Shelf company/turnkey solutions for Mexico

Shelf company/turnkey solutions for MexicoMexico turnkey solutions

fast solutions for company registration in Mexico

Because Mexico is a developing emerging market country, registering a new business is both challenging and time consuming.

Using their preferred corporate structure, our multi-national Clients should expect to legally conduct business in Mexico within 6 months.

As a work around solution, Healy Consultants Group PLC provides our multi-national Clients two fast business set up options:

  1. Acquiring a dormant clean ready-made Mexico company with an already approved dormant corporate bank account (known as a turnkey solution); or
  2. Incorporating a new company using Healy Consultants Group PLC professional, passive nominee shareholders and directors and bank signatory (known as a Fast Nominee Solution.

With these two fast-business set up solutions, our multi-national Clients can expect to legally conduct business in Mexico within 6 weeks. Refer to more detailed information below:

Comparing business set up strategies

 Fast nominee solutionTurnkey solutionRegister a new business
Our recommended order of preference?123
How soon can our Client legally issue sales invoices to customers?6 weeks2 weeks6 months
How soon can our Client legally sign sales contracts with local customers?6 weeks2 weeks6 months
How soon can our Client lease permanent office premises and warehouse?6 weeks4 weeks7 months
How soon can our Client recruit local and expatriate staff?8 weeks3 weeks7 months
Estimated total cost of this engagement?US$37,600US$39,300US$16,050
Estimated paid up share capital to be injected over the coming 2 months?US$200US$200US$200
How soon can we supply our Client a bank account number?8 weeks6 weeks5 months
Physical office required to be leased during company registration?NoNoNo
Must apply for tax numbers?YesNoYes
Trading business must apply for an import\export license?YesYesYes
Must apply for a regulatory license?YesYesYes
Foreign investment Government approval required before legally conducting business?YesYesYes
How long to appoint our Client’s preferred corporate structure?6 months6 months6 months
Total engagement period; to finish the engagement?6 months6 months7 months
Draft invoiceMexico fast nominee solution invoiceMexico turnkey solution invoiceMexico LLC invoice

Advantages and disadvantages of a fast business set up solution

AdvantagesNominee companyShelf company
Within a month, our multi-national Clients can legally conduct business in MexicoYesYes
Our Client does not have to travel to Mexico for company registration and multi-currency corporate bank account openingYesYes
Our Client can immediately recruit staff to help complete business set upYesYes
The entity is already registered for tax, including payroll, corporation tax, sales taxesNoYes
Government administrative tasks\delays are tackled after business set up, rather than before company registrationNoYes
Foreign investment approval already securedNoNo
Disadvantages
It is an expensive solutionYesYes
It is necessary to spend 8 weeks changing the business activity and change company nameNoYes
It is necessary to spend 8 weeks appointing our Clients’ preferred shareholders and directorsYesYes
It is necessary to spend 6 weeks appointing our Clients' preferred bank signatoryYesYes
It is necessary to spend 4 weeks to ensure the entity is clean and dormantNoYes
Government foreign investment approval is still required?YesNo
The company might have had business operations in the past, which makes the handover process more complicatedNoYes

Steps to register a Fast Nominee Solution

StepsWeek
Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;1
Our Client signs Healy Consultants engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees;1
Our Client confirms by email the planned corporate structure and e-mails the required due diligence;2
For our Client, Healy Consultants Group PLC prepares a tailored detailed project plan;3
Healy Consultants Group PLC supplies our Client due diligence re our temporary professional, passive nominee shareholders and directors and bank signatory;4
Healy Consultants Group PLC registers a national LLC with our temporary professional, passive nominee shareholders and directors and injects the paid-up share capital to a temporary multi-currency corporate bank account;5
Healy Consultants Group PLC registers our Client company for tax;6
The Mexico bank supplies corporate bank account numbers to Healy Consultants Group PLC, while we act as temporary bank signatory;7
If required, Healy Consultants Group PLC will apply for i) a specific regulatory license and ii) an import export license;8
Healy Consultants Group PLC emails our Client a template customer sales invoice complying with local commercial laws and includes i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number. Our Client can legally conduct business in Mexico;9
Healy Consultants Group PLC prepares and emails our Client the required documents to appoint them as directors and shareholders and bank signatory including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Mexico (if required);10
Our Client reviews and signs the documents in front of the Mexican Embassy Consular at our Client’s country of residence and courier return the same;11
Healy Consultants’ Group PLC and our Client attends a meeting with the Mexico bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:

  • Signed appointment of bank signatory forms;
  • Client’s passport copy and proof of address;
  • Mexico company kit;
  • Other Client due diligence.

