Starting a Business · Mexico
Starting a business in Mexico: foreigner's guide (2026)
Mexico shaded by its starting a business status
Mexico permits 100% foreign ownership in most sectors without a local partner, and offers a free electronic, notary-free SAS regime with no minimum capital. However, foreigners typically incorporate a S.A. or S. de R.L. before a notary/public broker, must register foreign capital in the RNIE within 40 business days, and face foreign-ownership caps (10%/49%) or outright reservation in specific strategic sectors.
Key points
Foreign investment may hold up to 100% of the capital of Mexican companies in most economic activities without needing a Mexican partner; no general nationality requirement for shareholders.
Certain activities are reserved to the State or Mexican nationals; others cap foreign participation — e.g. 49% for explosives/firearms manufacture, domestic newspaper printing, freshwater/coastal fishing and port administration, and 10% for production cooperatives. Higher participation in some areas needs Foreign Investment Commission approval.
A Sociedad por Acciones Simplificada can be formed online via gob.mx/tuempresa without a notary and with no minimum capital, registering automatically in the Public Commercial Registry; annual income is capped (≈7.08 million pesos for 2024).
Most foreign-owned entities use a S.A. de C.V. or S. de R.L. de C.V., incorporated by a notary public or public broker (corredor público) who drafts the deed and bylaws; a name-use permit from the Secretaría de Economía and at least two shareholders are required.
Companies with foreign investment must register in the Registro Nacional de Inversiones Extranjeras within 40 business days of incorporation; since 1 January 2025 filings are made through the RNIE digital platform, and late filing draws penalties of 30–100 UMA per day.
New companies register with the SAT (tax authority) for an RFC; since 2022 entities must identify and keep records of their beneficial owners, and a legal representative (foreign or Mexican) is needed to operate.
Timeline - major decisions & events
President Sheinbaum signed and published the National Law to Eliminate Bureaucratic Procedures, cutting federal business-related procedures from 342 to 151 and extinguishing CONAMER, transferring its functions to the Digital Transformation and Telecommunications Agency (ATDT). The law mandates a unified digital citizen portal (Llave MX) and standardises procedures across all three levels of government.
Diario Oficial de la Federación ↗The World Bank announced it would permanently discontinue the Doing Business report — the primary cross-country metric used to pressure Mexico on business-start indicators — after an audit found data-integrity violations in the 2018 and 2020 editions. Mexico had ranked 60th of 190 in the final Doing Business 2020 report, with 'starting a business' as one of its weaker sub-indicators (66–90 days at that time).
World Bank ↗The World Bank's Doing Business 2020 report placed Mexico 60th of 190 economies (second in Latin America after Chile), but noted that Mexico had failed to introduce any measurable business-climate improvements for the second consecutive year. The 'starting a business' sub-indicator remained weak, with costs and time well above OECD averages.
World Bank ↗Mexico became one of the first countries in Latin America to enact a comprehensive Fintech Law (Ley para Regular las Instituciones de Tecnología Financiera), creating a licensing and regulatory-sandbox framework for crowdfunding platforms and electronic-money institutions under CNBV oversight. The law provided start-ups in financial services a defined, legal route to incorporation and operation that had not previously existed.
Diario Oficial de la Federación ↗Congress reformed the Código de Comercio to require the Registro Público de Comercio (RPC) to operate via an automated federal computer programme under the Secretaría de Economía, with mandatory electronic pre-capture of registral acts and defined maximum response periods. The reform laid the technical foundation for later online incorporation portals (tuempresa.gob.mx) by making the commercial registry data a federal digital asset.
Cámara de Diputados — Leyes Federales ↗The Federal Executive published the agreement establishing the Sistema de Apertura Rápida de Empresas (SARE), entering into force 1 March 2002. SARE capped local-government procedures for low-risk businesses (covering 685 SCIAN activities) at 24–72 hours and one single office visit. Studies subsequently documented a direct 5% increase in new-business creation and 2.8% increase in employment in municipalities where it was implemented.
Diario Oficial de la Federación ↗Mexico enacted the Ley General de Sociedades Mercantiles (LGSM), the comprehensive federal law governing formation, governance, and dissolution of all commercial companies, including Sociedades Anónimas and Sociedades de Responsabilidad Limitada. Still the bedrock statute for business formation today, it established mandatory notarial incorporation and Public Commerce Registry inscription — requirements that subsequent reforms have progressively softened or digitised.
Cámara de Diputados — Leyes Federales ↗Mexico - other topics
Last verified 5/23/2026 · Orientation, not legal advice - verify against the primary sources linked above. Explore the full world map →