WMP Mexico Advisors one year in home office

March 2020 - The first Covid-19 cases occur in Mexico. In April of that year, home office becomes mandatory for all non-systemic professions. This means that WMP Mexico Advisors will also be forced to send its employees to home office. To date,…
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New agreement on Outsourcing Reform

On April 5, 2021, The Mexican President Mr. Andres Manuel Lopez Obrador, Union and business leaders reached a new Outsourcing and Profit Sharing agreement. The following is included in this new agreement: Personnel outsourcing is banned, …
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Querétaro among the 10 cities with the greatest economic potential

Querétaro is ranked 8th in the list of cities under 2 million inhabitants with the greatest economic potential. This ranking was published by the Financial Times Business Magazine in collaboration with FDI Intelligence. Different factors, such…
Startups in Mexico

Why is Mexico the startup hub of Latin America?

In Latin America, Mexico is considered the most popular country for founders. The main reason being its strategic location and access to the US market. Besides, in comparison to other Latin American countries, Mexico stands as a new-technology…

New Business Division WMP Digital

We are pleased to introduce WMP Digital, the newest of our business units. In addition to Tax&Accounting, Consulting and Legal, WMP is expanding its portfolio with an added value to support its customers along the digital transformation…

Initiative on Outsourcing Reform: What does it mean for employers in Mexico?

On November 12, 2020, the President of Mexico, Mr. Andrés Manuel López Obrador, submitted before the Congress an initiative on Outsourcing Reform, which is seeking to protect workers by eliminating Outsourced Services or Subcontracting. To…

Online trade booming in Mexico

In 2020, online retail purchases registered 81% increase in Mexico. Online best sellers are foodstuff deliveries, electrical items, and cosmetic products. What are the opportunities for investors?   Online retail sales in Mexico accounted…

The crisis as an opportunity – Social Media, a helping hand for Mexican Companies

Even though lockdown in Mexico is not as stringent as in other countries, small businesses, and the restaurant industry in particular are suffering from the restrictions here as well. While small businesses have had to close down, others are…
Mexican Flag in Quintana Roo

Mexico, third place among the most visited countries in 2020

Despite the Corona pandemic, 25 million tourists visited the Caribbean beaches located nearby Cancún. Is there a benefit for the Mexican tourism sector?   According to the World Tourism Organization, Mexico rose from seventh to third…
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Uncollectible Accounts

Collections in Mexico The collection process in Mexico may be quite difficult due to missing standards and complicated legal processes in this area. There is no framework on standard payment terms or on late payment fees. These must be agreed…