Doing Business in Mexico
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Doing business in Mexico. Tips, tricks, advice and information.
Doing business in Mexico can be frustrating, confusing and at times almost impossible for the foreign business person. This is a basic guide to sites and information that can shorten the learning curve, help you avoid costly and embarrassing cultural mistakes and connect with the right sources of information.
This work by Lee Iwan is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License.
This work by Lee Iwan is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License.
Investment, Economy, Statistics and Information about Mexico
- The NAFTA office of Mexico in Canada
- Site provides information about exporting to and importing from Mexico. Information about investing in Mexico and trade facilitation services and links.
- U.S. Commercial Service Mexico
- The U.S. Commercial Service in Mexico offers market research, consulting, trade events, and matchmaking services to help U.S. companies do business in Mexico, export goods and services to Mexico, and find Mexican business partners and distributors.
- Doing Business in Mexico - World Bank
- Great resource providing benchmarking compared to other international economies. Topics include:
Starting a Business
Dealing with Licenses
Employing Workers
Registering Property
Getting Credit
Protecting Investors
Paying Taxes
Trading Across Borders
Enforcing Contracts
Closing a Business - PRO MEXICO Invest in Mexico
- An official government site, PROMEXICO is the Mexican government's office responsible for Mexican exports and foreign investment.
A good overview of opportunities for investment, cost simulator, investment projects and a business center. - Business Service Providers -- U.S. Commercial Service Mexico
- The U.S. Commercial Service in Mexico offers market research, consulting, trade events, and matchmaking services to help U.S. companies do business in Mexico, export goods and services to Mexico, and find Mexican business partners and distributors.
- United States-Mexico Chamber of Commerce
- The United States - Mexico Chamber of Commerce site.
- Mexican Stock Market -Bolsa Mexicana de Valores
- The official site of the Mexican Stock market, availble in English and Spanish.
- Mexico - Links to economic and financial statistics
- Links to Mexican economic and financial information.
- Mexican currency, monetary policy and financial systems - BANXICO
- BANXICO - The Mexican National Bank and related information regarding monetary policy.
The Definitive Business Travel Guide - Leon Guanajuato
Leon Guanajuato Business Travel Guide
An insider's business guide to Leon, answers the important questions about; where to stay, how to travel, logistics, food, what business customs make a difference in starting a business relationship, what is the best way to get started working in Leon, Guanajuato.
- Get your copy here - The Definitive Business Travel Guide - Leon Guanajuato Mexico
- "The Definitive Business Travel Guide - Leon Guanajuato" was written specifically for English speaking international business people who want increase their efficiency and business results when working in Leon, Guanajuato.
Patience and Chaos in Mexico
To successfully work with Mexico one must understand some fundamental truths inherent in the country and culture.
Patience and Chaos are important factors in understanding the people, culture and history.
Patience.
Mexicans are patient people. The have great tolerance for human error. They run on a schedule that is influenced by work concerns, family concerns, their own mental health, and takes into consideration outside factors and influences that might interfere with their plans.
This is not to say that Mexicans are never in a hurry, or are willing to accept poor quality, or like to move slowly.
What it means is that they are not overly disturbed and motivated to emotional outbursts and threats if something gets in their way, or does not go as planned. They patiently seek a solution, and if no solution is present, they accept the reality of the situation.
Chaos
Chaos is part of Mexican culture and society. Lack of long term planning is quite common (at government, business, personal levels), and everything gets done at the last minute. The curious part is that everything DOES get done.
This chaos and disorganization draws strong criticism from individuals used to order, control, planning and expected outcomes in their own countries. Remember that it is a characteristic of Mexico, not good, not bad, just different.
Living in a chaotic environment allows the Mexicans to rapidly adapt to any situation, take advantages of opportunities quickly, and survive quite well in a every changing world.
There is spontaneity in Mexico. Social engagements are arranged at a moments notice, or simply just happen, unplanned and casually. Things just happen. Expect last minute changes in plans, events, and agendas. "Expect the unexpected" is great advice.
Not surprisingly, Mexico is a country where social relationships and social networks are extremely important. These personal bonds and relationships, which are reinforced constantly, help to create order and get things done.
As is the case of all stereotypes, these observations are broad based and may, or may not, have any validity.
Patience and Chaos are important factors in understanding the people, culture and history.
Patience.
Mexicans are patient people. The have great tolerance for human error. They run on a schedule that is influenced by work concerns, family concerns, their own mental health, and takes into consideration outside factors and influences that might interfere with their plans.
This is not to say that Mexicans are never in a hurry, or are willing to accept poor quality, or like to move slowly.
What it means is that they are not overly disturbed and motivated to emotional outbursts and threats if something gets in their way, or does not go as planned. They patiently seek a solution, and if no solution is present, they accept the reality of the situation.
Chaos
Chaos is part of Mexican culture and society. Lack of long term planning is quite common (at government, business, personal levels), and everything gets done at the last minute. The curious part is that everything DOES get done.
This chaos and disorganization draws strong criticism from individuals used to order, control, planning and expected outcomes in their own countries. Remember that it is a characteristic of Mexico, not good, not bad, just different.
Living in a chaotic environment allows the Mexicans to rapidly adapt to any situation, take advantages of opportunities quickly, and survive quite well in a every changing world.
There is spontaneity in Mexico. Social engagements are arranged at a moments notice, or simply just happen, unplanned and casually. Things just happen. Expect last minute changes in plans, events, and agendas. "Expect the unexpected" is great advice.
Not surprisingly, Mexico is a country where social relationships and social networks are extremely important. These personal bonds and relationships, which are reinforced constantly, help to create order and get things done.
As is the case of all stereotypes, these observations are broad based and may, or may not, have any validity.
