What you need to establish a Mexican Entity

To establish a legal entity in Mexico as a foreigner you will initially need to secure a valid passport.  You can also use a valid corporation that has been validated, stamped by a Mexican Consulate in your area.   

Subsequently, you must obtain a Mexican Tax Identification Number (RFC) from the Mexican Tax Administration Service (SAT). The next step involves registering a unique business name with the Mexican Commercial Information System to ensure the distinctiveness of your business identity.

Establishing a physical business address in Mexico is also a prerequisite. Furthermore, you will need to engage a notary public to assist in formalizing the incorporation documents, which includes drafting and notarizing the necessary documents like the articles of incorporation.

Lastly, securing the necessary permits and licenses specific to your business type and location is vital to commence operations legally. It is advisable to consult with a local legal or business advisor to navigate through this process smoothly.

To establish a legal entity you will generally need the following:

1. Valid Passport: To verify your identity.
2. Visa or Resident Card: Depending on the type of business and your stay in Mexico, you might need a specific type of visa or a resident card.
3. Tax Identification Number (RFC): Obtain a Mexican tax identification number from the Mexican Tax Administration Service (SAT).
4. Business Name: Register a unique business name with the Mexican Commercial Information System (Sistema de Información Comercial).
5. Business Address: Establish a physical business address in Mexico.
6. Notary Public: Engage a notary public to formalize the incorporation documents.
7. Incorporation Documents: Draft and notarize the incorporation documents, including the articles of incorporation and bylaws.
8. Permits and Licenses: Obtain the necessary permits and licenses to operate, which can vary depending on the type of business and its location.
9. Foreign Investment Law Compliance: If applicable, comply with the Mexican Foreign Investment Law, which might require registering with the National Registry of Foreign Investments.
10. Bank Account: Open a Mexican bank account in the name of the business.
11. Accountant or Legal Representative: Hire a local accountant or legal representative to assist with tax and legal compliance.
12. Social Security Registration: Register the business and its employees with the Mexican Social Security Institute (IMSS).
13. Local and Municipal Registrations: Depending on the location, you might need to register with local and municipal authorities for additional permits and licenses.

Note: The specific requirements can vary depending on the type of legal entity you are establishing. It is recommended to consult with a legal or business advisor in Mexico to guide you through the process.