logoI am pleased to say that the Mexican government appears to have kept its promise to speed the process of forming a new business entity in Mexico by the creation of a new corporate formation website, www.tuempresa.gob.mx, the launch of which was announced in today’s Official Gazette.

The website enables users to:

  • Search for and reserve a corporate name with the Ministry of Foreign Relations (Secretaria de Relaciones Exteriores);
  • Pay the fees required to form the entity;
  • Select a Mexican Notary Public to protocolize the formation documents; and
  • Use and modify standard form corporate by-laws (estatutos).

Protocolization of the estatutos must still performed by a Mexican Notary Public following the physical appearance of the shareholders (or their attorneys-in-fact) with official identification and proof of address in hand, along with payment applicable Notary fees.

The new website is welcome news for Mexican businesses and investors, who might soon enjoy some reduction in the time and cost required to form a new company in Mexico.