Businesses in Mexico 3ecpa

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10 Terms

1

What is the expected global ranking of Mexico's economy by 2050 according to economic experts?

7th largest global power

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2

What industry in Mexico was valued at over USD$13 billion as of 2016?

Production of medical equipment and devices

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3

What are the three most common types of legal entities you can form in Mexico?

Stock Corporation, Limited Liability Company, Simplified Shares Company

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4

What is the minimum required capital to form a Stock Corporation in Mexico?

MXN$50,000 or approximately USD$2,700

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5

What structure is considered very practical for small and medium enterprises in Mexico?

Limited Liability Company (LLC)

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6

What is the initial deposit required to form a Limited Liability Company in Mexico?

MXN$3,000 or approximately USD$160

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7

What is one of the key characteristics of a Simplified Shares Company?

Formation process is cheaper and faster than Stock Corporations and LLCs

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8

What is the maximum allowable revenue for a Simplified Shares Company per year?

MXN$5,000,000 or approximately USD$265,000

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9

Which government agency in Mexico is responsible for encouraging foreign investment?

Pro-Mexico

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10

What significant event impacted Mexico's economic growth in 2017?

Devastating earthquake

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