Businesses in Mexico 3ecpa

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

7th largest global power

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

Production of medical equipment and devices

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

Stock Corporation, Limited Liability Company, Simplified Shares Company

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

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

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

Limited Liability Company (LLC)

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

MXN$3,000 or approximately USD$160

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

Formation process is cheaper and faster than Stock Corporations and LLCs

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

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

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

Pro-Mexico

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

Devastating earthquake