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. […]
Reduce inventory management costs
As tax time arrives, many companies will analyze operating budgets and generate projections accordingly. Which leaves us with the exercise: What can we do to reduce overhead, or how can we reduce handling costs? The good news is that there are many ways to achieve these goals. Optimizing space, preventing damage, managing space, or investing […]
How to be a pleasant company for its employees?
Corporate culture has a completely different meaning today than it did 50 years ago. It has become a means of competitive advantage, primarily in how companies with better workplaces can hire better talent. In addition, corporate culture is a media sorting tool for large corporations, e.g., Silicon Valley tech startups are criticized for being “boys’ […]
