United Mexican States
Capital: Mexico City HDI: 0.756 (71st)
GDP (PPP): $2.141 trillion Currency: Mexican Peso
Population: ~ 122 million
Mexico dominates Central America and is the second largest Latin American economy with a rapidly growing middle class. The country is posed to be in the top ten global economies by 2050. Since the North American Free Trade Agreement was begun in 1994, the country has become manufacturing oriented, increased investment has come from the US and Canada, and Mexican exports have increased in demand. The government has of late been focused on eliminating corruption, reducing income equality, and going about educational reforms for its population; the goal is to improve the long term economic growth of the country as well as its human development. Because of its many trade relationships and low corporate taxes, Mexico is a great place for business, and in particular industry.
Mexico Economic Outlook | Data, Statistics
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.
OECD Economic Surveys: Mexico 2015
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.
Industry Trends & Business Climate
Mexico – Heritage Foundation
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
Mexico: Risk Assessment – globalEDGE
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.
Establishing a Presence
Business Types – Types of business organization and incorporation
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
Business Types – A guide to establish your business in Mexico
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.
Business Registration Requirements – Starting a business in Mexico
You may need to register with several different levels of government for many different reasons. This document provides an overview of the key registration requirements that may apply to your business.
Business Registration Requirements – Starting a Business in Mexico – Doing Business – World Bank
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Mexico.
Personal – Mexico Personal Income Tax Rate
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 is reported by the Servicio de Administración Tributaria, SHCP.
Personal – Mexico – Taxes on personal income
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.
Mexico Sales Tax Rate
The Sales Tax Rate in Mexico stands at 16 percent. Sales Tax Rate in Mexico averaged 15.60 percent from 2006 until 2015, reaching an all time high of 16 percent in 2010 and a record low of 15 percent in 2007. Sales Tax Rate in Mexico is reported by the Servicio de Administración Tributaria, SHCP.
Mexican VAT – Avalara VATLive
Mexico introduced a Value Added Tax regime in 1980. Locally, it is known as Impuesto al valor agregado (IVA). It is administered by the Ministry of Public Finance and Credit.
Corporate – Mexico Corporate Tax Rate
The Corporate Tax Rate in Mexico stands at 30 percent. Corporate Tax Rate in Mexico averaged 34.56 percent from 1981 until 2015, reaching an all time high of 42 percent in 1982 and a record low of 28 percent in 2007. Corporate Tax Rate in Mexico is reported by the Servicio de Administración Tributaria, SHCP.
Corporate – Paying Taxes in Mexico – Doing Business
This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes.
Mexico Visa: Application, Requirements
Tourist and business visa information
Visas – Traveling to Mexico
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
Telecom – Mexico telecom prices fall
An update on cellular prices in Mexico
Getting around Mexico on local transport
A summary of all forms of public transportation in Mexico
Transportation and Getting Around in Mexico
How to get around Mexico including driving in Mexico, flights, buses, taxis, road travel, public transport, cycling and walking
Telecommunications in Mexico – Wikipedia
Mexico’s communication services market is among the largest in Latin America, liberalized in the 1990s, with the landmark privatization of Teléfonos de México (Telmex), a previously state-owned monopoly. Since then, new operators have entered the market, but Telmex still remains the dominant player.
Mexican Labor Law: A Review of the Basics
Although wages continue to be low in contrast to the U.S., the MFLL is rigorous in its prevention of unsafe work environments and does much to uphold workers’ rights and privileges.
Workers’ compensation – Wikipedia
The Mexican Constitution of 1917 defined the obligation of employers to pay for illnesses or accidents related to the workplace.
New Mexico Unemployment Compensation laws
Virtually all employers are covered by New Mexico’s Unemployment Compensation Law and are, therefore, subject to the state unemployment insurance
I. Basics of Mexico Labor Law
Mexico’s Constitution, entitled “Labor and Social Security,” expressly recognizes and protects employees’ basic inalienable rights including, but not limited to: vacation, overtime entitlement, job stability, maximum work shift, maternity rights, social security rights, salary protection, profit-sharing entitlement, severance payment in case of unfair dismissal, freedom of association (the right to unionize), and collective bargaining rights, including the right to strike.
Cost of Living in Mexico
Cost of living information includes price indices for rent, food, utilities, transportation, restaurants, clothing and more
Climate – Mexico Weather, Climate and Geography
Mexico’s land mass touches the Gulf of Mexico and Pacific, with each coastline having its own weather patterns.
Safety – Mexico: Public Safety & Security – TripAdvisor
Concerns for safety and security in Mexico have risen steadily over the past decade and various foreign governments have cautioned travelers to Mexico to pay special attention to these matters.
Climate – Mexico City climate and weather
Mexico City has a subtropical highland climate, with warm summers and mild winters, and an annual average temperature of 64°F (18°C). Seasonal variations in temperature are small, but May is the warmest month of the year, and January the coldest, when night frosts are possible. The maximum temperatures of late spring and summer may reach up to 90°F (32°C), and the lowest winter temperatures reach 23°F (-5°C) in low-lying regions but these extremes are rare.
Cost of Living in Mexico City
A guide to the cost of basic living expenses in Mexico City
Business Etiquette – Mexico – International Business Etiquette
The dos and don’ts of business etiquette in Mexico
Business Etiquette – Mexico – Language, Culture, Customs and Etiquette
See “Etiquette & Customs in Mexico” on this site
Safety – Mexico – US Department of State
US Department of State – Go to Safety and Security for updates from the Mexican government
Demographics – Mexico Demographics Profile
Demographic information includes population, quality of life, health, sports, technology, energy and the environment
Demographics – Mexico – The World Factbook
Features map and brief descriptions of the geography, people, government, economy, communications, transportation, military and transnational issues
Education – Live in Mexico – Mexperience
If you are living in Mexico with children of school-age, you will need to choose from the various institutions where they may gain a proper education during their stay here.
Education and Schools in Mexico | Expat Arrivals
The education system in Mexico is segregated by social class. Wealthy families send their children to private schools (colegio), where the standard is high and there is no shortage of good teachers and textbooks, while poor families send their children to public schools (escuela)
Holidays and observances in Mexico
National holidays and observances
Holidays Mexico 2015 and 2016
List of Public holidays and National Holidays for January to December 2015 and 2016 in Mexico.
Trade & Economics | Mexico City
Discussion of trade agreements from the US Diplomatic Mission to Mexico
Over the last 18 years, Mexico has made a dramatic transition from a relatively closed economy, to one of the most open countries in the world.
Mexico law Customs
Aduana (“Customs”) is the centralized federal Mexican government agency charged with the responsibility of controlling importations and exportations to and from Mexico. It is under the general control of the Federal Mexican Government Ministry of Commerce and Industrial Development in its’ Department of Customs.
Mexican Customs: Regulations, Export-Import
Mexico Customs regulations and procedures for importing and exporting goods atMexican border
Housing and Rentals
Mexico City Apartments and Vacation Rentals
Housing and home listings in Mexico City, Central Mexico and Gulf Coast
Mexico furnished apartments, sublets, and houses
Mexico Apartments, Houses & Sublets
Mexico – Lonely Planet
Travel in Mexico is what you make it and the country caters to all types of visitor. Stay in pampering resorts, budget beach huts or colonial mansions.
Mexico | Fodor’s Travel Guides
A complete guide to travel destinations in Mexico
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