The U.S. and Mexico have a tax treaty that helps avoid double taxation and clarifies how income, like business profits, dividends, and interest, is taxed. Still, U.S. persons are generally taxed on worldwide income, including what they earn in Mexico.
H&CO
Mexico
Your strategic partner for Growth and Innovation in the American market.
Local Expertise in a Global World
Our network of contact offices spans continents, bringing the expertise of H&CO professionals closer to you. Whether you're seeking financial advice, strategic consulting, or tailored solutions, our dedicated teams in various locations are here to serve you with a personalized touch.
Mexico
Doing Business
Expanding into Mexico means navigating complex tax, labor, and regulatory rules. We help U.S. and international companies set up and grow their operations through expert local guidance and end-to-end compliance support.
How to
open a Business
Setting up a company in Mexico requires choosing the right legal structure, registering with authorities, and complying with tax and labor rules. We guide U.S. and international investors through every stage to reduce risks and speed up market entry.
Opportunities of Doing Business in Mexico
Mexico offers a wealth of opportunities for businesses across various sectors. Here are some of the most promising areas:
Energy
Mexico has made significant strides in renewable energy, especially in solar and wind power. Its geographic conditions and government incentives create attractive opportunities for investment in clean energy and sustainability initiatives.
Agriculture
As a top global exporter of avocados, tomatoes, berries, and tequila, Mexico’s agricultural sector is dynamic and export-oriented. There is growing potential for agritech, supply chain innovation, and sustainable farming solutions.
Technology and Innovation
Mexico's tech scene is expanding rapidly, with strong growth in fintech, software development, and e-commerce. A young, tech-savvy population is fueling demand for digital services and startup ecosystems in cities like Guadalajara and Monterrey.
Tourism
Mexico's tourism sector is a key contributor to the national economy, attracting millions of visitors each year to its beaches, historical cities, and cultural landmarks. The industry generates significant foreign exchange and employment, especially in destinations like Cancún, Los Cabos, and Mexico City.
Manufacturing
Mexico's manufacturing industry is one of the most dynamic in Latin America, driven by sectors like automotive, aerospace, electronics, and medical devices. Supported by free trade agreements and a skilled workforce, it plays a vital role in exports and foreign investment.
Top 5 FAQs About Doing Business in Mexico
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What are the risks of doing business in Mexico?
What are the risks of doing business in Mexico?
Doing business in Mexico involves risks such as regulatory complexity, security concerns, and economic volatility, but with proper planning and local guidance, these challenges can be effectively managed.
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What should I know before conducting a business meeting in Mexico?
What should I know before conducting a business meeting in Mexico?
Business meetings in Mexico are generally longer than those in the United States. It is essential to recognize that Mexican social etiquette prioritizes small talk before diving into business discussions. Moreover, cultural customs often make it difficult to say no, meaning that a “yes” may not always indicate true agreement.
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Is a visa required for a business meeting in Mexico?
Is a visa required for a business meeting in Mexico?
No visa is needed for business meetings in Mexico if you're from a visa-exempt country like the U.S., Canada, most EU nations, the UK, Japan, or certain Latin American countries. You can stay for up to 180 days with a valid passport and by completing the Forma Migratoria Múltiple (FMM) on arrival.
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Why is it hard to do business in Mexico?
Why is it hard to do business in Mexico?
Paying taxes in Mexico is an unnecessarily complex and time-consuming process. Companies spend over 240 hours each year navigating this system, even though there are typically only six types of payments to make.
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Is it safe to travel to Mexico for business?
Is it safe to travel to Mexico for business?
Yes, it is generally safe to travel to Mexico for business, especially in major cities like Mexico City, Monterrey, and Guadalajara, where most business activities are concentrated—though it's essential to stay informed about local conditions, avoid high-risk areas, and follow standard travel precautions.
Why H&CO?
We specialize in guiding global investors, families, and multinational businesses through the complexities of cross-border investments and business expansion. With offices in over 30 countries, we are a trusted partner for those seeking to relocate, invest, or expand their business abroad providing tax, advisory, and integrated global solutions.
- 1,000+ multilingual professionals, providing local expertise with a global perspective.
- Client-focused leadership with deep industry experience in global markets.
- Forbes America’s Top 200 CPAs, 2025
- Forbes Best in State Top CPAs, 2025
- USA Today America’s Most Recommended Tax and Accounting Firms, 2025
- IPA Top 100 Accounting Firms, 2025 – Ranked #66
- IPA Fastest Growing Firms, 2025
- SFBJ Largest Accounting Firms by Billings, 2025
- SFBJ Largest Accounting Firms by CPAs, 2025


