entity, first you have to be registered at the Mercantil Society in the Economic Secretary by Internet. You can even register after a month you opened your business in Mexico.

As you can see, all the requirements are very easy, they will give you the steps you need to follow to start your industrial development or your business in Mexico.

Bimex can help provide supporting services to your operations and staff, let us help you to get it right!

There are a few steps to consider if residents and/or foreigns want to invest specially in Mexico, but before getting knowledge of those steps you must know what is the SAT, what is its mission and its vision:

The administration of tax service (SAT) acronym in Spanish, is a the defense secretary and public credit body, that has the responsibility to apply tax law and customs, with the purpose to get proportional contribution and public equal spending by physical and legal entities; to tax the contributors to comply with tax and customs arrangements; to ease and encourage voluntary fulfillment, generate and provide the necessary information for the test of the political tax. It’s mission is to collet the tax and customs resources that the law gives, endowing to the contributor the tool needs to ease the voluntary fulfillment. And it’s vision is to be a modern institution which gives the voluntary fulfillment to the contributors by simple processes.

Now that you know what is SAT, you can know all the steps that you need for invest in Mexico. Firstly, you need to get your VISA to keep going with your financial businesses in Mexico with the purpose of knowing different alternatives of investments, make a directly investment or supervise it. The general population law and its rules are the ones who regulate in Mexico.

To explain specifically the tax regime in this case, it must be divided the residents and foreigns:

Mexican Residents: it considers them only physical, moral and national foreigners that had stablished live in Mexico, when they get a house in another country, they can be consider as Mexican residents if more than 50 % of its annual income are coming from a Mexico or if they are from its professional financial activities that are located in the country. Physical foreigners from Mexican nationality that work or are being part of the government, even when the principal position is out of the country. Also, moral foreigners that had constitute by as Mexican law as had stablished in Mexico the principal financial position or it’s located place.

Foreigners residents: tax regime consider physical, national or foreigners residents, that doesn’t have its own home in Mexico, however, if they have a house in Mexico, they will consider foreigners residents if in the country have their vital interests.

Bimex can help provide supporting services to your operations and staff, let us help you to get it right!