Mexico is the second largest and most stable economy in Latin America and one of the most important economies in the region. During the last 30 years, the country has implemented measures designed to increase the international trade and attract more investment, but there are no specific tax incentives for foreign investment.
The country has significant growth potential. In 2018, foreign direct investment totalled USD 31.6 million, with the USA being the largest source (38.8%), then Spain (13.1%), followed by Canada (10.1%). The main sectors of foreign investment for 2018 were industrial manufacturing, energy, water and gas, trade, financial services, and mining.
Mexico has a favourable business environment with a legal framework that protects foreign investments through APPRIs. It also has one of the largest networks of free trade agreements, low labour costs, extensive natural resources, a strategic location, and exchange stability of its currency.
These opportunities come with challenges, though, especially regarding Mexico’s idiosyncrasies, corporate culture, and how to conduct business in this strategically located market.
AUXADI can become your ideal investment partner in Mexico. From our offices, located in Mexico City, we offer a One Stop Shop value added Outsourcing services in the areas of Accounting and Reporting, Tax Compliance, Payroll Management and Representation services, among others.