Spotlight on Mexico

Expanding overseas is a great opportunity to grow your business, but where to start? Mexico is a natural bridge between Latin America and the United States, and ranks in the top 3 emerging markets for developing countries. Mexico has also achieved political and economic maturity, and the labor force is young and growing each year.

If you’re thinking of starting your international expansion or growing your existing business in Mexico, now is a great time to start.

Once you’ve decided to expand, there are many considerations. There are many regulations and mandatory employee benefits in Mexico, including profit sharing, bonuses, paid religious and legal holidays, employer housing contributions, and pensions.

The language and cultural barriers can be challenging as well, since Spanish is the main language used in business transactions. The federal tax and labor laws can also be complex and costly if not strictly followed.

To navigate expansion or growth in Mexico, you need a partner with local in-country expertise who can help you manage the labor laws and tax regulations.

Ask the Expert: Setting up a business and employees in Mexico

Our Head of Global Consulting, John Galvin, offers helpful advice for setting up a business and employees in Mexico. Read the full article.

HR Outsourcing and Benefits Administration – Corban OneSource

Whether you work in finance or human resources, chances are your role is a blend of administrative and strategic responsibilities. Learn more about outsourcing HR in the full article.