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Mexico
Why Mexico?
Situated in the southern portion of North America, Mexico is officially known as the United Mexican States. Being the world’s 13th-largest country by area; with approximately 126,014,024 inhabitants, it is the 10th-most-populous country and has the most Spanish-speakers. Mexico is organized as a federation comprising of 31 states and Mexico City is its capital. The capital is not only a primate city with a population of approximately 21 million, but also one of the world’s largest cities. Mexico is a developing country ranking 74th on the Human Development Index also has the world’s 15th-largest economy by nominal GDP and the 11th-largest by PPP, with the United States being its largest economic partner. The country is also a member of United Nations, the G20, the Organisation for Economic Co-operation and Development (OECD), the World Trade Organization (WTO), the Asia-Pacific Economic Cooperation forum, the Organization of American States, Community of Latin American and Caribbean States and the Organization of Ibero-American States.
Advantages
The country is one of the top global exporters of manufactured goods and is a major exporter to the United States. Over the next five years, Mexico’s position in the global market is forecasted to grow to be one of the top 20 countries to drive the global economy.
Open to foreign direct investment
The Mexican government is supportive and encouraging of foreign direct investment. Investors are attracted to the region due to its macroeconomic stability, fast-growing customer base and increasingly skilled labor market.
Strong trade agreements
Mexico has trade agreements with 45 countries, providing investors with access to over 50% of GDP worldwide. U.S.–Mexico–Canada Agreement, which will replace for NAFTA, is expected to be ratified by all parties. Mexico has a variety of other trade agreements in place, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the EU–Mexico Trade Agreement, the EFTA Free Trade Agreement and the Pacific Alliance agreement.
Diversified economy
Mexico has a diverse economy that includes agriculture, industrial and the services industry. This diversification helps to create stability for investors. The country is currently the world’s 11th largest exporter due to its strong production capacity. Mexico recently started expanding beyond raw material production, such as oil — focusing instead on manufacturing products that integrate to regional and global value chains.
Infrastructure
The Mexican government has invested heavily in infrastructure, which includes a network of railway and highway systems covering the entire country. The government is making additional investments to develop stronger infrastructure closer to the north and near the United States border.
Growing domestic market
Mexico has over 120 million consumers and a growing middle class with disposable income. The standard of living has risen steadily since the 1994 NAFTA agreement. The county’s middle class has risen to include roughly 47% of the country’s population.
Simple Tax Regime
Individual Tax
In Mexico, resident individuals are subject to Mexican income tax on thei