14 INNOVATIVE SERVICES THAT DO NOT YET EXIST IN MEXICO

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Project: Brew Bike Nitro – A Bicycle Delivering Coffee Cocktails
Location: Australia
Launch: 2019

The Monopolitan

Brew Bike Nitro, is a bicycle that brings coffee cocktails to social events, busy streets and even to the door of your house. To bring this concept to life, Jesse, the entrepreneur behind this project, mixed his 2 great passions: coffee and cocktails. Brew Bike Nitro’s stellar cocktail consists of a cold brew blend, made with coffee from local Union Roasters roasters, and a dash of alcohol. This mixture is infused for 24 hours in nitrogen, and the result is a fascinating drink with an intense coffee flavor and a light touch of distillate.


Project: Tee Tag – The Service That Rents Reusable T-shirts for Events
Location: Norway
Launch: 2020

The Monopolitan

Companies often hold events where they have thousands of T-shirts printed with logos, slogans or special messages. However, these garments are only valid during the days of the event and, subsequently, they become obsolete and are often discarded. Tee Tag is a new service that offers companies for rent t-shirts that can be personalized with different messages and, once the event concludes, they are collected by the Tee Tag team to be cleaned so that another client can reuse them.


Project: NOVA – A Mobile Coworking OfficeLocation: South Africa
Launch: 2018

The Monopolitan

NOVA a mobile coworking office . It is a space designed for the modern adventurer and for those who enjoy working surrounded by nature and breathtaking views. Gone are the corporate desks, today, without a doubt, are comfortable, open and relaxed spaces. Designed to promote creativity and inspiration, NOVA puts at the disposal of the modern creative all the necessary tools to increase their productivity comfortably. From WIFI service, printers and charging stations, to coffee machine, bathroom, refrigerator and AppleTV, this office is perfect to host a maximum of 6 people at the same time. And yes, best of all, you can work right in front of the most beautiful landscapes of Cape Town, South Africa.


Projects: Brella – An On Demand Daycare Challenging the Child Care Industry
Location: United States
Launch: 2019

The Monopolitan

Brella is a daycare in Los Angeles that is revolutionizing childcare, because instead of tying you up with expensive contracts, it offers an hourly or subscription service plan through its app. The project, in addition to offering a friendly and specialized environment for children from 3 months to 6 years, with early education activities such as literature, painting and mathematics, offers amenities, activities and productive spaces for parents.


Project: MuvPass – The Membership that gives you Access to all the Gyms in your City
Location: Chile
Launch: 2016

The Monopolitan

For those who constantly want to experience new physical activities, there is MuvPass, a membership for those who love exercise and sports activities. It is an app that gives you access to hundreds of sports activities and gyms. This means that, just by being a MuvPass member, you will be able to access multiple gyms in your city and enjoy different classes.


Project: Skynest – A Service of Comfortable Rooms for Flights
Location: New Zealand
Launch: 2020

The Monopolitan

A flight from New York to New Zealand can take up to 17 hours, which, in economy class, becomes a real martyrdom. Just for that there is Skynest, a project that plans to install comfortable capsules that can be rented by economy class passengers so that they can experience, even for a limited period, the comfort of traveling in first class.


Project: Cluno – The Service That Allows You to Drive a Porsche Every Day
Location: Germany
Launch: 2016

The Monopolitan

In order that you can drive the car of your dreams and change it constantly, Cluno was born, a German startup that offers a car subscription through an app. Through its app you can find basic cars such as a Renault Clio or a Ford Fiesta, even luxury brands such as a BMW or a Porsche. The cost of the subscription varies with the car model, and includes insurance and maintenance. When you get tired of driving the same car, you need a bigger or faster one, you just have to return the current one and choose a new one in the app.


Project: Eterneva – The Service that Turns the Ashes of Your Loved Ones into Diamonds
Location: United States
Launch: 2016

The Monopolitan

The process for this service begins with choosing the shape, weight, and tint of the diamond. Afterwards, you will receive a package from Eterneva , which includes a special container to send the ashes. For 10 months, a team of chemists will turn the ashes into a rough diamond that, later, will be put into the hands of a craftsman to polish it and give it a beautiful shape, engrave the name of the deceased and finally mount it on a ring or a medal. .


Project: Recup – The Service That Is Ending Disposable Cups
Location: Germany
Launch: 2016

The Monopolitan

Recup is a German startup that was born with the vision of revolutionizing the take-away coffee format, eliminating disposable cups from the equation. The operation of this service is quite simple. All you have to do is go to your favorite coffee shop and order your coffee to go in a glass of this brand. Afterwards, you can go to any other local coffee shop affiliated with the project to drop off the container you stopped using. They, finally, will be in charge of cleaning it and putting it back into circulation.


Project: UpSteam – The Ecological Car Wash that goes to you
Location: Estonia
Launch: 2017

The Monopolitan

Forget spending minutes in the car wash waiting for your vehicle’s turn, UpSteam is the first car wash service that, in addition to being ultra ecological, goes directly to your home or office. Requesting your express laundry service is super simple and convenient. All you have to do is schedule your appointment through the UpSteam app, so that the professional car washers can come to your car and leave it as good as new. In line with its sustainable philosophy, most of the workers in this business travel on electric bicycles with only a backpack in which they literally have all the car wash stored.


