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 […]
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 […]
What is Outsourcing? Types and forms of outsourcing
Recently, Outsourcing specialists have become much more appreciated, so many companies attract employees from external sources. Personnel outsourcing service is top-rated nowadays; not everyone knows what it is and how outsourcers work. This service comes to the rescue when you need to save the company’s budget and effectively organize your work. What is “Outsourcing”? The […]
Investment Opportunities in Mexico
Investing in Mexico has become one of the best options to boost the finances of the investing population, especially because Mexico has established itself as one of the countries where domestic and foreign investment is a great opportunity due to its constant economic growth. Investment opportunities in Mexico: Key economic sectors: Automotive parts, machinery and […]
Minimum wage in Mexico
Minimum wages are interventions of the labor market that governments use as political macroeconomy instruments or as social tools. In other words, they represent the lowest wage level established with a fixed system of minimum gross wage that workers receive in virtue of a labor contract. In 2021, Mexico has had significant changes in the […]
Why is foreign investment in Mexico skyrocketing?
Although moving production to Asia helped companies reduce cost at first, it also proved to be a fragile system with the arrival of the pandemic. Therefore, foreign investment in Mexico has been showing great signs of expansion as companies seek to reinforce their supply chains. Mexico is becoming the strongest candidate for companies to create […]
Mexican economy: a retrospective of 2020
2020 has been quite the ride for the whole world. Ever since the turn of the year, it seemed like there would be a new surprise each week. While the whole world went through ups and downs, let’s take a moment to focus on how resilient the Mexican Economy is in this economic retrospective 2020. […]
ODATA enters the American market
As part of the Bajio Region, Queretaro has been a great example of foreign direct investment (FDI). The Brazilian data center giant, ODATA, invested over $100 million USD in the state to enter the North American market. Their target is to bring cloud services to Amazon, Microsoft, and Netflix. Foreign Direct Investment: taking off during […]