General Information about Mexico
- The CIA Fact Book - Mexico
- General information about Mexico, geography, population, government, etc.
- Mexico - Wikipedia, the free encyclopedia
- Wikipedia provides a constantly updated general encyclopedic reference for Mexico.
- Economist.com | Country Briefings: Mexico
- Country profile for Mexico provided by Economist.com
- Official Websites of the 32 Mexican States
- Links to the official websites of all 31 Mexican States and the Federal District (Mexico D.F.)
How to Find Competitive Footwear Suppliers in Mexico
An Insider's Guide to SAPICA 2010 Footwear and Leather Goods Fair
Current and accurate information for U.S. and Mexican footwear buyers and sellers to maximize their experience at SAPICA 2010 to enhance the bottom line by realizing the cost savings from sourcing footwear and leather goods in Mexico.
- How to Find Competitive Footwear Suppliers in Mexico
- What is your Mexico footwear sourcing strategy? How do I get started finding suppliers in Mexico?
Never been to Leon, Guanajuato Mexico? Unfamiliar on where to stay, where to eat, what to do, cultural issues, how to do business?.
To help you fully take advantage of your trip to SAPICA, I have written an E-book guide to get you started "How to Find Competitive Footwear Suppliers in Mexico".
Your competitors are learning about the advantages of working with Mexico, don't be left behind.
Mexico has been the subject of many recent articles and news stories regarding changes in footwear manufacturing costs and opportunities in the past year. Every footwear industry professional agrees that logistics costs are moving manufacturing closer to home, political and economic competition is increasing the risk of sourcing Asia, traditional footwear production areas are experiencing rapid change as new world players emerge.
Mexico is one of the global areas experiencing growth and offering increasing opportunities for North American footwear buyers. This guide will prepare you to take advantage of those opportunities.
Books of interest
Mexico and the Law
- Baker & McKenzie - Mexico Legal
- Overview (PDF file download)of the law and doing business in Mexico. Dated 2004, will give the novice a much better idea of what to expect in Mexico.
- Guide to Doing Business in Mexico - Basham, Ringe & Correa
- A PDF file download. Legal overview of doing business in Mexico.
Accounting in Mexico
- PKF International - Mexico Accounting
- Welcome to the home of PKF International. We are a global network of independent firms, offering you first-class accountancy, consulting and business advice wherever you are in the world.
A PDF file download. - Working Globally: Top 10 misconceptions about doing business in Mexico
- Working Globally: Top 10 misconceptions about doing business in Mexico.
Blogs about Doing Business in Mexico
- Lee Iwan - Mexico Business Expert
- A bilingual US citizen, international business consultant, living and working in Leon, Guanajuato Mexico for the past 18 years.
I turn everyone's good intentions into working business ventures.
Communication + Reliable information + Right people = Best Results
Work with international business projects in various markets and sectors across the USA, Mexico, the Americas, Asia-Pacific, South Asia, Africa and Europe.
Global business experience includes; chemicals, leather, footwear and shoe components, pharmaceuticals, agricultural products, textiles, industrial textiles, services, industrial goods, manufacturing, toll manufacturing, maquiladoras, start-ups, distribution, agencies, representations, joint-ventures, partnerships, strategic alliances, consulting, social media, new market research, match making.
Extensive network of C-level executives, government contacts and decision-makers in Mexico and throughout the world.
How can I assist you with your current project and future business challenges? - Business South of the Border
- Business South of the Border
Tips, tricks, advice, information and links to help you successfully do business in Mexico. - Lee Iwan Accumulated Experience
- Lee Iwan, Accumulated Experience
Ideas on leadership, management, planning, how to do business in Mexico and internationally
Mexican magazines and newspapers
Business South of the Border
Tips and tricks on doing business in Mexico.
New Guestbook
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GentlemenGogoVEVO May 8, 2012 @ 11:20 am | delete
- good to know these things about mexico, you wrote interesting things..i like!
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VillaDejaBlue
Dec 28, 2011 @ 1:31 pm | delete
- Nice lens
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BusinessSarah
Aug 24, 2011 @ 12:23 pm | delete
- I write a lot about "foreign corporations" within the US (registering in one state, and then expanding into another), and doing business in another country is another fascinating topic! Thanks for the great information. :)
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BlazeCon
Jul 24, 2011 @ 8:14 am | delete
- Its good to read this lense.Thanks for sharing it.
Bonus
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kurtquintana Feb 26, 2011 @ 12:09 pm | delete
- Very informative Mr Iwan. This is a suggestion, I did not see any links to the FBI , Ice (Immigration and Customs Enforcement). I travel deep into Mexico a few times a year, but I would suggest to anyone traveling into Mexico for more than a couple of days to call their local FBI field office and ICE and give them a fairly detailed idea of your itinerary. As a rule I usually make copies of my itinerary and make arrangements with both agencies to mail them on or before the day of my departure. In case of my non-return there is a paper trail of my last where abouts in the U.S. Very good lens thanks for the info.
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Sep 4, 2010 @ 3:13 pm | delete
- Thumbs up!
Great lens... very informative. Thanks for the good read.
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Micro Niche Finder Review
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Apr 6, 2010 @ 4:33 am | delete
- It's nice to know the business in Mexico.
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Trever St. Louis
Jul 10, 2007 @ 12:44 pm | delete
- Just spent some looking at the site and think it's a great idea. I recently moved back to Mexico with a company but have since left the company and started a small business with my brother in law here. Needless to say it has been a learning experience on every level. I'll leave at that for now.
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About Me
by Lee
A bilingual US citizen, international business consultant, living and working in Leon, Guanajuato Mexico for the past 18 years.
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