Looking forward to expanding and going abroad with your business? Take a look at Mexico, a green land of opportunities.
Branding internationalization
Having a good business is not just about a great idea, it is also about having a strategy. To have a developed plan with clear objectives, defined goals and wide vision about what we really want to accomplish.
If you already accomplished your goals in your business and are looking forward to challenging yourself, to expanding your services/products, conquering new markets and fulfilling more customer’s requirements; you might want to consider to internationalize your brand.
When going abroad, come up with a lot of doubts and questions concerning where to go, when to go or how to do it. Do not worry, take a deep breath and keep reading.
What to take into account when going abroad with my business?
There is not just one factor to analyse, we will go through the principal ones. Remember you might add several more regarding your business or product.
-
-
Location
-
The geographical location that Mexico occupies gives it strategic advantages, both commercial and political. First it shares an extensive border with the United States of America. Then, climatic diversity as well as its biodiversity and finally, the access to the sea from Pacific and Atlantic ocean allowing international trade to European and Asian markets.
In addition Mexico is the connection bridge with the Latin American markets.
-
-
Commercial trades
-
Mexico is the second country with more trade agreements around the world. Leading the networking in economics promoting foreign investment, reducing and in many cases eliminating taxes and no taxes barriers contributing to improve competitiveness among business.
Take a look in all the trades here.
-
-
Population
-
With a population of nearly 130 million, Mexico is the eleventh largest economy in the world. The majority of the mexican population is young, talented and skilled in a wide range of industries. Its rich cultural diversity becomes a huge potential market for the economy.
The country has a qualified workforce and competitive advantages; english as a second language, high training, certifications and specializations.
-
-
Politics and Taxes
-
Foreign Investment has been consolidated as a complementary source of resources for finance the economic growth of Mexico.
Mexico has, in principle, no restrictions concerning Foreign Investment (FI); there are, however a few sector specific restrictions and some other review regimes applicable to FI, for example: national-security or public-interest reason, activities reserved to the Mexican Government, hydrocarbon exploration. Read the complete document here.
The main taxes applicable to companies doing business in Mexico are Income Tax (ISR), Value Added Tax (IVA), Excise Tax (IEPS) and social security fees, which must be paid on behalf of employees.
If you want to know more details about branding internationalization; taxes, how to set up a company and business advice in Mexico, contact us.