12
Following a review of the corporate bank account signatory change application, the bank(s) may revert to Healy Consultants for additional information. Healy Consultants and our Client provides the same in a timely manner;13
There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview. As always, Healy Consultants will aggressively negotiate for a travel exemption, asking the bank to just perform a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Mexico;14
The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc) to Healy Consultants office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf;15
If required, Healy Consultants Group PLC will apply for a Foreign Investment Approval Certificate from the Ministry of Economy;16
Following a review of the foreign investment license application, Ministry of Economy may revert to Healy Consultants for additional information. Healy Consultants Group PLC and our Client provides the same in a timely manner;18
The Ministry of Economy approves the foreign shareholder to purchase shares in the local company. Immediately after, Healy Consultants Group PLC submits an application to the Ministry of Economy to amend the certificate of incorporation;20
The Ministry of Economy issues the amended certificate of incorporation, showing the new shareholder, company name, business activity and charter capital;21
Immediately after, Healy Consultants Group PLC emails our Client i) investment certificate ii) amended certificate of incorporation and iii) new M&AA showing the appointment of the new foreign shareholders and directors;22
Healy Consultants Group PLC will courier the following to our Client:

  • Company kit containing original Mexico corporate documents;
  • The banking kit;
  • Healy Consultants Customer Satisfaction Survey;
23
Healy Consultants Group PLC successfully completes our Client’s engagement.24

Steps to purchase a fast turnkey solution

StepsWeek
Healy Consultants Compliance Team receives the required corporate and personal due diligence information from our Client;1
Our Client signs Healy Consultants Group PLC engagement letter and returns the original to our Singapore Head Office. Our Client settles our fees;2
Our Client confirms by email the planned corporate structure and e-mails the required due diligence;2
For our Client, Healy Consultants Group PLC prepares a tailored detailed project plan;3
Healy Consultants Group PLC provides our Client i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number;4
Healy Consultants Group PLC emails our Client a template customer sales invoice complying with local commercial laws and includes i) a company name and number ii) a company office address and iii) a corporate bank account number and iv) a tax number;5
Our Client can inform customers and suppliers; issue invoices for selected products and services, sign legal contracts and hire local staffs in Mexico. Healy Consultants Group PLC will inform our Client if some business activities require additional approval and licenses from the Government;6
Healy Consultants Group PLC prepares and emails our Client the required documents to appoint them as directors and shareholders including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Mexico (if required);7
If required, Healy Consultants Group PLC will apply for i) a specific regulatory license and ii) an import export license. There can be additional Government requirements to secure the same including higher paid-up capital requirements;8
Healy Consultants Group PLC prepares and emails our Client the required documents to appoint them as directors and shareholders and bank signatory including i) the legal share allotment and legal share transfer ii) the change of company address and iii) the lease agreement in Mexico (if required);9
Our Client reviews and signs the documents in front of the Mexican Embassy Consular at our Client’s country of residence and courier return the same;10
Healy Consultants Group PLC and our Client attends a meeting with the Mexico bank to appoint our Client as the new bank signatory and submit the corporate bank package containing:

  • Signed appointment of bank signatory forms;
  • Client’s passport copy and proof of address;
  • Mexico company kit;

Other Client due diligence.

11
Following a review of the corporate bank account signatory change application, the bank(s) may revert to Healy Consultants for additional information. Healy Consultants and our Client provides the same in a timely manner;12
There is a 50% chance that the bank will ask the new bank signatory to travel for a one-hour interview. As always, Healy Consultants will aggressively negotiate for a travel exemption, asking the bank to just perform a Skype or phone conversation with the bank signatory. Depending on Client nationality, sometimes we are successful and our Client does not have to travel to Mexico;13
The bank approves the appointment of the new bank signatory and will courier internet banking documents (login, password etc.) to Healy Consultants office or to our Client directly. If sent to us, we will activate internet banking on our Client’s behalf;15
If required, Healy Consultants Group PLC will apply for a Foreign Investment Approval Certificate from the Ministry of Economy;16
Following a review of the foreign investment license application, Ministry of Economy may revert to Healy Consultants for additional information. Healy Consultants Group PLC and our Client provides the same in a timely manner;18
The Secretariat of Economy approves the foreign shareholder to purchase shares in the local company. Immediately after, Healy Consultants Group PLC submits an application to the Sistema de Informacion Empresarial Mexicano to amend the Certificate of Incorporation and M&AA;20
The Sistema de Informacion Empresarial Mexicano issues the amended Certificate of Incorporation and M&AA, showing the new shareholder, company name, business activity and charter capital;21
Immediately after, Healy Consultants Group PLC emails our Client i) investment certificate ii) amended certificate of incorporation and iii) new M&AA showing the appointment of the new foreign shareholders and directors;22
Healy Consultants Group PLC will courier the following to our Client:

  • Company kit containing original Mexico corporate documents;
  • The banking kit;
  • Healy Consultants Customer Satisfaction Survey;
23
Healy Consultants Group PLC successfully completes our Client’s engagement.24

Conclusion

  1. If our multi-national Clients wish to legally conduct business as soon as practical, then I recommend one of the above fast business set up solutions.
  2. If our multi-national Clients wish to minimize business set up costs, I recommend registering a new LLC with your preferred corporate structure and bank signatory.

Contact us

For additional information on our Mexico fast solutions services in Mexico, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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