You must have a current temporary residency permit or visa, allowing you to stay in Mexico for up to four years, in order to launch a business there. Additionally, you must have a Registro Federal de Contribuyentes (RFC), a tax identification number issued by Mexico. You can get one from the Mexican Tax Administration Service (SAT).
Furthermore, you must get a liquor license, also known as a Permiso de Alcoholes, from the local government in order to run a business that involves the sale of alcohol. Depending on the location and type of business, a liquor license can cost anywhere from a few thousand to tens of thousands of pesos.
A US citizen must follow the same processes as any other foreigner to start a business in Mexico. A temporary residency permit or visa as well as a Mexican tax identification number are required. The laws and rules of Mexico must also be followed in order to establish and run a business there.
You must submit an application at a Mexican consulate in your home country or in a nation where you already have a valid resident permit to obtain a temporary residency permit in Mexico. You must present proof of your finances, a birth certificate, a passport, and other documentation.
Finally, you must adhere to the procedures established by the Mexican government in order to incorporate a firm in Mexico. A Limited Liability Company (LLC) or a Corporation are two examples of the business structures you must select and register with the Public Registry of Commerce. Depending on the type of your firm, you may also need to obtain a business license, a tax registration certificate, and other permits and authorizations.
In conclusion, transient residents can open a business in Mexico, but they must follow local rules and laws. They must get all appropriate licenses and permissions, as well as a temporary residency permit and a tax identification number. Starting and running a successful business in Mexico can be challenging and time-consuming, but it is doable with the correct advice and assistance.
You can establish a Limited Liability Company (LLC) while you are a visitor in Mexico by performing the following procedures: 1. Pick a name for your LLC and check the Mexican Institute of Industrial Property’s (IMPI) availability.
2. Work with a Mexican notary public to draft and sign the articles of incorporation. 3. Request a tax identity number (RFC) from the SAT, the Mexican tax administration. 4. File a registration form for your LLC with the state’s Public Registry of Commerce (RPC). 5. Obtain any licenses or permits required for your line of work. Open a bank account for your LLC and put the bare minimum of capital into it. 7. If you intend to accept foreign investments, request a certificate of good standing from the National Registry of Foreign Investments (RNIE).
To ensure compliance with Mexican rules and regulations and to help you navigate the procedure, it is advised to obtain the advice of a lawyer or business expert.