{"id":153,"date":"2022-09-21T11:28:18","date_gmt":"2022-09-21T11:28:18","guid":{"rendered":"https:\/\/companyformationmexico.com\/?p=153"},"modified":"2023-01-30T17:05:20","modified_gmt":"2023-01-30T17:05:20","slug":"start-a-pharmaceutical-company-in-mexico","status":"publish","type":"post","link":"https:\/\/companyformationmexico.com\/start-a-pharmaceutical-company-in-mexico\/","title":{"rendered":"Start a Pharmaceutical Company in Mexico"},"content":{"rendered":"\n<p>A&nbsp;<strong>pharmaceutical&nbsp;<\/strong><strong>company<\/strong>, also named a<strong>&nbsp;drug company<\/strong>, is a commercial&nbsp;<a href=\"https:\/\/www.companyformationmexico.com\/types-of-companies-in-mexico\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>company<\/strong><\/a>&nbsp;which is licensed to research, develop, sale and\/or distribute medicines, usually in the field of healthcare.&nbsp;<\/p>\n\n\n\n<p>In this article, our&nbsp;<strong>Mexico company formation&nbsp;<\/strong>advisors touch on a few key aspects related to&nbsp;<strong>starting a pharmaceutical company in Mexico<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/companyformationmexico.com\/start-a-pharmaceutical-company-in-mexico\/#what-is-the-profile-of-the-pharmaceutical-industry-in-mexico\" title=\"What is the profile of the pharmaceutical industry in Mexico?\">What is the profile of the pharmaceutical industry in Mexico?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/companyformationmexico.com\/start-a-pharmaceutical-company-in-mexico\/#what-are-the-main-countries-in-which-mexico-exports-its-pharmaceutical-products\" title=\"What are the main countries in which Mexico exports its pharmaceutical products?\">What are the main countries in which Mexico exports its pharmaceutical products?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/companyformationmexico.com\/start-a-pharmaceutical-company-in-mexico\/#what-are-the-regulatory-strategies-for-pharmaceutical-products-in-this-jurisdiction\" title=\"What are the regulatory strategies for pharmaceutical products in this jurisdiction?\">What are the regulatory strategies for pharmaceutical products in this jurisdiction?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/companyformationmexico.com\/start-a-pharmaceutical-company-in-mexico\/#what-is-the-most-popular-business-structure-for-a-pharmaceutical-company-in-mexico\" title=\"What is the most popular business structure for a pharmaceutical company in Mexico?\">What is the most popular business structure for a pharmaceutical company in Mexico?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-the-profile-of-the-pharmaceutical-industry-in-mexico\"><\/span><strong>What is the profile of the pharmaceutical industry in Mexico?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mexico is the 11th global market for pharma, having a net worth of USD 13.2 billion. With a population of 120 million and a steady economic situation, this country has growing healthcare needs, mainly those connected to chronic illnesses like cardiovascular, diabetes and cancer.<\/p>\n\n\n\n<p>The private sector represents 48.3% of the market and 91.5% of this sum is out of pocket expenditure. Major pharmacy chains are continuing to develop and a lot of independent pharmacies have been liquidated.<\/p>\n\n\n\n<p>Our&nbsp;<a href=\"https:\/\/www.companyformationmexico.com\/about-us\"><strong>company formation consultants in Mexico<\/strong><\/a>&nbsp;can provide further details on the&nbsp;<strong>pharmaceutical industry<\/strong>&nbsp;in this country. We can also help you&nbsp;<strong>open&nbsp;<\/strong>a&nbsp;<strong>company<\/strong>&nbsp;in this industry&nbsp;<strong>in Mexico<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-main-countries-in-which-mexico-exports-its-pharmaceutical-products\"><\/span><strong>What are the main countries in which Mexico exports its pharmaceutical products?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The countries where Mexico exported pharmaceutical products in the last years were:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Country<\/strong><\/td><td><strong>2012 \/ million USD<\/strong><\/td><td><strong>2013 \/ million USD<\/strong><\/td><td><strong>2014 \/ million USD<\/strong><\/td><td><strong>% share in 2014<\/strong><\/td><td><strong>% in 2014\/2013<\/strong><\/td><\/tr><tr><td><strong>U.S<\/strong>.