Mexico has grown into an attractive emerging market for foreign entrepreneurs. The country is the second largest economy in Latin America with a USD 1.26 trillion GDP, which places it as the 13th largest economy worldwide. As follows, our Mexico company formation agents present two of the most attractive investment industries in Mexico.
In the last 10 years, the automotive industry in Mexico has been the most important sector for investments. During this time, the number of automotive manufacturers which entered the local market increased significantly.
The establishment of NAFTA increased the economy of Mexico and accelerated the automotive sector growth of the country.
The Mexican Association of Automobiles (AMIA) data proves that the country has developed from producing 505,202 cars in 1988 to 2,933,455 in 2013.
The recent investment announcements made by luxury car manufacturers like Mercedes-Benz, Audi, Nissan Infinity and BMW transformed Mexico into a major car manufacturer and offered it huge credentials to continue its raise.
Our company formation advisors in Mexico can offer assistance to open a company in this sector in Mexico.
In the last years, the aerospace sector in Mexico has become one of the most attractive investment industries in Mexico. Our Mexico company registration consultants can help you register a business in this sector in the country.
Starting with 2010 and 2011, there were numerous factories which were opened by leading North American and European aerospace component corporations.
Advantageous wages, together with its location close to the world’s largest aviation market, allowed the local aviation sector to develop.
The industry statistics continue to witness a positive trend, even though there was a certain slowdown in this industry on a global perspective.
In the last seven years, the aerospace industry in Mexico has proven to be one of the most significant in the world, registering an increase of around 20% per year and establishing itself as a hub for manufacturing, development and design of quality strategic value.
If you need to know more about the new investment opportunities in Mexico, or for assistance in setting up a company in Mexico, we invite you to get in touch with our local company formation agents.
If you need assistance on the tax system applicable here or on the accounting formalities imposed to Mexican and foreign companies, you can address your inquiries to our CPA in Mexico.
Our financial specialist can help you understand the reporting obligations you can have once you set up a business in this country or you expand a business that operates on a foreign market.
