Start a Business in Mexico

USMCA (US-Mexico-Canada trade agreement) gives tariff-free access to a $28T combined market

Nearshoring boom — Tesla, BMW, Amazon building major facilities due to proximity to US

30% corporate tax is high — but Maquiladora/IMMEX regime reduces effective rate for manufacturers

Severance is extremely expensive — 3 months salary + 20 days per year worked. Plan carefully.

Profit sharing (PTU) is mandatory — 10% of pre-tax profits distributed to all employees annually

Northern Border Zone offers 20% CIT and 8% VAT — best incentives in the country

Spanish is essential — English penetration is low even in business. Bilingual operations recommended.

132 million consumer market, 2nd largest economy in Latin America, direct border with US