According to the United Nations Conference on Trade and Development (UNCTAD), Mexico is the eighth most attractive country to invest in the next three years. Mexico has the eighth largest number of engineering graduates in the world, has the highest proportion of population in productive age, its domestic market exceeds 120 million inhabitants, its geographic location, and the access to 46 countries thanks of Free Trade Agreements signed, and among other strengths is why you can develop business in Mexico.
To take advantage of opportunities of doing business in Mexico is important to know the different cultural aspects of the country. Knowing the way in which Mexicans make business gives an advantage for developing a business.
To develop business in Mexico is important to have a good relationship with business agents. For Mexicans trust is the basis of any business relationship, this will facilitate decision making and business implementation.
To invest in Mexico, is required that companies take in consideration the regulatory aspects of the different sectors to establish operations in Mexico. Some of the regulatory aspects that should be considered are: corporate, fiscal, labor, administrative, and environmental.
Ways to operate and develop a business in Mexico:
· Representation and branch offices
· Commercial and civil societies
· Distribution contact
· Public-Private partnerships
· Joint ventures