Lithium reserves in Mexico 2022
Mexico’s lithium is receiving the focus of foreign firms. But the country not only wants to position itself as a supplier of raw materials, but also as a processor of the important metal. Mexico’s lithium deposits are attracting the interest of foreign investors. Canada’s Bacanora Minerals and China’s Ganfeng Lithium have plans to develop the […]
Manufacture in Mexico
The reasons to manufacture in Mexico have increased considerably during the last decades, making it one of the best options to move manufacturing activities internationally. Despite the facilities to start manufacturing in Mexico, it is important to create a solid plan before starting, since the Mexican business culture and laws can present interesting opportunities. By […]
Industry in the Bajio region
In recent years, the Bajio region has been the second most important economic base after Mexico City, about 90% of the Asian companies that have recently entered Mexico in the last 10 years have expanded to the Bajio area. What is the Bajio? Bajio means basin, and the entire area of the Mexican Altiplano basin […]
Accounting for foreign companies in Mexico
Foreign manufacturing companies in Mexico that comply with certain tax criteria and submit them in a “compliance report” to the governmental institution responsible for taxes in Mexico (Secretaría de Hacienda y crédito público) by the end of June of each year. The compliance report shows financial statements audited by a certified public accountant. It must […]
Japanese companies in Mexico
The commercial relationship between Japan and Mexico is more than 60 years, with around 1,200 companies installed in the country and a strong synergy has been achieved between both countries. The geographic, political, and skilled labor advantages in Mexico have made it possible for Japanese companies to establish themselves in Mexico. In this article, we […]
Manufacturing in Monterrey
Monterrey is the capital of Nuevo Leon, a state in northern Mexico, bordering the United States. The area surrounding the capital is a region known as the “Monterrey metropolitan area”, a place known for its industrial economic development, which in the last 5 years has maintained an average annual growth rate of 10% in the […]
Taxes in Mexico: How many types of taxes are there in Mexico?
In Mexico, taxes are regulated by the Federal Tax Code, including the types of taxes and the application of each one of them. The Secretaría de Administración Tributaria (SAT) is a government agency in charge of making individuals and companies contribute the costs commensurate with taxes and customs disposals. The following article will focus on […]
Why invest in Mexico?
Mexico is an open, stable and competitive economy that offers exciting opportunities for investors. The special relationship between the United States, Canada and Mexico under the North American Free Trade Agreement (NAFTA), as well as its strategic geographic location, make Mexico an attractive country for investment in many areas, particularly in the services and manufacturing […]
Nearshoring in Mexico: Relocation of production from Asia to Mexico
Some 20 years ago, it was unimaginable that a company that had its production in Asia would consider bringing its manufacturing to Mexico; the natural evolution of the market has brought about a significant paradigm shift, and companies that now manufacture their products in the East, such as China, are considering the benefits of relocating […]
How to reduce energy costs in a company?
When a company has been manufacturing for some time, they are confronted with practices related to energy inefficiencies, such as air compressors that run 24/7, even when the plant is not working; leaks that go unnoticed for days or weeks; new equipment that may have saved a small amount in price but consumes more energy. […]