Project: Kibbo – The Company That Leases Vans To Live And Work In
Location: United States
Launch: 2020

The Monopolitan

Vanlife is a concept that has fallen in love with those who come across it. Traveling in a Van, touring entire countries and working in front of beautiful landscapes is the dream of many, but unfortunately, equipping a Van for living is not cheap at all. That is precisely why Kibbo exists, a project that rents you fully equipped Vans so that you can live and work in them without spending a fortune.


Project: Oxwash – The Laundry That Uses Bicycles To Deliver Your Orders
Location: England
Launch: 2017

The Monopolitan

With the purpose of drastically reducing the pollution generated by traditional laundries, Oxwash was born, an innovative London laundry that has put in place a fluid logistics system that allows businesses to select the type of service they want, as well as the collection and collection times. delivers zero emission bicycles to its fleet, in addition to using only ecological detergents in its processes.


Project: ChargedUp – A Charging Network for Smartphones
Location: England
Launch: 2018

The Monopolitan

ChargedUp was born with the mission that your smartphone will never run out of battery again. It is a sustainable network of shippers that has expanded dramatically throughout England and seeks, in the medium term, to enter other countries on the European continent. Using this network of chargers is much easier than you might imagine. All you have to do is download the ChargedUp app and scan the QR code located at the nearest charging station. In this way, you will get a portable charger with cables compatible with Apple and Android devices.


Project: Bond – An Innovative Messaging Model for Electronic Commerce
Location: United States
Launch: 2019

The Monopolitan

Bond is a special parcel service for e-commerce. It is an alternative that seeks to propose itself as a transparent option, where customers and sellers can have total control over shipping. For retailers, Bond’s service consists of storing their products in micro-distribution centers throughout New York City. In this way, when a customer makes a purchase, their package will be just a few blocks away, ready to be delivered by their fleet of cargo bikes and bicycle messengers.

Business opportunities in Mexico – Business setup, Costs, and Licenses

Business opportunities in Mexico seem bustling in the present world trade market. When looking for trade opportunities in Latin nations, Mexica appears at the top of the list. It is the second-largest economy in Latin America.

This country is also the leading trade partner of the United States. They make 80% of their export dealings with the USA. Experts also forecasted that this nation can be one at the top 5 ranks of largest economies by 2050. When these are the facts, business opportunities in Mexico sounds pretty optimistic.

Although opportunities are available, there are several aspects entrepreneurs must understand first. They must keep in mind the business setup process, costs and license requirements as well. For convenience, here we have discussed the typical business opportunities in Mexico.

Process of business setup in Mexico

To enjoy opportunities, you have to carry out a legal business setup process. But before that, you must select a corporate entity type in particular. Mexico follows 5 business entity types:

  1. Sole trader
  2. Limited Liability Corporation (S. De R.L.)
  3. Limited Liability Stock Corporation (S.A. de C.V)
  4. Partnership company
  5. 5.Branch office.

Upon selecting the business type, the next step is company registration in Mexico. Let’s have a look at the steps of company incorporation in Mexico.

Steps of company registration in Mexico

Following are the steps of the company registration process in Mexico:

  1. Notarize all relevant and important documents by a notary you have to hire.
  2. Select and register a company name. The online registration process is available. But the form is in Spanish language, so the applicant needs the help of a notary or local individual.
  3. The notary will prepare an incorporation deed, which is in the local language (Spanish). This includes all the important information about the company. The information includes owner name, company name, address, shareholders, business type etc.
  4. Signing up of the incorporation deed by all shareholders in front of the notary. Each shareholder must place their genuine ID and address in the deed.
  5. The notary prepares the company registration documents in the presence of local authorities. A copy of incorporation deed is retained for reference purpose.
  6. Get registered with National Business Information Registry governed by the Department of Trade.
  7. For foreign investors, get enlisted by the Department of Trade Foreign Investment Register.

Cost of business registration in Mexico

The table below shows the cost structure for Limited Liability business incorporation in Mexico:

BUSINESS INCORPORATION STEPCOST IN PESOS
CAPITAL REQUIREMENTS$3,000
OBTAINING TAX REGISTRATION NUMBER (REGISTRATION FEES)$14,899
NOTARY FEES$10,500
REGISTRATION WITH THE MEXICAN SOCIAL SECURITY INSTITUTENONE
REGISTRATION WITH THE LOCAL TAX ADMINISTRATION DEPARTMENTNONE
REGISTRATION WITH NATIONAL BUSINESS INFORMATION REGISTRY$100 – $670

The table here shows the cost structure for Limited Liability stock corporation setup in Mexico:

