Local and foreign businessmen can open an IT company in Mexico by implementing the standard registration steps regulated under the commercial law. There aren’t any certain procedures specific to IT businesses, businessmen simply have to abide by the standard rules and laws applicable to all enterprises and respect the legislation designed to regulate this industry.
The specific legislation may vary based on the type of activity the IT company plans to develop in Mexico. Considering this, we recommend investors to address our specialists in company formation in Mexico, who can present all the obligations that derive from the IT operations their business will implement here.
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What are the main steps for opening a Mexican IT business?
The process of company incorporation in Mexico starts by deciding on a legal entity under which the business will carry its operations, and a trading name suitable for the business (for this, initially, investors will reserve several proposed trading names that will be verified by the local authorities).
Regarding the legal entity of the company, investors have the possibility of incorporating commercial companies with separate legal personality than the ones of the founders, or partnerships. However, in practice, investors will always opt for the business forms that have their own legal personality, as these structures provide the greatest investor protection.
In this sense, foreigners can open a company in Mexico as a limited liability company or a joint stock company (the decision is based on the estimated size of the business and the investment plans that can be made through these entities – for instance, the joint stock company can be listed on the stock exchange, as opposed to a limited liability company).
After these 2 basic requirements are established, investors can proceed to the following steps, some of which are mentioned in the list below:
- draft the company’s statutory documents – they contain details on the company, its shareholders, the purpose of the business, etc;
- open a corporate bank account – the procedure can be completed at any commercial bank that investors prefer;
- register for taxation and apply for a tax number – this procedure is done by addressing the Tax Administration Service;
- obtain adequate business permits and licenses;
- once the company hires employees, it is mandatory to register them with the social security system.
Prior to applying for a tax identification number, investors also have the obligation to allocate a business address for their company (the address must be in Mexico), as this location will not only be the official address where the company will receive its correspondence, but also its fiscal address.
Our specialists can help investors find a suitable location and assist in completing specific paperwork (rental or purchase contracts), obtain authorizations for using the location, etc.
What is the law regulating IT activities in Mexico?
There isn’t a unitary legal framework addressed solely to the IT industry. Rather, businessmen who will set up a company in Mexico in this industry have to verify the provisions of various rules of law, some of which are: the Code of Commerce, the Civil Code, the Federal Consumer Protection Law, etc.
We also mention to those who want to open an IT company in Mexico that, starting with 21st of March 2025, a new law entered into force – the Federal Law on the Protection of Personal Data Held by Private Entities, a law applied to IT operators as well.
IT industry in Mexico
Below, our consultants present a few highlights of the Mexican IT sector:
- in 2025, the revenue of the industry is expected to reach $18.86 billion;
- IT outsourcing ranks as the 1st branch of IT operations, accounting for $6.74 billion;
- the average cost per an IT employee is $310.5;
- the industry is set to reach $23.27 billion by 2029.
We invite you to contact us for professional consultancy services. We can also provide accounting services, through the assistance of our accountants in Mexico.