The process of forming a business corporation can be a real headache and take months to complete. However, there are options that can simplify the process, such as the Simplified Joint Stock Company SAS.

The Simplified Joint Stock Companies (SAS) In Mexico they are a form of commercial company designed to facilitate the creation and operation of small and medium-sized businesses.

Introduced in 2016 as part of the reforms to the General Law on Commercial Companies, the SAS is ideal for entrepreneurs looking to formalize their business quickly, economically and without the need for other partners. Below, I present the most important aspects of this type of company:

Main Features:

• Unipersonality: The SAS can be formed by a single person, making it the only company in Mexico that allows a single partner. However, it also allows the participation of several partners if desired.
• Limited Liability: SAS partners have limited liability to the capital contributed, thus protecting their personal assets.
• Online Constitution: The incorporation process is completely online, without the need to go to a notary. It is done through the portal of the Ministry of Economy.
• Share Capital: No minimum share capital is required, which makes it easy to set up a company without a large initial investment.
• Name Authorization: The company name must be approved by the Ministry of Economy, which is also done online.

Requirements for the Constitution:

• e.firma (formerly FIEL): All partners must have a valid e.signature, which is necessary to electronically sign the articles of incorporation and other official documents.
• Name Authorization: It is necessary to obtain authorization for the company name through the system of the Ministry of Economy.

Constitution Process:

1. Name Registration: The proposed name for the SAS must be registered on the Ministry of Economy's portal.
2. Preparation of the Articles of Incorporation: A pro forma articles of incorporation is used, setting out certain company-specific details.
3. Electronic Signature: The articles of incorporation are signed electronically with the e-signature of the partners.
4. Public Registry: Once the company is established, it is registered in the Public Commercial Registry.
5. Registration in the RFC: The company must be registered in the Federal Taxpayers Registry (RFC) with the SAT.
6. Obtaining the e.signature for the Company: The e.signature is managed for the established company.
7. Opening a Bank Account: A bank account is opened in the name of the company.
8. Registration with the IMSS and Other Institutions: Registration is carried out with the IMSS and other government institutions necessary to operate legally.

Advantages of SAS:

• Ease of Incorporation: Fast, online process without the need for a notary.
• Reduced Costs: Lower incorporation costs compared to other types of companies.
• Flexibility: Ideal for entrepreneurs looking for a simple and adaptable structure.
• Participation of Foreigners: Foreigners can participate as partners as long as they have a valid e.signature.

If you are interested in establishing a SAS, you can contact us without obligation.

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