BUSINESS INCORPORATION STEPCOST IN PESOS
CAPITAL REQUIREMENTS$50,000
OBTAINING TAX REGISTRATION NUMBER (REGISTRATION FEES)$14,899
NOTARY FEES$10,500
REGISTRATION WITH THE MEXICAN SOCIAL SECURITY INSTITUTENONE
REGISTRATION WITH THE LOCAL TAX ADMINISTRATION DEPARTMENTNONE
REGISTRATION WITH NATIONAL BUSINESS INFORMATION REGISTRY$100 – $670

Timeline for business incorporation in Mexico

A fixed time frame has to be considered when undertaking each business set up process in Mexico. The time frame has been separated against each registration tasks in the table below:

Timeline for Limited Liability Stock Corporation registration

BUSINESS REGISTRATION PROCESSTIME REQUIREMENTS FOR COMPLETION
ONLINE NAME AND COMPANY INCORPORATION REGISTRATION1 DAY
SIGNING UP DEED OF INCORPORATION AND OBTAINING TAX REGISTRY NUMBER.2 DAYS
REGISTRATION WITH THE IMSS1 DAYS
REGISTRATION WITH THE LOCAL TAX ADMINISTRATION1 DAY
DELEGACIÓN OR NOTIFYING THE LOCAL GOVERNMENT1 DAY
REGISTRATION WITH THE SIEM1 DAY

Timeline for Limited Liability business registration

BUSINESS REGISTRATION PROCESSTIME REQUIREMENTS FOR COMPLETION
ONLINE NAME AND COMPANY INCORPORATION REGISTRATION1 DAY
OBTAINING A TAX REGISTRY NUMBER (RFC).2 DAYS
REGISTRATION WITH THE IMSS1 DAYS
REGISTRATION WITH THE LOCAL TAX ADMINISTRATION1 DAY
NOTIFYING THE LOCAL GOVERNMENT1 DAY
REGISTRATION WITH THE SIEM1 DAY

License requirements for conducting business in Mexico

Business opportunities in Mexico demand several licenses and permits for conducting corporate functionalities. Without a proper license, a company faces legal issues. So, when registered a company, collecting licenses should be the next priority. Following are the licenses and approvals needed in a typical business set up in Mexico:

  • License for environmental impact that has to be approved by Secretaría de Medio Ambiente y Recursos Naturales.
  • Health license issued from Municipal authority and the Secretaría de Salud.
  • Importer license for the approval of goods imports.
  • Medical or paramedic license for medical related business
  • Chemical license for export or import of chemicals.

Business fields with investment opportunity in Mexico

Business fields with investment opportunity in Mexico

By now you must be aware of the fact that there are lots of business opportunities in Mexico for many investors. Let us find out top business sectors with opportunities in this nation.

  • Business involving computer parts and accessories selling
  • Computer servicing and assembly services
  • Digital marketing
  • Graphics and web design services
  • Computer training institutes
  • Hospitality and hotel management services
  • Tour and travel guide business
  • Hotel and resort industries
  • Ridesharing and car rental services
  • Event planner business
  • Financial management service
  • SEO management
  • Mobile app and software development industries
  • E-commerce business
  • Food and beverage manufacturing industries
  • Art and craft industries
  • Disposable items manufacturing
  • Boat building company
  • Airport shuttle service
  • Home appliance and toiletries manufacturing business

FAQ

What are some of the top companies in Mexico?

They are many companies who are doing great business in Mexico. Following are the top 10 companies running in this country:

  1. Walmart de México
  2. América Móvil
  3. Fomento Económico Mexicano
  4. Grupo México
  5. Grupo Elektra
  6. Grupo Financiero Banorte
  7. Coca-Cola Femsa
  8. Arca Continental
  9. Banco Santander México
  10. Grupo Bimbo

Is Mexico a good destination to setup a company?

Mexico has favorable climate to setup a company. Currently it is the biggest exporter to its neighboring nation USA. By 2050 it is estimated to reach the top 5 biggest economy in the world. It is one of the fastest growing economy. All these facts ensure idol condition to set up companies in this country.   

What are the best business fields to start in Mexico?

Following are the businesses fields an investor can try in Mexico:

  • Health care industries
  • Digital marketing and e-commerce
  • Home appliance and consumer products manufacturing
  • Computer and electronic accessories sell
  • Waste disposal and recycling industry
  • Agrobusiness
  • Ride sharing and car rental service
  • Computer and skill training service

What are the steps of business registration in Mexico?

Following are the brief business setup steps in Mexico:

  • Register a company name online
  • Notary prepares an incorporation deed for your company
  • Signing up of the incorporation deed by all shareholders in front of the notary.
  • The notary prepares the company registration documents in the presence of local authorities
  • Get registered with National Business Information Registry governed by the Department of Trade.
  • A foreign investor must register with the Department of Trade Foreign Investment Register.

What are the risks of registering a company in Mexico?

There are few risk factors that you must count in when setting up a business in Mexico. Below is the list of possible risk factors:

  • Slow business incorporation process in comparison to the time required to set up a company in America
  • Getting permissions for premises or industrial construction often gets bothersome
  • Corruption often slows down the investment process and can often turn off the investment interests.
  • The taxation system in Mexico is bothersome and time-consuming

Source: themonopolitan.com, sfconsultingbd.com

Mexico Daily Post