Starting in October 2009, Franklin will be conducting presentations for government officials, CPAs, lawyers, and business owners in México to educate them about the great opportunity for business and social development in México due to the economic and social changes in the United States and other parts of the world.
His goal by presenting this information is to motivate the community and change the vision we have of México and its opportunities.
The objective of HUMAN RESOURCES MEXICO is to attract investors and
businesses to Mexico by presenting Mexico and its culture in the
positive manner it deserves. We believe México has not been fairly
represented in the foreign media in the past. We intend to change that
perspective.
Companies are being chased out of the USA and other countries due
to higher taxes, more goverment intrusion, increased fees and increased
fines. Don't let the opportunities in Mexico and Latin America escape
you. (The truth about Mexico)
If you are already doing business in Mexico, you may need:
A laison
Due diligence work
Hire employees in Mexico
Research and business intelligence
Assistance communicating / dealing with a Mexican government agency
Help with permits and other government requirements
Help accomplishing your goals and objectives in Mexico
Contact us today. We are on the ground and in the trenches.
We have government official contacts and vendor relationships throughout
the country of Mexico.
Basic Considerations for doing business in Mexico
This section is not intended to be exhaustive by any means, and should
not be used as the basis for any decision in the areas of Mexican commercial
and tax laws. Mexican laws are in a constant state of change (Just like
in other countries), and, therefore, clients are advised to seek specific
professional advice before proceeding with any activities involving Mexico.
When considering doing business in Mexico, the
following points are important:
Leave your preconceptions at home. Many people have a perception of
Mexico that is simply distorted and not accurate. At the same time, it
is important to understand the cultural differences relating to how business
is carried out and executed.
The uniqueness of the tax laws, as well as the variety of legal aspects
and the treatment of employees in Mexico (Mexican
Employment Law & Mexico Payroll Taxes), are challenging for a
foreign company with intentions to come into the country. However we
at Human Resources Mexico, S de RL believe that the experience will be
rewarding. We can help make things as transparent and as simple possible
Take good and trustful professional advice from the beginning. It is
less expensive in the long run
Determine if you need a permanent establishment or legal presence in
Mexico
Due diligence is one of the most important key factors just as it is
or should be relating to your business activities at home. insist on
multiple recommendations and proof of a relevant, successful track record
before entering into any form of partnership or working relationship.
Make sure you have competent legal and financial representation
Have a plan. You should have short term and long term objectives and
goals. However, be flexible in as much as the economic situation is changing
rapidly throughout the world
Among the middle to upper socio-economic class, English is spoken in
varying degrees. However, in many companies it’s still common to
find executive level employees with limited English ability.
A strong grasp of conversational Spanish and cultural awareness go far
in demonstrating a genuine interest in Mexico. Obviously, that is the
first step toward building lasting relationships in Mexico. If you manage
a business with Mexican employees, you will be at a significant disadvantage
if you don’t have conversational Spanish ability and knowledge
of the cultural differences
Human Resources Mexico, S de RL will handle the setup
of your company and operations in Mexico from start to finish:
Identify the geographic region best suited for your business goals and
needs
Research all licenses, permits, and other special requirements if applicable
Provide you with a detailed analysis of the recruitment and employment
costs based on operational specifics
Obtain permission for company name
Expedite the articles of incorporation with the Notario
Provide certified translation of all applicable documents in your native
language
Schedule and facilitate the transportation and signing of the articles
of incorporation
Register the company with SAT on your behalf (Equivelant to the USA Internal
Revenue Service)
Public registration of the newly formed company
Obtain the municipal operation permission
Apply for all necessary permits and / or licenses on your behalf (If applicable)
Negotiate leases and contracts on your behalf (to the level you desire)
Facilitate legal agreements with legal counsel in Mexico
Facilitate work with CPAs in Mexico
Manage all aspects of the human resources responsibilities including recruiting,
screening, government compliance, payroll taxes, and payroll processing
Mexican Production Costs Are Lower than China and India
Study by AlixPartners - May 2009
The business consulting and analysis firm AlixPartners has for several
years published a study analyzing production costs for offshore manufacturing
of goods conducted in different countries. The study takes into account
factors such as labor costs, exchange rates, transportation costs,
raw materials cost and availability, and customs procedures. In accordance
with the study recently published by AlixPartners, in 2008 Mexico
gained the top spot for the country with the lowest cost of production,
followed by India and China respectively. The study reveals that
production costs for similar goods are 25% lower in Mexico than in
the United States, while production costs in China are only 6% lower
than those in the United States. This is true even though transportation
costs increased in the last year. However, such consulting firm considers
that Mexico's greatest asset is its strategic location, and the existence
of the North American Free Trade Agreement, which provide significant
competitive advantages. AlixPartners does not expect Mexico to cede
its first place position to either China or India in 2009.
Franklin
Frith is our General Manager and Principal who was born and
raised in the United States and currently lives and works in Mexico.
Franklin speaks Spanish fluently and he has more than 20 years experience
in business development and business process outsourcing (HR, Payroll,
Finance, etc.) With our “hands on” approach we handle your
Mexican business goals and needs full time, right here in México.
You will find that our staff is "on the ground and in the trenches" to
help you accomplish your business goals.
