Starting a business in Mexico as a foreigner is possible and can be the key to unlocking new opportunities. However, the process involves several legal and practical steps that must be followed. TaxId
Why Mexico?
Mexico offers a dynamic market and welcoming communities, making it ideal for expats—with the right support. Navigating bureaucracy, meeting legal requirements and adapting to local business culture are essential for success.
Key Steps to Start Your Company
- Choose Your Business Structure
Decide whether to operate as an individual or set up a company (S.A. de C.V., S. de R.L.). Mexican law allows foreigners to own companies, but you must clarify your model before incorporating. - Secure Residency and Obtain Your RFC
A legal residency permit is essential to be recognized as a business operator, and you’ll need an RFC (Registro Federal de Contribuyentes) for tax purposes. - Company Incorporation
The process must be completed with a Mexican notary. Requirements may include multiple partners and various documentation, varying by company type. - Open a Business Bank Account
Most banks require incorporation documents, official ID, RFC, and proof of address. A Mexican resident legal representative may be needed. - Register with SAT and IMSS
You must register your business with the tax authority (SAT) and the social security agency (IMSS) if hiring employees, to ensure compliance with Mexican law. - Ongoing Tax and Reporting Obligations
Monthly and annual tax filings, electronic invoicing (CFDI), and strict reporting to government entities are mandatory. - Local Expert Support
Laws and processes change frequently. Getting help from bilingual professionals saves time, avoids mistakes, and lets you focus on growing your company.
How Mexico Life Concierge Helps Expats
At every step, Mexico Life Concierge is your ally.
- Immigration & Legal: Visas, documents, translations, and guided visits to government offices.
- Housing: Assistance with fiscal address, rentals, and contracts.
- Lifestyle: Setting up bank accounts, utilities, vehicles and everyday services.
- Personalized Concierge: Ongoing support for paperwork, emergencies, and business growth.
Sources:
- TAXID: “Quick Guide for Foreigners Who Want to Start a Business in Mexico”
- Wise: “Starting a Business in Mexico as a Foreigner” wise
- ExpatDen: “How to Start a Business in Mexico as a Foreigner” expatden
- TallyLegal: “How to Start a Business in Mexico as Foreigner?”
- Mexico Life Concierge: Nuestros servicios
Ready to launch your business and thrive as an expat?
Don’t navigate this alone! Let Mexico Life Concierge handle the details and legalities for you. Click here for a full list of our services and book a personalized consultation:
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