If you want to launch a small business in Mexico, you must first secure a business license in order to do so. This procedure can seem a little intimidating, especially if you’re not aware with the neighborhood rules and specifications. We’ll walk you through the procedure of obtaining a business license in Mexico and address some relevant inquiries about opening a taco stand in this article.
You must choose the type of business structure you intend to use before you can submit an application for a business license. Sole proprietorships (also known as “actividades empresariales” or “empresas individuales”) and limited liability companies (also known as “sociedades de responsabilidad limitada” or “SRLs”) are the two most popular types of business structures in Mexico. Every structure has pros and cons, so it’s critical to conduct your homework and pick the one that’s best for you.
The second step is to register your business name. You must register your business name with the Mexican government after deciding on your business structure. The Mexican Institute of Industrial Property (IMPI) is used for this. To make sure your selected business name is available, you must first perform a search before submitting an application to register it. It’s crucial to start this step early because the registration process can take several weeks.
Step 3: Obtain a Tax Identification Number The “Registro Federal de Contribuyentes” (also known as a “RFC”) is the tax identification number you’ll need to apply for a business license. All enterprises operating in Mexico must have this number, which is available through the Mexican Tax Administration Service (SAT). Obtaining a business license is the fourth step. After completing the preceding stages, you can finally submit an application for your company license. In general, the procedure is submitting an application and supporting paperwork to the regional government office in charge of giving licenses. However, the procedure can differ based on your area and the type of business you’re launching. You’ll probably need to present evidence of your business name registration, your tax ID number, and other documents, such your lease agreement or ownership documentation for your real estate used for business purposes.
What should my taco prices be?
Taco prices can vary depending on where you are selling them and what kind of tacos you are selling. In general, street tacos in Mexico cost between 10 and 30 pesos (or around $0.50 and $1.50 USD) each taco. However, you might be able to charge more if you’re selling your tacos in a more upmarket setting or with premium ingredients.
What do I require in order to start a taco stand? You’ll require a few essential materials in order to start a taco stand in Mexico. You must first obtain a business license, as was previously mentioned. A food handler’s permit is also required; you can get one from your neighborhood health department. You’ll need a place to set up your booth, like a parking lot or sidewalk. To make and serve your tacos, you’ll also need equipment like a grill, a propane tank, and cooking tools. How do I market tacos?
After setting up your taco business, you’ll need to draw customers in. This can be accomplished by putting up in a busy area, via social media, or by spreading the news through word-of-mouth. A menu and pricing system must also be established. Last but not least, you must make sure that you adhere to all rules governing food safety and that your workspace is kept hygienic and tidy.
To sum up, starting a small business in Mexico can be a rewarding endeavor, but it’s crucial to take the right precautions to make sure you’re doing so legally and safely. You may position yourself for success in the taco stand industry and beyond by obtaining a business license, registering your business name, getting a tax ID number, and adhering to all food safety rules.