Doing Business in Mexico

Doing Business in Mexico : A Practical Guide

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Learn what you need to know to conduct successful business in Mexico!This book is a primer on all aspects of doing business in Mexico, with practical examples that illustrate the risks and benefits of Mexican business operations. It provides the basic knowledge that all prospective investors and entrepreneurs in Mexico need, especially in the light of NAFTA. One of the authors is the former CEO and chairman of a multinational, multi-billion dollar company headquartered in Mexico City; the other is a CPA and consultant with small-to-medium-sized firms. Doing Business in Mexico: A Practical Guide provides you with comprehensive, basic knowledge of the pros and cons of establishing a business in Mexico, NAFTA and its implications for businesses, and much more.This single volume gives you what you need to know about:


the maquila industry--what it is and how NAFTA affects it

information about taxes, labor law, and accounting differences between Mexico and the United States

basic considerations in beginning a Mexican operation

import/export requirements

foreign currency exposure

United States tax laws applicable to citizens living abroad

. . . and includes five appendixes that supply you with:

contact information--addresses, telephone numbers, Web sites--of useful government agencies and journals/periodicals in Mexico and Mexican consulates in the United States

Spanish-English and English-Spanish business glossaries

examples of Mexican financial statements

minimum daily wage rates for various occupations

Doing Business in Mexico: A Practical Guide is a must for anyone with an interest in business operations in that country. If you are such a person, this is the one essential volume you cannot afford to miss! Visit the author's Web page at http://www.gusgordon.com
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Product details

  • Paperback | 162 pages
  • 145.8 x 225.55 x 10.92mm | 249g
  • Routledge Member of the Taylor and Francis Group
  • New York, United States
  • English
  • 0789015951
  • 9780789015952

Table of contents

Contents


Preface

Chapter 1. Introduction to Doing Business in Mexico

Why is Mexico Attractive?

Risks

Chapter 2. Overview of the Maquila Industry and NAFTA

The Maquila Program

Overview of the NAFTA

Summary

Chapter 3. Overview of Mexican Taxes, Labor Law, and Fiscal Requirements

Income and Other Nonpayroll Taxes (Federal)

Labor Law and Taxes

Payroll Taxes

Required Benefits

Other Benefits

Fiscal Requirements

Summary

Chapter 4. Beginning Operations in Mexico: Basic Considerations, Alternatives, and Requirements

U.S. Tax and Business Considerations

Starting Operations

Summary

Chapter 5. Import and Export Requisites: A Summary

NAFTA Requirements

Temporary Imports Under the Maquila Program

Subsequent Export of Items Temporarily Imported

Reports Required to Be Filed with the Mexican Government

Summary

Chapter 6. Foreign Currency Risk: A Primer

Causes of Exchange Rate Fluctuations

Implications of Exchange Rate Changes

Recent Peso-Dollar Exchange Rate History

Hedging

Effects of Exchange Rate Changes on Financial Statements

Summary

Chapter 7. Management and Cultural Issues

Research on Cultural Differences Between Mexico and the United States

Cultural Issues in Practice

Some Final Thoughts on Americans Managing in Mexico

Chapter 8. Tax Implications for U.S. Citizens Working in Mexico

Overview

Specifics

Summary

Appendix A. Selected Minimum Daily Wage Rates (Amounts in Pesos)

Appendix B. Spanish-English Glossary of Financial Terms

Appendix C. English-Spanish Glossary of Financial Terms

Appendix D. Examples of Mexican Financial Statements

Appendix E. Useful Addresses

Notes

Index

Reference Notes Included
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