MEXICO

LATAM • Crypto Compliance

Mexico: VASP Registration & AML Compliance

In Mexico, many crypto businesses operate under an AML-led framework rather than a single “VASP license.” Our service focuses on building the legal infrastructure and completing the required registrations and compliance deliverables for virtual-asset exchange/custody activity, while mapping any Banxico/CNBV touchpoints where relevant.

LFPIORPI / Vulnerable Activities (AML) Banxico Circular 4/2019 (where applicable) Remote-friendly delivery
Connect with our experts Download PDF
Email: operations@readycorp.co

Regulatory snapshot

Mexico’s crypto operating reality is typically structured as an AML compliance pathway (for non-financial operators), with separate rules for regulated financial institutions.

Most operators: AML-led framework

Exchange/custody services are treated as a “Vulnerable Activity” under Mexico’s AML law, requiring registration, KYC, controls, and periodic reporting (thresholds are UMA-based and can change).

Regulated entities: Banxico perimeter

Banks/regulated fintech institutions may require Banxico authorization for certain virtual-asset operations under the Fintech Law and Circular 4/2019 (activity-specific).

Financial licensing (separate track)

If your model includes regulated payments / e-money / money transmission, a distinct licensing route may apply. We’ll map this in the scoping step.

Note: “VASP” on this page refers to the service scope (exchange/custody/transfer) and the compliance + registry pathway commonly used by operators.

Package & ongoing requirements

We keep pricing public only for the core legal + compliance infrastructure. Banking onboarding and certain third-party steps can vary.

Mexico VASP Registration Package
€34,900 Legal infrastructure + registration + AML pack
  • Mexican company statutes + coordination of constitution with notary
  • Corporate books + share titles preparation
  • Registration of directors in the Mexican tax system (RFC / related onboarding prerequisites)
  • Advanced electronic signature (where applicable)
  • Registration in relevant registries (incl. foreign investment registry where applicable)
  • Compliance officer appointment
  • Terms & Conditions + Privacy Notice + data protection documentation
  • Personalized AML/KYC policy + “Manual” for prevention of illicit-origin resources
  • Preparation of the application for registration in the Vulnerable Activities / PLD system
  • 1 local bank account support (subject to onboarding)
  • Registered office included for 1st year (then €1,500/year)
Share capital: no formal minimum stated; typical recommendation: USD 2,500.
Mandatory Monthly Fees
From €4,800 / month Operational compliance support
  • Local legal contact & legal address: €2,000
  • Compliance officer + monthly reporting: €2,800
Accounting/tax filing can be added depending on activity and invoicing model.
Tax snapshot (general): Corporate income tax 30% • VAT 16% • Dividend tax is often referenced at 10%(case/treaty dependent).
Pricing is provided privately after a short scoping call — requirements vary by activity scope, operational design, and regulatory expectations.

What you may need from third parties

A few practical items are typically required during onboarding and operations.

Mexico SIM / phone access

Often needed for local bank access, OTPs, and certain onboarding steps.

Notary & corporate books

Notary coordination and corporate book production fees are paid to third parties.

Local lease / address support

Depending on banking and operations, a lease/space may be required (home or office).

How the engagement works

A clean, remote-friendly process designed for international founders.

1

Scope & pathway mapping

Confirm your activity scope and identify AML and (if applicable) Banxico/CNBV touchpoints.

2

Entity & legal infrastructure

Company constitution, corporate books, and foundational registrations.

3

Compliance pack

AML/KYC policies, privacy/data pack, compliance officer appointment, operational procedures.

4

PLD / Vulnerable Activities registration

Preparation and submission of the registration application and supporting documents.

5

Ongoing operations

Monthly reporting support, compliance officer services, and maintenance options.

FAQ

Quick answers founders usually ask about Mexico.

Is there a single “VASP license” in Mexico?

Mexico commonly works through an AML-driven framework for non-financial operators (registration + controls + reporting), while regulated entities may face separate Banxico/CNBV requirements depending on the model.

Can you help with banking?

Yes — we support onboarding preparation and positioning. Final approval depends on each financial institution’s risk appetite and due diligence.

How long does it take?

Core document deliverables are commonly prepared within about a month after complete onboarding and payment. Registry timelines can take longer depending on third parties and authority processing.

Note: This page is for general information and does not constitute legal, tax, or regulatory advice.

Launching in Mexico?

Send us your model and target markets — we’ll reply with a private roadmap (scope, documents, timelines, and next steps).

Connect with our experts DM via Telegram