“Mexico is tipped to be one of the world’s top 5 economies by 2050. This can be explained in part by the rapidly growing automotive and finance sectors, as well as the bold reforms pushed through by President Peña Nieto’s administration in the energy sector.
Mexico’s is Latin Americas second largest economy, with a strong extractive sector and a population of over one hundred and twenty million people. And recently rated by the World Bank as the best jurisdiction in the Region to do business.
Mexico’s alignment with the Western culture and its proximity to the US has helped persuade international companies to favour the country as a reliable location for production and manufacturing activities. Companies and individuals looking at foreign direct investment in Mexico are drawn by the fact that the nation has a large pool of human talent covering a wide range of services and industries at all levels of skill set. Foreign investors are attracted by reduced manufacturing costs, high quality work and a lower payroll burden relative to Europe or even China.
Recent changes to the Mexican Foreign Investment Law mean that the process is very transparent, and as a result, many foreign entrepreneurs have followed the lead of large multi-nationals by identifying business opportunities and setting up innovative start-ups across the country, and often thanks to the help of organizations such as the Mexican Association of Venture Capital and Private Equity (MEXCAP) and the National Institute of Entrepreneurship (INADEM).” – Alex Mahoney, MBS Country Manager.