Tuempresa.gob.mx is the new e-government tool developed by the Mexican officials for doing the basic proceedings needed to start a business in Mexico. The output of the Portal includes company name registration, Tax ID, incorporation statements, and the registration at the local Public Register of Commerce and Property.
Baby Boomers are considering Mexico as a popular option for a second home, or as a place for retirement. One of the reasons is the traditional tendency from past generations; up to date, there are about 1 million ex-pats now living in Mexico, or having Mexico as their second home. The most populated spots for Americans and Canadians are: Puerto Vallarta and Ajijic in the western state of Jalisco, the Baja California Peninsula, and San Miguel de Allende in the central state of Guanajuato. This flood is also flocked by Europeans who privilege the Mexican Riviera Maya (Cancun).
Foreign investment companies located in Mexico must inform their capital flows on a yearly basis to the Economy Ministry. The purpose of this Annual Economic Report is to update the company general information, and notify foreign direct inflows and outflows to the company.
The 2008 Federal Taxes Statement presents new topics to be reported online. This time the Mexican Tax Office SAT is requesting specific figures of the company´s imports, exports, and transactions with associated companies abroad. It is important to recall that the statutory deadline for reporting the 2008 tax results for corporations is on March 31, 2009.
When a foreign investor comes to Mexico, he/she believes that deserves a special treatment. Sometimes, a foreign investor does not pay attention to that small detail, assuming that locals will give a preferential treatment; different from the national investor. Since he/she is in Mexico he/she is considered like any other Mexican company, a foreign investment company has to fulfil all the requirements, procedures and paper work as equal. To invest in Mexico is no longer an adventure; most of the dealings are well controlled by government bureaucracy.
Before launching a business in Mexico, it is wise to know the essential information on how to start it. The best advice is to have in mind the following: a roadmap of activities, which should be linked to legal considerations, and the timing involved. This guide presents the basic steps for starting a business in Mexico.