Easy Legal Mexico, at are experts in Mexican corporate law. Whether you want to start a business in Mexico, purchase an existing business, you want to rent out your property through Air BNB or hire a property manager. Or perhaps your path to getting your residency is via investing into a corporation, or starting one? You need expert, bilingual legal help to make sure you dot all of your I’s and cross all of your t’s. You will want to avoid costly mistakes down the road, and build the foundation of your business for success. Contact Easy Legal Mexico today at +52 999 944 0296 for a free consultation on how we can help you reach your goals. Mexican Corporate Law Experts
Easy Legal Mexico in Merida, Yucatan, Mexico offers a full range of Mexican corporate law services. This includes setting up Mexican corporations, partnerships, non-profit and charitable organizations and other Mexican legal entities. We can also handle the registration of minutes and maintaining your book of minutes, board meetings, government filings and permits, as well as any other administrative assistance needed to maintain a Mexican corporation in good standing.
One way to acquire property in México is through a corporation. This structure works better if you are planning to start a business in México but it can also be used to just acquire a property, particularly in the protected zones, within 100km of a national border or within 50 km of the shoreline. A Mexican corporation may be the best way to go if you plan on developing property in Mexico or owning multiple properties, whether they are income-producing or not. Under Mexican law, the corporation is legally what is called a “moral person” (as well as a Mexican person) and is therefore allowed to acquire property anywhere in the country. What you, as the buyer, will own, is stock in the Mexican corporation.
Types of Mexican Corporations
Under Mexican corporate law, there are several different types of Mexican corporations. The most commonly used are the Sociedad Anonima (S.A.) and the Sociedad de Responsabilidad Limitada (S. de R.L. is the equivalent of the American L.L.C.). There are several differences between them but the most important ones are:
1. With the S.A., you need to establish a minimum capital of $50,000 pesos, while with the S. de R.L. you can start at one peso (although this not recommend because corporations have to explain to the Mexican IRS where it obtained the money to buy any property it has acquired and that is not an easy thing to do when you only have one peso as social capital) and;
2. The S.A. requires an official Comisario, who would have, among other responsibilities, the job of verifying that corporation works properly. This position is usually given to the accountant of the corporation or the attorney of the partners. In reality, this role is simply a legal technicality. In the meantime the S. de R.L. doesn’t have that requirement.
Maintaining a Mexican Corporation
Just as the yearly bank fee that you pay in a trust (fideicomiso), with the corporation you need to make, at least once a year, something called “Minutes of the Meeting,” which in reality is a document summarizing the annual shareholders’ meeting. This is a similar requirement to US corporations and those in some other countries. Basically, this is a simple technicality and the shareholders can appear through a person with Power of Attorney. Changes to the structure of the corporation (such as revoking or granting powers) can be made at that meeting and updated in the minutes.
Requirements to form a Mexican corporation
To form a Mexican corporation you need:
1. At least 2 partners, OF ANY NATIONALITY, physical or moral persons (foreign corporations can also be partners in a corporation).
2. Of course you will need your ID, or incorporation documents in the case of a foreign corporation.
3. Three possible names for the corporations, as each Mexican corporation must have a unique name.
You can find more detailed requirements here:
The rest of the information required by Mexican corporate law is pretty standard.
Easy Legal Mexico has the personal expertise necessary to help you make this legal process simple and fast. Just fill out the questionnaire on our website at and we will answer you as soon as possible to help you satisfy your Mexican corporate legal needs.
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