Doing Business 2020
Mexico
Details – Starting a Business in Monterrey – Procedure, Time and Cost
No.
1
Procedures
Obtain the authorization of using the company name online and file the draft deed of
incorporation with the notary online
Agency : Ministry of Economy (Secretaría de Economia)
The company name can be reserved directly by the public notary through the following online
platform: https://mua.economia.gob.mx/mua-web/muaHome. In the website, it must be indicated
the following information: name, type of company and the notary public with whom the constitution
will be formalized. Once all the information is provided, the notary must sign the request with the
electronic signature (e.firma).
Time to Complete
Associated Costs
2 days no charge
The Ministry of Economy will first check its availability and then proceed if it complies with the
legal framework. The authorization is issued via email within the 2 next days and it is valid for 180
days.
Once the companie's incorporation deed is made, the Notary Public will notify the Ministry of
Economy of the using of the authorized company name.
2 Notary prepares the deed of incorporation and parties sign it at the notary public
Agency : Public Notary
The company’s deed is prepared by a notary. Upon receipt of authorization regarding the
company name, the notary proceeds to notify of the use of the corporate name and draft the
articles of incorporation in order to be duly signed by the partners. The founding partners must
provide their general personal information (official identifications, Tax IDs) and a statement for the
start-up capital, which is normally transferred to the new company's management board. A bank
account can be opened once the company has been incorporated. 2 days MXN 8,500
3 File the deed of incorporation with the Public Registry of Commerce
Agency : Public Registry of Commerce
In order to notify the act of incorporation, companies must file the deed of incorporation with the
Public Registry of commerce. Less than one day 5 per thousand of share
(online procedure) capital
Less than a day (online no charge
The notary public is in charge of making the registration of the articles of incorporation at the
Public Registry of Commerce whether in person or through remote electronic means. The
following documents are required: (i) a duly notarized articles of incorporation (+ a copy) and (ii) a
document certifying age above 18 years old.
The registration fee is 0.5% of the share capital to subscribe. The minimum fee is 422.00 pesos
and the maximum fee is 48,159.00 pesos.
Once the fees are paid the information is uploaded into the portal (http://www.siger.gob.mx/), the
pre-coded forms are filled out with information included in the articles of incorporation and they are
sent to the Public Registry of Commerce where enrollment takes place immediately.
Since December 15, 2018, the amended Law of Mercantile Corporations introduces the
requirement to electronically notify any changes in the shareholders structure. At the incorporation
moment, the initial shareholder structure is provided in the public deed at the Public Registry of
Commerce. After incorporation, any share transfer should be electronically notified to the Ministry
of Economy through the electronic system.
4
Obtain a Tax Registry Number with the Tax Authorities (Sistema de Administración
Tributaria - SAT)
Agency : Tax Authority (Sistema de Administración Tributaria - SAT)
The company must be registered at Registro Federal de Contribuyentes (RFC) from the Tax
Authority. Notaries are able to register the company via the online portal
(https://www.siat.sat.gob.mx/PTSC/). He/she submits the company information and obtains the
RFC number and the Tax Identification Card (Cedula de Identificacion Fiscal) in pdf format.
procedure), 1 day if done
by the entrepreneur
The legal representative can also register at the RFC for the company but needs to go in person
to a Tax Authority office. She/he must file in the following documents: (i) Pre-application online
form, (ii) Act of incorporation of the company, (ii) the power of attorney that proofs hers/his
representation, (iii) official ID of legal representative and (iv) proof of fiscal domicile.
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