Why you should do business in Mexico?
Mexico is on the path of changing its status from a developing country to a strong emerging economy, offering numerous possibilities for businesses to prosper. Especially in the last years, the country has increasingly attracted companies from abroad.
It is not only the low wages compared to Germany that turn business operations in Mexico into a profitable investment, but also the excellent strategic location. Moreover, Mexico is part of the United States Mexico Canada Agreement (short: USMCA), which significantly facilitates trade and incorporates legal processes and agreements. Hence, business investors are granted international rights which strengthen security and stability. Moreover, Mexico´s legal system does not differentiate between domestic companies and those owned by foreigners.
Introducing WMP Mexico Advisors
The importance of proper accounting and tax consulting
Laws and regulations are different in every country; Mexico is no exception. In fact, Tax Law in Mexico is constantly changing. Therefore, considering legal consulting is highly recommended in order to run your business in full compliance with all applicable rules and regulations in a timely manner. Especially the Mexican tax system has a reputation of not being easy to handle. The tax reform in 2014 aimed to increase fiscal revenue and to limit special arrangements.
Significant savings in resources, time, and money can arise from dynamic consulting practices and Business Process Outsourcing (BPO). The latter also ensures compliance with ever-changing laws and regulations and allows you to focus on your core business and is a solution to employee turnover in a highly dynamic labor market.
We serve our clients, who represent different industries, with over 100 employees at our offices in Queretaro, Mexico City, Puebla, Monterrey, Stuttgart (Germany), Greenville (S.C., USA) and Shanghai (China).
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