What our Mexico company report includes
Our Mexico reports are researched directly from sources including the Servicio de Administración Tributaria (SAT) RFC register, the state Registro Público de Comercio, the federal SIGER electronic registry, the IMSS social security register, court records, and direct in-country enquiry; fees may apply for certain records. Coverage of any individual source depends on what the subject company has filed and what is publicly accessible at the time of the search. Findings are translated from Spanish and presented in plain English.
Identity & registration
- ✓ RFC tax identifier (12-digit for entities)
- ✓ Folio Mercantil (commercial registry number)
- ✓ Legal form (S.A. de C.V., S. de R.L., S.A.P.I., S.C.)
- ✓ Date of incorporation and registry state
- ✓ SAT status (active / suspended / cancelled) (case-specific)
People & ownership
- ✓ Legal representative (representante legal)
- ✓ Sole administrator or board of directors
- ✓ Shareholders and capital (capital social)
- ✓ Powers of attorney (poderes notariales)
- ✓ Group / parent entity (where disclosed)
Financial & trading
- ✓ Listed-company filings (BMV / CNBV)
- ✓ Business activities (actividad económica)
- ✓ IMSS-registered employee count (where shareable)
- ✓ Import/export padrón habilitation (case-specific)
- ✓ Risk indicator and calculated credit limit
Risk & public records
- ✓ Federal & state court proceedings
- ✓ Concurso mercantil (insolvency)
- ✓ Article 69-B SAT "EFOS" tax-fraud blacklist (case-specific)
Note on Mexican data: only listed companies are required to publish full financial statements (through the BMV stock exchange and CNBV regulator). Most private S.A. de C.V. and S. de R.L. entities are not. The SAT Article 69-B list, publicly maintained for companies linked to fake-invoice tax fraud (EFOS), is one of the most important screening checks for any Mexican counterparty.
Why verify a Mexican company?
Mexico has become the principal nearshoring destination for North American supply chains, attracting significant foreign direct investment in automotive, electronics, aerospace, medical devices, white goods and textiles. The country has deep manufacturing capacity, the USMCA trade framework with the US and Canada, and an established maquiladora regime in the northern border states. The SAT (Servicio de Administración Tributaria) assigns a unique RFC identifier to every legal entity, and state Registros Públicos de Comercio hold the constitutive documents, the escritura constitutiva, that record share capital, shareholders, administrators and powers of attorney.
For overseas buyers and partners, structural verification at registry level is generally reliable. What requires more care is the gap between the registry record and operating reality. New entities form in large numbers, particularly in the nearshoring states; not every recently incorporated company has the manufacturing capacity its marketing materials suggest; and powers of attorney granted to representatives can be wide and outdated. Verifying that the person you are dealing with has current authority to bind the company, and that the company itself is genuinely operating, are routine concerns.
Financial transparency is more limited than in the US or Europe. Only companies listed on the Bolsa Mexicana de Valores (BMV) and certain other publicly accountable entities are required to file detailed financial statements. The much more common S.A. de C.V. and S. de R.L. de C.V. forms, used for most private trading companies and FDI subsidiaries, generally are not required to publish accounts. For credit and procurement decisions, an investigated report can include a request to the company for financial information and, where appropriate, for bank or trade references, supplementary information the company may consent to provide or may decline, alongside IMSS social-security data, which can give an indication of employee headcount.
One Mexico-specific screening check deserves particular attention: the SAT Article 69-B "EFOS" list. This is the federal tax authority's public register of companies determined to have issued or used fake invoices to facilitate tax fraud. Counterparties on this list face significant legal, tax and reputational exposure, and the list itself is an unusually direct fraud signal: Mexico is one of the few jurisdictions where this kind of authoritative public blacklist exists. Other risk patterns we can identify include suspended or cancelled RFC status, concurso mercantil proceedings, federal/local labour court (Tribunal Laboral) cases, with residual Junta de Conciliación y Arbitraje backlog,, and OFAC sanctions hits on related parties or shareholders.