BajaDave
Junior Nomad
Posts: 76
Registered: 9-2-2003
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Forming Mexican Corporation
I'd like to set up a Mexican corporation to purchase and hold land. It is not for a residence and is too large for a Fideicomiso. Does anyone here
have experience with this who can recommend an abogado that specializes in this?
Ensenada/Mexicali/San Felipe area preferred, but beggars can't be choosers, right?
Thanks!
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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
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Raphael Solorzano 664-188-7001 from within Mexico, or dial 011-521-664-188-7001 from abroad
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BajaTed
Senior Nomad
Posts: 859
Registered: 5-2-2010
Location: Bajamar
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To form my AZ Corp for $50.00 as compared to $800 in Cali, you need to get creative first:
Printed version of Corporate Bylaws
Printed version of Corporate policy & procedures
Es Todo Bueno
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BAJA.DESERT.RAT
Senior Nomad
Posts: 980
Registered: 11-5-2009
Location: BAJA SUR
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hola,
it was very expensive for me to form my mexican corporation in 2007, $ 2,000.00 U.S. plus, and took months, possibly due to doing business in mexico
during the christmas holiday, for sure, and errors on my and my son's name on the corporation papers and a power of attorney..
READ YOUR DOCUMENTS CAREFULLY as my understanding is, all papers must be sent to mexico city and any following corrections as well.
i had to use a NOTARIO to set it up, not an abogado. notary publics in mexico are a class above abogados.
maybe things have changed ?
someone more knowledgeable than me will chime in.
BIEN SALUD, DA RAT
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gnukid
Ultra Nomad
Posts: 4411
Registered: 7-2-2006
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It's true you make a mx Coro through Notario and everything must be 100% how you want, it is very expensive and problematic or impossible to correct
later, or you have to carry ammendments. So, a lawyer may be able to help you, you need to know all the things you want to do business wise and how
the company will be formed. A few free calls with lawyers and Notarios as information prior might help avoid pain later.
[Edited on 1-13-2021 by gnukid]
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medium Cool
Newbie
Posts: 24
Registered: 10-10-2020
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Mexico is not run like anything you are used to in the USA. Whatever you do in Mexico, make sure you can walk away from it! Not sounding an alarm
here, just saying, conceptual thinking dirived from the United States, is not relevant in Ol' Mexico.
Think long and deep regarding your ultimate goal, thier are many examples of big investments not being wise decisions. That said, if you are up
for 'fighting local ejido politics, paying for local knowledge' you can enjoy yourself. Plan to align yourself with a respected local authority and
don't act like an ugly american, plan to pay as you go.
Don't mean to rain on your parade, but, the enviornment is different, your will can be tested, your ultimate goal should be thought out
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Marla Daily
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Posts: 418
Registered: 9-2-2003
Location: Loreto, BCS
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Be aware that Mexican corporations are required to submit MONTHLY accounting, even if there is no activity taking place, which sounds like this case
to "hold" land. Accounting must be done/submitted by a Mexican accountant. Monthly accounting fees will continue for as long as you hold the
corporation.
And last I knew, it was illegal to have a corporation that was inactive simply to hold land. Maybe things have changed. Maybe not.
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