How much to set up a business in mexico?

Question

Hi

Can anyone tell me the total cost, in taxes and lawyers' fees, as well as the requisites for a european to set up there?

Gracias

Answer 1

It depends on what type of buisnes you want. A small business, one that does less than $80,000 pesos a month in gross will cost only a small fee with imigration and around $2500p. Expect to pay an accountant 500 pesos a month and about 1% of your sales in taxes.

For  a corp. it get much more complicated. At least 10,000 pesos in lawyer fees, accountants and all the B.S. permisos you will need becuase your not Mexican.

Answer 2

Sorry, this question is too ambiguous to answer. How high is high? How much is a lot? Do you want to open a car wash, or a manufacturing business? Two employees or 200? Sole proprietorship or corporation (S.A.)? Then there is the question of where. Prices in Mexico D.F. are a LOT higher than in Chiapas.

I was taught in college that at a minimum, you needed enough to open, stock your business with inventory, pay taxes and payroll and have enough to live on for TWO YEARS without pulling a penny out of the business to even try. That’s what I did here and it worked. Ten years ago.