How to start a business from scratch in Mexico
(and not die trying)
Whenever someone asks me, “How do I start a business in Mexico from scratch?” the first thing I tell them is: there are no magic formulas, but there are steps that will save you headaches . I went through that process myself and discovered that, with order, patience, and a little legal guidance, it’s much simpler than it seems.
Step 1: Structure your idea well
There are no tricks here: before talking about money, think about your idea. Ask yourself: Am I passionate about it? Would people pay for this? If you don’t have those two answers clear, it’s not a business yet. What I did was build a value proposition to differentiate myself from the competition.
Step 2: Market research
You don’t have to be a scientist to do this, but you do have to be observant. Talk to your audience, research your competition, and check out social media trends. Conducting surveys and small test groups worked for me.
Step 3: Design your business plan
It’s boring, but trust me, it’s a lifesaver. It’s like your company’s road map. It includes:
- Who will be your client?
- What exactly will you sell?
- What channels will you use to sell?
- And above all: how are you going to make money?
Also make financial projections, even if they are basic.
Step 4: Choose your company name
Don’t underestimate this point. A good name connects with people and, furthermore, must pass the legal test in Mexico . Here at Quickcorp, they guided me to avoid “forbidden” words and register one I could use.
Step 5: Legalize your business
This is the step many skip, and then the problems arise. For your company to formally exist, you need a charter and registration with the Public Registry of Commerce (RPC) .
Some common forms in Mexico are:
- Public Limited Company (SA)
- Limited Liability Company (S. de RL de CV)
- Simplified Joint Stock Company (SAS)
- Cooperative Society (SC)
I decided on a limited company because it was the most practical way to start, although it depends on the individual case. Quickcorp explained the differences to me and saved me from going through the tax system.
Step 6: Define how you will finance your company
If you have savings, great. If not, you can start with small loans, crowdfunding, or even convince an angel investor. Remember: “Money isn’t everything, but it helps a lot.”
Step 7: Account Management (Important)
I’ll clarify here: Quickcorp doesn’t open bank accounts for you, but they do prepare the legal documentation so you can open your business account at any bank you choose. This is key to separating your personal and business funds.
Step 8: Develop your product or service
Prototype, test, and improve. Don’t wait until it’s perfect to release it; it’s better to release an initial version and listen to what people think.
Step 9: Digital Marketing Strategies
Today, if you don’t exist online, you practically don’t exist. Build your website, open social media, and start building trust. For example, I started with small Facebook Ads campaigns and it made a dramatic difference in sales.
Step 10: Evaluate and adjust as you go
No plan survives contact with reality. Evaluate your progress, identify risks, and adjust. As a colleague told me: “A business is like a ship; you always have to correct its course.”
Legal requirements for starting a business in Mexico
If you want to do everything legally and in order , take note:
- Notarized or notarized articles of incorporation with a public corridor
- Registration in the Public Registry of Commerce (RPC)
- Registering with the SAT and obtaining an RFC
- Specific permits or licenses (depending on the industry: food, health, construction, etc.)
- A tax address (can be physical or virtual)
- Define your initial share capital
- An electronic signature (e.signature) for digital procedures
👉 With Quickcorp, you can also register your trademark with the Mexican Immigration and Customs Institute (IMPI) , so no one else can claim your name or logo.
Frequently Asked Questions
What should I consider before starting a business in Mexico?
I’d put it this way: sustainability, impact on your personal life, and time management. If you can’t answer how each area will affect you, you’re jumping in blind.
Do I need advisors to open a business in Mexico?
It’s not mandatory, but it is recommended. I thought about doing it alone, and it would have cost me a lot more time and money. With Quickcorp, I did it online, which is much more convenient.
What kind of business can I start from scratch?
It depends on your profile. Many people start with e-commerce or dropshipping models because they require little initial investment.
Can you start a business without money?
Yes, but with creativity. You can offer services, sell through social media, or start with microcredit and crowdfunding.
How much does it cost to start a business in Mexico?
The cost depends on the type of business and size, but legal incorporation with Quickcorp has a fixed price starting at $14,500 MXN , including a charter, registration with the RPC, and everything necessary to operate.
What is the easiest legal way to get started?
A Simplified Joint Stock Company (SAS) is ideal for those starting out on their own and looking for speed. If you plan to grow with investors, a SAPI (Spanish Securities and Exchange Commission) may be the best option to manage your company’s legal status quickly and securely. We are the legal partners you need. Don’t wait any longer, contact us !
Quickcorp: Your legal ally in Mexico
I would sum it up like this: without Quickcorp, I would have wasted months and money on legal issues . Here, I found support and clarity. Whether you’re a foreigner or a Mexican, with them, you can set up your company in Mexico in less than a week, online and hassle-free .