Business setup advice

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Business setup advice


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Old 11th August 2020, 05:35 PM
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Default Business setup advice

Hi folks!


We have a corporation (Florida) but our bulk of business is in Mexico and we need Mexican Bank Accounts to collect fees and pay out .

I have read about setting up a subsidiary is easier.

Any advice please would be appreciated. I am looking for someone to help with govt paperwork in Cancun. Does it really take Months???



Thanks,

Clay

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Old 16th September 2020, 05:54 PM
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Users Flag! Originally from mexico. Users Flag! Expat in peru.
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Originally Posted by caribecash View Post
Hi folks!


We have a corporation (Florida) but our bulk of business is in Mexico and we need Mexican Bank Accounts to collect fees and pay out .

I have read about setting up a subsidiary is easier.

Any advice please would be appreciated. I am looking for someone to help with govt paperwork in Cancun. Does it really take Months???



Thanks,

Clay
Hi Clay, the creation of the business with a notary should take less than a month. Creating a corporate account will take another 2 - 4 weeks depending on the bank (smaller banks will generally be faster). I'm in Sonora but feel free to hit me up with any questions.

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