Auxadi Mexico
Mexico is the second largest and most stable economy in Latin America and one of the most important economies in the region. With a population heading towards 130 million, it has a sizeable market, a relatively well qualified workforce and extensive natural resources. According to the World Bank, Mexico is ranked 60th, higher than all other countries in Latin America and the Caribbean, on the Ease of Doing Business index.
A growing interest in direct foreign investment in the Mexican economy has catapulted the country into the number two spot for foreign Spanish investment. During the last 30 years, the country has implemented many measures designed to increase the international trade and attract more investment.
Mexico attracts the most foreign direct investment in the region of Central and South America, and is well integrated into the world economic fabric, being a member of the OECD, NAFTA, the G20 and the Pacific Alliance. The country’s main economic areas include industrial manufacturing, chemical services and financial services.
And, when we consider Mexico also has an expansive network of free trade agreements, low labour costs, stability of currency exchange and its highly strategic location for trade with the U.S. and LATAM – it’s easy to see Mexico’s investment potential.
Mexico
Mexico is the second largest and most stable economy in Latin America and one of the most important economies in the region. With a population heading towards 130 million, it has a sizeable market, a relatively well qualified workforce and extensive natural resources. According to the World Bank, Mexico is ranked 60th, higher than all other countries in Latin America and the Caribbean, on the Ease of Doing Business index.
A growing interest in direct foreign investment in the Mexican economy has catapulted the country into the number two spot for foreign Spanish investment. During the last 30 years, the country has implemented many measures designed to increase the international trade and attract more investment.
Mexico attracts the most foreign direct investment in the region of Central and South America, and is well integrated into the world economic fabric, being a member of the OECD, NAFTA, the G20 and the Pacific Alliance. The country’s main economic areas include industrial manufacturing, chemical services and financial services.
And, when we consider Mexico also has an expansive network of free trade agreements, low labour costs, stability of currency exchange and its highly strategic location for trade with the U.S. and LATAM – it’s easy to see Mexico’s investment potential.
Why Auxadi is trusted as an expert outsourcing provider in Mexico
Auxadi are leading provider of outsourced corporate services in Mexico, supporting large multinationals and alternative investment fund managers with their international expansion and investment.
Mexico has implemented many measures designed to increase international trade and attract foreign investment. While there are restrictions in place limiting foreign investment in certain sectors and business activities, the average incorporation time is just nine days, with four different corporate structures for foreign investors to choose from.
Through a single-point-of-contact delivery model and our leading MySPV technology platform, we offer an unrivalled solution that can help you grow your business.
International Accounting, Tax and Payroll in 50 countries
Corporations
We can help you with your international expansion and we serve more than 600 clients across many different sections. We become an extension of your finance departments abroad and you can access the accounting information of all your international subsidiaries through a single portal, customised to meet your needs.
Funds
With nearly $7 billion of assets under management, we can take of the corporate management and SPV administration of your investment structures. Whether you’re creating a holding structure in Luxembourg or setting up a SPV in Europe and Latin America, we offer accounting, reporting, tax compliance and directorship solutions to help make your life easier.
Our services in Mexico
Tax Specialists
Mexico has two levels of local taxes – federal and state – and all companies must submit monthly (and annual) tax returns that include VAT and withholdings. Annual informative declarations are also required, including a mandatory transfer pricing report.
Though Mexico has no specific tax incentives in place for foreign investment, there are tax benefits available within certain states and municipalities, and there are double taxation treaties in place with more than 60 countries.
We’re experts in international taxation and can help you to comply with the various tax requirements in Mexico. Let our expert tax team in Mexico take care of local taxation rules, using our purpose built automation technology, so you and your operations remain tax compliant.
- Tax compliance – covering multinational, federal, state, and municipal taxes
- Official Books and Annual Accounts
- Assistance with tax inspections and audits
- Tax reviews and claims
Accounting Specialists
The accounting system used in Mexico is modern and international and keeping on top of Mexico’s regulations can be challenging. The applicable accounting standards in Mexico follow the model of inputs, outputs and maintenance of the bookkeeping, compatible with most European accounting systems. Companies are required to prepare financial statements in Spanish.
The country has its own reporting standard – the Mexican Financial Information Standard, or NIF – which is c. 70% compatible with IFRS. Our expert team based in Mexico City have local knowledge and understanding of the NIF reporting standard to help make your life easier.
We help global corporations and fund managers with all their corporate accounting requirements. Our accounting experts in Mexico offer:
- Accounting and bookkeeping
- Management accounting
- Statutory accounting
- Official Books and Annual Accounts
- Cash management (including payments)
- Reporting
- Consolidation of finanical statements
- Bank account tracking
- Treasury and cash flow forecasts
- Audit assistance
Payroll Specialists
Mexico has low labour costs for its relatively well qualified workforce, but undertaking Mexican payroll can be challenging. Taxes and social security are set at multiple levels of government, and Mexico has active labour unions.
Labour relations in Mexico are regulated by the Federal Labour Law, the Social Security Law from 1995 and other secondary laws. These laws limit foreign hiring to 10% of the workforce, in other words, it establishes the obligation to hire 90% of Mexican workers.
The employer must provide social benefits to the worker, through the Mexican Social Security Institute (IMSS), the Retirement Savings System (SAR) and the National Housing Fund Institute for the Workers (INFONAVIT), and tax rates are based cumulative income, with different rates for foreign workers.
Our experienced and knowledgeable team of payroll specialists in Mexico will use our unique payroll technology platform to manage your payroll function. You’ll have permissions control for reviews and approvals and automated processes that can be easily consolidated across your global business.
Monitor and manage your international subsidiaries with our MultiCountry online platform
Access our online platform that provides you with a global and harmonized view of the accounting of your international subsidiaries, with drill down functionality to check support documentation, such as: invoices, outstanding creditors, approve payment orders, manage the payroll processing cycle and so much more. Request a demo to see how our technology can help you.
Get access to Auxadi corporate materials and technical guides to know more about us.
Auxadi in Mexico
Hamburgo 213, Piso 15 – C,
Col. Juárez, Alcaldía Cuauhtémoc,
06600, Ciudad de México
Tel: + 52 (55) 5207 2122
Count on our professional and extensive experience in the Mexican market, for your investments in Mexico and elsewhere in Europe, the United States and Latin America.