Why should you form a company in Mexico?
For decades, Mexico has been seen as a point of interest by international companies. New Mexican government reforms have led to an increase in foreign direct investment. Framework conditions that are favorable for companies will continue to generate new expansion projects in the future.
Mexico offers the perfect conditions for investment: an ideal geographic location, excellent commercial relationships, and a promising economy with a young and well-trained workforce.
Mexico company registration
We help you in all aspects of your company’s incorporation in Mexico. We assist you in every step along the way during your company’s set-up, and we support you during visits to authorities and public entities – including the opening of bank accounts.
Legal Compliance Service
With our in-house attorneys, we have the necessary legal expertise to ensure a succesful operation of your Mexican subsidiary, in full compliance with Mexican policies.
As experts in administrative and legal matters, we support you with applications for your foreign employees’ work permits. We know the requirements and basic conditions and can adapt to any unforeseen situation, successfully processing work visas for you as quickly as possible.
We keep your company records in order. This includes all changes made to the company’s legal record in the current fiscal year such as shareholders’ meetings to increase capital or to grant powers of attorney.
Mexico’s economy knows how to convince
There are several more reasons for a company registration in Mexico. With a GDP of $2,4 trillion in 2017, being higher than its North American Free Trade Agreement partner Canada, Mexico has increasingly caught the attention of foreign investors. Being an export economy, the country moved into the fourth place in the ranking of the world´s biggest automobile exporters. Not only the exports, but also the fact that the international trade agreements with 46 countries contributed to Mexico´s global competitiveness.
Manufacturers mainly benefit from them as they grant them duty-free access to more than half of the world. Although corruption and drug cartels still belong to Mexico´s reality, the culture and economy of the country keeps attracting people and businesses from all over the world.
Managing and understanding Mexican business culture
In addition to acquiring knowledge of the country´s regulations and laws, a successful company formation in Mexico requires a profound understanding of its etiquette and corporate business culture. A manager is expected to demonstrate integrity, trustworthiness, and sincerity towards the personnel. Especially in medium sized companies, Mexicans are more concerned about building long lasting personal relationships with their coworkers and managers than about the status of the business they represent.
Cross cultural business management hence needs to familiarize with the hierarchical manner in which businesses in the country are being operated and how decisions are made.
What is the Vision of Mexico 2030?
In 2012, the organization Executive Board of Global Companies (Consejo Ejecutivo de Empresas Globales = CEEG) defined a competitiveness agenda which contains long-term proposals for productivity, economic growth and social inclusion. The document visualizes Mexico in the year 2030 and can be used as a guideline to face the opportunities and challenges regarding the Fourth Industrial Revolution, in order to stay competitive in a global context.
A company registration in Mexico will therefore not only hold short-term benefits, but also sustainable success.
Main goals of the Vision of Mexico 2030:
- Position Mexico among the top five exporters of the world
- Duplicate labor productivity
- Double the per capita GDP and improve its distribution
- Multiply social development opportunities by creating one million
We serve our clients, who represent different industries, with over 100 employees at our offices in Queretaro, Mexico City, Puebla, Stuttgart (Germany), and Greenville (S.C., USA).
WMP Mexico Advisors
Pabellón Santa Fe
Anillo Vial Junípero Serra 2601 Office 201
Residencial Juriquilla Santa Fe
76230 Querétaro, Querétaro Mexiko
T: +52 (442) 209 6870
Dicsover the most attractive economic regions located in Mexico
- Automotive and aerospace industries in the Bajío region
- Puebla – Automotive mecca since the early days
- Metalworking industry at the US border
- Jalisco – The Mexican Silicon Valley
- Headquarters and the chemical industry in the capital region
- Baja California – The gateway to the Pacific Ocean
Automotive and aerospace industries in the Bajío region
Located in the center of the country, the states of Aguascalientes, Guanajuato, Querétaro, and San Luis Potosi are among the most popular regions when it comes to the location of automobile manufacturers. The new BMW and Daimler plants, which will open in 2019 and 2020 respectively, will also ensure an additional demand for suppliers. For the aviation industry, a strong growth potential is predicted for the coming years, which will consequently attract more FDI.
The Canadian company Bombardier has a strong presence in Querétaro, and a specialized Aviation University is located there. Overall, Mexico is one of the six most important suppliers in the U.S. aviation sector.
Puebla – Automotive mecca since the early days
Since the mid-sixties, the Volkswagen Group has been producing individual models in Puebla. Meanwhile, the German car manufacturer Audi has established facilities in the same state, more precisely in the village of San José Chiapa. In 2016 the new production plant, which includes an education center, was inaugurated.
Metalworking industry at the US border
Years ago, the metal industry was established close to the US border, in the Mexican state of Nuevo León, especially around its capital Monterrey. An advantage of this location is its proximity to the US market, as 84% (2017) of exports go to the neighboring country.
Jalisco – The Mexican Silicon Valley
IT companies have settled mainly in the state of Jalisco, which is located on the west coast of Mexico on the Pacific Ocean.
The region around Guadalajara is known as the Silicon Valley of Latin America, where you can find more than 700 high-tech companies such as Oracle, HP, Motorola, and IBM. Jalisco currently has the fifth-highest number of companies with FDI in Mexico. Approximately 50 percent of all foreign investment comes from the United States and Canada, with another 25 percent from Europe.
Headquarters and the chemical industry in the capital region
The location in and around the Mexican capital has been chosen by many companies for their Mexican headquarters. It is not only the central location and the well-developed infrastructure that speak for this region, but also its proximity to the economically strong regions of Puebla and the Bajío. The capital region has attracted companies from the chemical industry such as BASF and Bayer.
Baja California – The gateway to the Pacific Ocean
Baja California is an excellent opportunity for suppliers in all sectors due to its privileged geographical location and proximity to the United States. In recent years, medical technology is the main type of company to be established in this region; these companies work closely with manufacturers in San Diego.
The port of Ensenada, one of the five seaports in Baja California, is one of the most important ports on the Pacific Ocean.