Doing Business 2020
Mexico
Details – Starting a Business in Mexico City – Procedure, Time and Cost
No.
1
Procedures
Obtain the authorization of using the company name 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
2 days on average MXN 10,500 (notary fees)
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 and parties sign it at the notary public
Agency : Public Notary
The company’s deed of incorporation must be prepared by a notary. Upon receipt of the
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.
+ MXN 18,407 (registration
fees)
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.
It usually takes the notary 2-3 days for the notary to review the documents and process the final
incorporation deed for execution by the relevant parties.
3
File the deed of incorporation with the Public Registry of Commerce
Agency : Public Registry of Commerce
In order to publicize the act of incorporation, companies registered must file the deed of
incorporation with the Public Registry of commerce.
Half a day (online
Included in procedure 2
procedure)
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.
Once the fees are paid the information is uploaded into the Siger system
(https://rpc.economia.gob.mx/siger2/xhtml/login/login.xhtml) the pre-coded forms are filled out with
information included in the articles of incorporation, then they are sent to the Public Registry of
Commerce and 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 (RFC) with the Tax Authorities (Sistema de Administración
Tributaria - SAT)
Agency : Tax Authorities (Sistema de Administración Tributaria - SAT)
The company must obtain a Tax ID number (Registro Federal de Contribuyentes - "RFC") from the
Tax Authorities. Notaries are able do obtain it at the following web page:
https://www.siat.sat.gob.mx/PTSC/. He/she submits the information on the company and retrieves
the RFC and the Tax Identification Card in pdf format.
Half a day (online
no charge
procedure) , 2 days if
done by the entrepreneur
The entrepreneur can also obtain the RFC but needs to go in person to the service center to
obtain an electronic signature.
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