Why programmers are the future of Mexico.

Digitization in Mexico is making quick progress. Whereas in 2018 only 23% of the companies located in Mexico implemented digitalization platforms as part of their business, the figure has increased up to 69% since the pandemic in 2020. Digital…
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Faces of WMP | WMP Legal

To help you get to know our teams and employees better, from now on we will introduce them to you on our blog. This month, the WMP Legal team. WMP Legal WMP Legal is a German-Mexican law firm and part of the WMP Mexico Advisors Group, which…

Mexico ranked among the 10 countries featuring the highest overseas direct investment.

In 2020, Mexico was ranked 9th amongst the countries featuring foreign direct investment. Moving up 5 places since 2019 according to UNCTAD data. In addition to Mexico, USA, China, Hong Kong, Singapore, India, Luxembourg, Germany, Ireland, and…
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Outsourcing Reform – How does it affect service providers?

After months of negotiations on April 23rd the decree to reform the outsourcing legislation has been published. The new regulation came into force on April 24th with exception of the changes for the tax law´s which will be applied from August…

Opening of liaison office in Shanghai

We are pleased to open our WMP Representation Branch Office in Shanghai. WMP Mexico Advisors is expanding its portfolio to also enable Chinese companies to enter the Mexican market. In an interview, WMP’s Managing Director and Founder Thomas…

Why do WMP Mexico Advisors rely on an assorted team?

"Men tend to be risk-takers, women tend to be risk-opposers" – It is a truthful cliché, even in professional life. If both genders are equally represented within the company, resulting decisions will be made in a more balanced and better…
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Tax effects of the Outsourcing Reform

The Outsourcing reform approved on April 20 has not only legal but also tax implications for companies in Mexico. The changes, which affect the CFF, the LIVA and the LSR, will come into effect on August 1, 2021. What will change at the tax…
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Outsourcing Reform passed

On April 20, 2021, the plenary session of the Senate of the Republic, approved in general and in particular the reform to several laws: Federal Labor Law (LFT), Social Security Law (IMSS), Law of the National Workers' Housing Fund Institute…

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, …