Mexico Company Incorporation - Registration Procedures

Any mercantile corporation must be registered in the Public Registry of Commerce, (Registro Pùblico de Comercio).  In the case of corporations, through public documents, using a notary public, the attorney will notify the associates of the requirements and accomplish the necessary procedures, offering absolute legal certainty to the associates.

A testimony of the articles of incorporation and the corresponding rights will become available in the public registry.  After a short time the corporation will be registered, creating a "record" in which all actions accomplished will be noted.

Books and records

Companies should keep the following accounting books and records:

• Daily Book.
• Ledger.
• Book of Assembly Minutes of Shareholders.
• Shareholders Record of the Corporation.
• Book of Capital Increases and Decreases, (in the case of a Variable Capital).

The corporation must produce a financial report that will be submitted in each period ended for the consideration of approval by the associates assembly.  The annual financial report must contain the following:

• Financial Statement at the End of the Period.
• Balance Sheet.
• Statement of Income.
• Statement of Changes in Financial Position.
• Statement of Changes in Shareholders Equity.
• Notes of the Financial Statements.

For legal and fiscal issues in Mexico all periods should end in the month of December, (according to the General Mercantile Corporations Law and the Fiscal Code of the Federation, the tax closing date is the 31^st December).