The Growth in Querétaro: Unleashing Industrial Expansion
Located in central Mexico, Queretaro state has undergone a remarkable growth in recent years, especially in terms of industrial activity, establishing itself as an enticing destination for both domestic and international enterprises. In this article, we unveil the reasons behind this flourishing expansion and the manifold benefits it has bestowed upon the region. Geographically Gifted: […]
Growth in Guanajuato by Nearshoring
In recent years, Guanajuato has become one of the main destinations for nearshoring in Mexico, which has generated a significant impact on the economic growth and development of the region. In this article, you will learn how nearshoring has boosted the development of this entity of the Bajio. Attraction of Foreign Direct Investment The nearshoring […]
Economic sectors in Mexico and their importance for the growth of the country
Mexico is one of the largest and most dynamic economies in Latin America. Despite the different economic and political circumstances, Mexico continues to be an attractive destination for foreign investment, thanks to its strategic location and highly-skilled workforce. At the end of 2022, the Mexican economy grew 3.0% compared to 2021. According to the Estimación […]
Electromobility in Mexico
Mexico is the seventh largest automobile producer in the world. However, so far, there are several companies that have plans to build electric vehicles in Mexico among the major automakers. As announced, the group wants to produce a small SUV at its plant in the State of Mexico. The model was originally destined for Ford’s […]
Requirements for entry and residence in Mexico
The legal basis for the right of residence is the Migration Law (LM) and the associated regulation (Reglamento de la Ley de Migración – RLM). The competent authority is the Mexican immigration authority (Instituto Nacional de Migración – INM). Mexican immigration law distinguishes between non-permanent residents (visitors), permanent residents (temporary residents), and immigrants (permanent residents) […]
Mexico, leader in export
The development of international trade and integration into global value chains have contributed to Mexico’s booming foreign trade, based in particular on industrial products such as automobiles. Capturing more than 80% of Mexican exports, the United States is Mexico’s main export market, which is therefore highly dependent on U.S. demand: Mexico is the second largest […]
Advantages and benefits of sustainable mobility
Mobility is an issue that affects everyone. In general terms, mobility describes the ways in which we can and want to move around. The issue of transportation is therefore part of mobility. On foot, by bicycle, by car, or by public transport: there are numerous ways in which you can cover your daily routes or […]
What is ESG?
There is a big idea behind the abbreviation ESG: The “E” stands for Environmental and includes, for example, the efficient use of energy and raw materials. The “S” stands for Social and refers to social issues such as health, safety and diversity of workers. The third letter “G” stands for Governance, i.e. aspects of corporate […]
Solar energy in Mexico
In recent years, Mexico has made significant progress in attracting investment in renewable energies, positioning itself as a country with international recognition and dynamic growth in this sector. The national legal framework offers certain benefits to investors. What is the potential of solar energy in Mexico? In Mexico, radiation intensity ranges from 5.66 kWh/m² to […]
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 […]
