What You Need To Know About Company Formation in Mexico
Do you want to register a business or a company? Are you eager to establish your business or company? You may also be a group who have started a company, and you would wish to make it legal. Having an unregistered company is not only illegal, but it can also earn you jail time. When you operate an unregistered company, you may find yourself in many troubles that you may have avoided if you registered the business or the company from the word go. Become aware of all the requirements of business or company’s registration.
You need to know all that is required for you to be on the safe side, even if you have hired an agent to do the registration. Know all the government regulations that are in place and make sure you are in a capacity to adhere to all of them. The process is made harder by the cultural differences for the foreign people. Effective communication in Spanish will be an added advantage for you. Avoid the language barrier if you can for your advantage. There are different approaches that each state uses, but it is important you identify the state you are forming the company.
You can opt to hire a licensed lawyer who will help you through the process. Hire a professional lawyer who is certified by the relevant body and who has experience in the field of the company or business registration. This may become inevitable especially if you are a foreigner and you would wish to obtain the citizenship also. The law firm should be highly reputable and should have a clean track of successful records. The professional lawyer should make the process smooth for you. This is because the lawyer knows all the loopholes in the system and can help you out of them.
Ensure that this lawyer understands your language and Spanish. Have the company’s name insured as a precautionary measure. Remember, there are certain fees that you should pay such as the registration fees, and therefore you will need to have this money set aside for the process. The money will also be used to pay the incorporation agent that you have hired. The best advantage of having a firm to register the company for you is that you can do it remotely since they will handle all the business. Chose the company’s name and structure and have the agent translate it into Spanish. The next step is to register the name with the registrar of the foreign affairs office. Insure your company, and you should register as a taxpayer also.