Mexico’s 2018 economic outlook is positive. The World Bank Guide reports positive trends in both overall “doing business” outlook and ease of starting a business. Especially for US companies, now is the time to get to know the markets of our neighbors to the South. Let IBCF make it easy to expand to Mexico.
IBCF Services in Mexico
- Entity Formations and Foreign Registrations
Forming a limited company in Mexico can be relatively straightforward, though it’s not inexpensive by U.S. standards. Like most Latin American countries, there are no forms, but rather companies are created through notarial or public deeds. Mexican notaries are “super lawyers”, and much of the costs for formation are due to rules governing the document preparation. The process goes through several bureaucracies, but overall, the time required for formation is about 6 – 8 weeks. A Mexican SRL (Sociedad de Responsibilidad Limitada) or limited liability company/partnership requires at least 2 partners, whether the partners are individuals or companies. The registered office is where the company will receive all official notices. There are many options for a registered office, including serviced offices, and Mexican law requires that a company has a physical registered office.
- Registered Agent/Registered Office
For additional information about this service, speak with a corporate specialist directly at +1 845 398 0900 or complete the contact form and a corporate specialist will contact you shortly.
- Document Retrievals (i.e Good Standing, Certified Copy)
There are 32 states in Mexico, including the Federal District (Distrito Federal, where Mexico City is located). Within each of those 31 states are Mexican Public Registries of Property and Commerce (Registro Público de la Propiedad y de Comercio) in major cities. Depending on the document required, we can assist with finding the right certificate or extract from any of the public registries.
IBCF has experts on the ground in Mexico City (the capital) and throughout the country, with extensive experience obtaining apostilles and legalizations from international consulates in Mexico City. IBCF can manage the entire legalization process from obtaining the documents at the respective Public Registry to apostilles/legalizations at the Ministry of Foreign Affairs and on to be legalized at the consulate of the recipient jurisdiction. Documents are returned in Spanish, and translations, as necessary, can also be handled by IBCF to ensure acceptance by the receiving institution.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
IBCF can also conduct lien and judgment searches, as well as public record searches which comprise over 70 databases and information sources, for both companies and individuals in Mexico. The Registro Unico de Garantias (RUG) is the closest equivalent to a UCC system in Mexico and is a commonly requested search.
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change
For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.