<\/td><td>414<\/td><td>452<\/td><td>444<\/td><td>24.03<\/td><td>-1.77<\/td><\/tr><tr><td><strong>Switzerland<\/strong><\/td><td>17<\/td><td>17<\/td><td>225<\/td><td>12.21<\/td><td>1252.08<\/td><\/tr><tr><td><strong>Panama<\/strong><\/td><td>223<\/td><td>191<\/td><td>206<\/td><td>11.16<\/td><td>7.97<\/td><\/tr><tr><td><strong>Venezuela<\/strong><\/td><td>329<\/td><td>263<\/td><td>202<\/td><td>10.92<\/td><td>-23.21<\/td><\/tr><tr><td><strong>Colombia<\/strong><\/td><td>111<\/td><td>96<\/td><td>109<\/td><td>5.93<\/td><td>13.94<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-are-the-regulatory-strategies-for-pharmaceutical-products-in-this-jurisdiction\"><\/span><strong>What are the regulatory strategies for pharmaceutical products in this jurisdiction?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In order to<strong>&nbsp;register a pharmaceutical product<\/strong>&nbsp;for sale in this jurisdiction, the product needs an approval from the Comision Federal para la Proteccion contra Riesgos Sanitarios (COFEPRIS), which is a section of the Ministry of Health.<\/p>\n\n\n\n<p>Certain pharmaceutical devices which previously received a market authorization in the U.S., Canada or Japan qualify for expedited review by COFEPRIS.<\/p>\n\n\n\n<p>Our&nbsp;<a href=\"https:\/\/www.companyformationmexico.com\/\"><strong>Mexico company registration agents<\/strong><\/a>&nbsp;can assist entrepreneurs who are interested in obtaining this approval here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-is-the-most-popular-business-structure-for-a-pharmaceutical-company-in-mexico\"><\/span><strong>What is the most popular business structure for a pharmaceutical company in Mexico?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the most popular business structures for a&nbsp;<strong>pharmaceutical company in Mexico<\/strong>&nbsp;is the&nbsp;<a href=\"https:\/\/www.companyformationmexico.com\/open-a-llc-in-mexico\"><strong>limited liability company<\/strong><\/a>.<\/p>\n\n\n\n<p>For&nbsp;<strong>setting up such a company in Mexico<\/strong>, entrepreneurs have to take these steps:<\/p>\n\n\n\n<ol>\n<li>Obtain the name authorization from the Ministry of Economy in Mexico;<\/li>\n\n\n\n<li>Gather the company deed with a notary public: this is the deed of the&nbsp;establishment to be able to get the status of the&nbsp;legal entity;<\/li>\n\n\n\n<li>Register the company deed with the Public Register of Commerce in this jurisdiction;<\/li>\n\n\n\n<li>Other steps: our&nbsp;<a href=\"https:\/\/www.companyformationmexico.com\/set-up-a-branch-in-mexico\"><strong>Mexico company<\/strong><\/a>&nbsp;<strong>formation<\/strong>&nbsp;representatives can provide all the necessary details on what these other steps consist of.<\/li>\n<\/ol>\n\n\n\n<p>For further information related to\u00a0<strong>setting up a pharmaceutical company in Mexico<\/strong>, please\u00a0<a href=\"https:\/\/www.companyformationmexico.com\/contact\"><strong>contact<\/strong><\/a>\u00a0our<strong>\u00a0Mexico company registration<\/strong>\u00a0agents.<\/p>\n\n\n\n<p>Please address to us for accounting services as well. Typically, a<strong> pharmaceutical company<\/strong> is set up as a large business, and in this case, we highly recommend the<strong> services of a CPA in Mexico<\/strong>, who is an accountant that is qualified to provide more complex accounting services.<\/p>\n\n\n\n<p>The CPA can offer tax assistance, management, reporting, tax advice, tax compliance and many other services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A&nbsp;pharmaceutical&nbsp;company, also named a&nbsp;drug company, is a commercial&nbsp;company&nbsp;which is licensed to research, develop, sale and\/or distribute medicines, usually in the field of healthcare.&nbsp; In this article, our&nbsp;Mexico company formation&nbsp;advisors touch on a few key aspects related to&nbsp;starting a pharmaceutical company in Mexico. What is the profile of the pharmaceutical industry in Mexico? Mexico is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":85,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[10,12,9,11,63,13,64],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Start a Pharmaceutical Company in Mexico - Company Formation Mexico<\/title>\n<meta name=\"description\" content=\"Here are a few data on starting a pharmaceutical company in Mexico. 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