Mexico’s growth prospects continue to moderate. Although the economy is expected to benefit from both a recovery in the United States and an increase in investments related to the structural reforms, lower oil prices prompted the government to cut spending planned for this year and next.
Mexico has embarked on a bold package of structural reform to break free from three decades of slow growth, low productivity, pervasive labour market informality and high income inequality.
Mexico’s economic growth has been driven largely by integration with Canada and the U.S. in NAFTA, but economic performance remains far below potential. Despite a more open economic environment, business regulations continue to undermine economic efficiency
The negative effects of the stronger dollar on US industrial activity are also contributing to the slowdown in the Mexican manufacturing sector, which is heavily dependent on the US. Performance in the oil sector is not expected to improve because of the fall in oil prices and oil production.
Foreigners have the option to establish a Mexican company or to acquire stock in an already established one; it all depends on the party’s need to have a presence and an involvement in Mexico from a commercial and/or a tax point of view
The limited liability stock corporation is the most common type of business entity used in Mexico. The principle advantage of an S.A. is that the shareholders only are liable for an amount up to the value of their shares for the obligations and debts of the company.
Tourist and business visa information
Starting May 1st, 2010, all those foreign nationals, regardless of their nationality, visiting Mexico for tourist, business or transit matters won’t need a Mexican visa
The Personal Income Tax Rate in Mexico stands at 30 percent. Personal Income Tax Rate in Mexico averaged 29.64 percent from 2004 until 2014, reaching an all time high of 33 percent in 2004 and a record low of 28 percent in 2007. Personal Income Tax Rate in Mexico...
Resident individuals are subject to Mexican income tax on their worldwide income, regardless of their nationality. Non-residents, including Mexican citizens who can prove residence for tax purposes in a foreign country, are taxed only on their Mexican-source income.