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flag Mexico Mexico: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Sociedad de Responsabilidad Limitada (S. de R.L.)  is: a Variable Stock Limited Liability Partnership (company)
Number of partners: Minimum 2
Maximum: 50
Capital (max/min): Minimum of  3,000 MXN. Each partner must bring in at least 50% at the time of its creation.
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad en Nombre Colectivo is: a General Partnership
Number of partners: Minimum 2 without limitation
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is unlimited and joint responsibility.
Sociedad Anonima (S.A.) is: Limited Liability Company (or Corporation) also known as Joint Stock Company in USA
Number of partners: Minimum 2. No maximum.
Capital (max/min): No maximum
Shareholders and liability: Liability is limited to the amount contributed.
Sociedad Anonima de Capital Variable (S.A. de C.V.) is: a Variable Capital Limited Liability Company.
Number of partners: Minimum 2.  No maximum.
Capital (max/min): No maximum
Shareholders and liability: Liability is limited to the amount contributed.
The Competent Organization
The National Business Information Registry.
 
Setting Up a Company Mexico Latin America & Caribbean
Procedures (number) 6.0 9.0
Time (days) 9.0 53.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Mexico.
National Business Information Registry

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The Active Population in Figures

201120122013
Labor force 49,170,00050,700,00051,480,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -61.40%61.90%
Men activity rate 80.60%80.50%80.50%
Women activity rate 43.20%43.90%44.30%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Manufacturing 16.5%
Agriculture, Hunting and Forestry 12.8%
Construction 8.3%
Hotels and Restaurants 6.5%
Education 5.3%
Real Estate, Renting and Business Activities 5.0%
Transport and Storage 4.6%
Households with Employed Persons 4.2%
Health and Social Work 2.9%
Electricity, Gas and Water Supply 0.5%
Mining and Quarrying 0.4%

Source: International Labor Organization (ILO)

 
For Further Statistics
Mexico Economic Data

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Working Conditions

Legal Weekly Duration
48 hours per week (8 hours per day)
Retirement Age
65 years old
Working Contracts
Employment contracts can be for a specific job assignment or for a fixed period of time. If there is no stipulation, it is for an indefinite period of time.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
MXN 1,509 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: MXN 6,191 (source: ILO, 2011);
Gross average monthly wage of women: MXN 5,142 (source: ILO, 2011).
Social contributions
Social Security Contributions Paid By Employers: 2 %.
Social Security Contributions Paid By Employees: 10.5 %.

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Social Partners

Social Dialogue and Involvement of Social Partners
Mexican syndicates (or unions) are divided and organized by activity sectors and they have a relative power.  Most of them are affiliated to The Confederation of Mexican Workers (CTM). It must be considered that the syndicates have been developed as institutions of 'social resistance' which prevent, in many cases, structural reforms as well as the economic development of the country.
Unions
Syndicates in Mexico (in Spanish)
Confederation of Mexican Workers
Unionization Rate
30 %.
Labor Regulation Bodies
Ministry of Labor and Social Security
Confederación Patronal de la República Mexicana (COPARMEX)

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Last Updates: October 2014