As in all states of Mexico, to start a business in Monterrey you will need to complete these procedures:
Process the articles of incorporation of your business.
Register with the SAT and obtain your Federal Taxpayer Registry number (RFC).
Register your company in the Public Registry of Property and Commerce.
Now, if your business is going to be physical, there are three important steps to take:
Process your land use license.
Submit the notice of opening of establishment to the SAT.
Obtain the required operating el salvador phone data licenses if you open a restaurant, hotel, bar or nightclub.
Read more : Procedures and permits to open a business in Mexico 2024
What is the best business to invest in Monterrey?
Although each project is different, the best businesses to invest in Monterrey —and in Mexico— are distinguished by having these characteristics. Take note!
The one you are passionate about
The one that has a differentiating element
With a growth potential
That does not have many competitors
Let's talk a little about each of these points to get to the reason behind the success.
Read more : How and where to sell surprise breakfasts in Monterrey?
1. The one you are passionate about
Passion is definitely an important element. If you don't like it or don't see the importance of it, you probably won't put in the same effort as with something you're passionate about and that inspires you to dedicate your sleepless nights to.
2. The one that has a differentiating element
What added value does your business have? What element differentiates you from the competition? If you find that characteristic that makes your business unique, it will be easier to communicate it to your clients and convey it in a sales pitch.
3. With a growth potential
Is your business scalable? That is, is it possible for your business to exist in other cities and states? Could it operate in other countries? Consider how easy it is to operate outside the area you have considered for operation and what the main blockages would be.
4. That it does not have many competitors
Competition is very important but not decisive. Is there a well-established brand in the segment you are in? If so, consider how you can compete, differentiate yourself from it and create strengths from its weaknesses. If your business idea has no competition, you have the ideal path to position yourself as a market leader. To achieve this, creating a business plan will be your most powerful tool. Don't forget to do it!
30 profitable business ideas in Monterrey
Start a business in Monterrey today!
As we have seen, there are numerous profitable business ideas in Monterrey , from those dedicated to services, to the sale of products, raw materials or even subscription services and intangibles. You just need to decide which segment you want to dedicate yourself to and start undertaking.
If you want to get serious about starting your own business, start by creating your online store. Selling online is not just for one type of business, but has become an important sales tool for thousands of brands in Mexico and around the world.