The most common type of company among foreign investors is the
corporation with its two variants (fixed capital and variable capital).
The main characteristics of these corporations are that partner
liabilities are limited to the payment of their stock.
The basic difference between both kinds of corporations is that
a corporation with a variable capital is allowed to make changes to any
variable portion of the capital stock by simply calling a regular stockholders'
meeting and without the need for changes when filing documents with the
Public Registry for Property and Commerce.
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There are six types of companies:
Corporations,
Limited-liability,
General partnerships,
Limited partnerships,
Joint stock, and
Cooperative associations.
REQUIREMENTS
To have no less than two partners, each underwriting at
least one share.
To produce cash for no less than 20% of the share
par value.
Capital investment must be at least 50,000 PESOS (arround
6,500 US dollars). |
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