Manufacturing in Mexico: Standalone vs. Shelter Company
Posted by Carlos Calderon on August 12, 2021
Companies interested in manufacturing in Mexico have two main options for their operations. They can operate on a standalone basis or use a shelter service company. We can help you evaluate which structure is best based on your company size, needs, complexity and other important considerations.
The New Mexican Regulation on Outsourcing has Arrived!
Posted by Carlos Calderon on April 26, 2021
After several months of analysis and negotiations, the Mexican government published a decree on April 23, 2021 impacting labor outsourcing activities. Learn about the main reform provisions and what this means for your business.
Doing Business in Mexico: What to Expect this Year
Posted by Carlos Calderon on February 23, 2021
As the global pandemic presses on, Mexican businesses have been forced to adapt to the virtual culture and work from home environment. Here is a round-up of the most relevant impacts to doing business in Mexico for 2021.
Work From Home Rules in Mexico
Posted by Carlos Calderon on January 28, 2021
As more work from home positions emerge due to the pandemic, the Mexican government has enacted a labor reform to establish new fair work guidelines. The provisions apply to workers who carry out their activities 40% or more of the time at home.
2021 Proposed Mexico Tax Reform Package
Posted by Carlos Calderon on October 27, 2020
Here are some of the proposed amendments of the 2021 Mexico tax reform package. If approved by October 31, these new laws will go into effect on January 1.
9 FAQs About the USMCA
Posted by Carlos Calderon on August 3, 2020
It has already been a month since one of the most competitive regions in the world, which together generated more than 25% of the world’s GDP in 2019, finally entered into the United States-Mexico-Canada Agreement (USMCA).
10 Recommendations for Mexican Subsidiaries during COVID-19
Posted by Carlos Calderon on May 28, 2020
Companies with Mexican subsidiaries may be wondering how best to proceed in light of COVID-19.
Mexico Manufacturing During the COVID-19 Crisis
Posted by Carlos Calderon on April 13, 2020
Like most of the countries in the world, Mexico has been and will be significantly impacted by the Coronavirus outbreak. With the shutdown of non-essential activities, the peso has devaluated, the index of risk has risen and unemployment rates have soared.
US Senate Approves the USMCA
Posted by Carlos Calderon on January 20, 2020
The United States, Mexico, Canada trade deal (aka. NAFTA 2.0), has finally been approved by the US Senate after 29 months of extensive negotiations. Republicans and Democrats came together to show support with 89 votes in favor of the new agreement.
Considering Expanding to Mexico? Learn the Impacts of Taxes and Personnel Expenses
Posted by Carlos Calderon on November 26, 2019
It is true that Mexico has a highly qualified and competitive labor market, and a young population; however, it is mandatory -- and extremely important -- to factor in the personnel-related requirements below when expanding or operating in Mexico.
Considering Expanding to Mexico? Keep an Eye on Duties and Taxes!
Posted by Carlos Calderon on September 23, 2019
Taxes are a hot topic that should be discussed and planned early in an expansion decision due to the significant impacts on a business. In fact, the ideal time to consider taxes is the moment a cash flow projection is created and when the business structure and plan are outlined
Where is the NAFTA Now?
Posted by Carlos Calderon on June 17, 2019
After Mexico, Canada and the USA officially signed the United States-Mexico-Canada Agreement (USMCA) in November 2018, many of us may have expected immediate action. Clearly, that was not the case! It is expected that this new agreement will bring more investment opportunities to promote the creation of jobs, effectively positioning North America as the most competitive region worldwide.
When Does it Make Sense to Expand to Mexico?
Posted by Carlos Calderon on March 19, 2019
When looking at the competition – especially in the automotive industry –the question on whether it makes sense to expand to Mexico will ultimately arise. Our clients ask this often enough for us to note the key considerations required before determining if this opportunity is right for your business.
Mexico’s Proposed New Tax Reform
Posted by Carlos Calderon on December 5, 2018
As of December 1, 2018, Mexico will have officially elected President Andres Manuel Lopez Obrador. His campaign was focused on topics such as security, education and culture, fight against corruption, compliance with the law, and correct execution of economic resources, to name the most relevant.
How Tariffs Will Impact Your Mexican Operation?
Posted by Carlos Calderon on July 26, 2018
On May 31, the US Department of Commerce announced that tariffs on steel and aluminum were no longer valid for Mexico, Canada and the European Union. Hence, these countries became subject to a 25% and 10% tax on tariffs for these materials effective June 1.
What You Need to know about North American Free Trade Agreement (NAFTA)
Posted by Carlos Calderon on June 21, 2018
Drafted in 1992, the NAFTA document was designed to define the rules of commerce between Mexico, Canada and the United States.