Benefits of Doing Business in Mexico
Thinking of starting a business in Mexico as a foreign investor? Let’s talk about it!
Mexico is one of the most preferred countries by foreign investors. Of course, people don’t make random decisions to invest in Mexico and start a company. If you don’t have enough time to study for your lesson, then we got your back.
Although there are plenty of investor-friendly countries in the world, Mexico stands out in the competition. Of course, the Mexican government offers many advantages as well as disadvantages. However, today, we are going to focus on these advantages.
If you want to learn more about why you might want to consider starting a company in Mexico, read on!
Why Should You Form a Company in Mexico?
Here are the top 5 reasons to consider Mexico as the country where you’ll establish your company. We bet the following reasons will seem very appealing to you as well.
Constantly Growing Domestic Market
With a population of over 120 million and potential consumers, Mexico is an ideal country to start your business. However, what makes Mexico appealing is its ever-growing domestic market. It is worth mentioning that the middle-class segment is constantly growing, and their purchasing power is improving day by day.
Today, the middle-class segment corresponds to 47% of the overall population. Moreover, living standards are constantly improving. According to the experts, Mexico will be one of the five largest markets before 2050.
Considering that the Mexican government supports foreign start-ups and provides incentives, this is a great country to start your business.
Great Infrastructure for Trading
The Mexican government pays utmost attention to infrastructure in the country. Today, Mexico offers a comprehensive highway and railway network all across the country. Besides that, the Mexican government also invests in improving infrastructure in the northern parts.
This can provide an excellent opportunity for Mexican companies to import and export goods from the United States and operate internationally.
Promising and Diversified Economy
The Mexican government invests and supports almost all kinds of industries. From agriculture to the service sector, industry to tourism, you are likely to make profits in any industry you can think of in Mexico. As of today, Mexico is the 11th largest exporter in the world.
Additionally, Mexico focused on raw material production, which will boost its export volume soon. Since it’s a neighbor to the United States and has direct trading routes with China, Mexican products can be accessed all around the world.
Favorable Trade Agreements
The Mexican government has trade agreements with over 50 countries that correspond to almost half of the world's population. If you plan to export your products or services, Mexico is one of the best alternatives for you.
You can access almost every part of the world at affordable costs. When you combine this with low labor costs, your business has no chance but to be successful. This can be a great motivation for any foreign entrepreneur planning to form a company in Mexico.
The Mexican Government Supports Foreign Direct Investment
Undoubtedly, the current Mexican government does its best to attract direct foreign investment, and they provide everything a foreign investor is looking for to attract entrepreneurs and larger companies. With the steady and ever-growing market, you might consider setting up a business in Mexico as a foreigner.
It is worth noting that Mexico ranks number 15 for foreign direct investment preference.
The Mexican government pays utmost attention to infrastructure in the country. Today, the country offers a comprehensive highway and railway network all across the country. Besides this, the Mexican government also invests in improving infrastructure in the northern parts.
Need more information?
Have you decided to open a company in Mexico? Great! You can read our detailed article about establishing a company in Mexico by clicking on the highlighted link.