Published: 29 Oct 2008 09:47:30 PST
Mexico
Operating a business
Setting up a company
Legal business entities
| Different types of companies | Number of partners/shareholders | Maximum and/or minimum capital | Liabilities | Registration fees |
| Sociedad a Responsabilidad Limitada is a Private Limited Company | Minimum 2. Maximum 50 | Minimum MXN 3,000. Each partner must bring in at least 50% at the constitution. | Liability is limited to the amount contributed. | |
| Sociedad en nombre Colectivo is a general partnership | No minimum One of the partners must be appointed as a manager of the company. |
No minimum capital. | Liability is unlimited. | |
| Sociedades en Comandita is a limited partnership. | No minimum | No minimum capital. | Liability is limited to the amount contributed for certain partners and unlimited for others. | |
| Sole Proprietorships is a sole proprietorship. | 1 person | No minimum capital. | Liability is unlimited. | |
| Sociedad Anonima de Capital variable (S.A. de C.V) is Public Limited Company with variable capital. | Minimum 2, one of them should be the administrator. No maximum. | Maximum MXN 50,000. 20% released at the constitution. | Liability is limited to the amount contributed. | |
| Sociedad Anonima is a Public Limited Company. | Minimum 2, one of them should be the administrator. No maximum. | Maximum MXN 50,000. 20% released at the constitution. | Liability is limited to the amount contributed. |
- Business setup procedures
- Status must be drawn up in Spanish in a deed drawn up by a solicitor. Beforehand, the Ministry of Foreign Affairs must grant an authorization of constitution.
Working conditions
- Legal weekly duration
- 48 hours
- Retirement age
- 65
- Working contracts
- Employment contracts are regulated by legal clauses and collective agreements.
Cost of labor
- Minimum wage
- US$ 4.43 in Acapulco and Mexico; US$ 4.22 in Guadalajara and Monterrey; US$ 4.03 elsewhere (Daily data).
- Social contributions
-
Social security contributions paid by employers: 2 %.
Social security contributions paid by employees: 10.5 %.
Social partners
- Bargaining power
- Confederation of Mexican Workers ( CTM), Revolutionary Confederation of Workers and Farmers (CROC), Congress of Work (CT) and Workers Authentic Front (FAT) can be listed.
- Unionization rate
- 30 %.
- Labor regulation bodies
-
Ministry of Labor and Social Security
Confederación Patronal de la República Mexicana (COPARMEX)
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