Many people think that Mexico is a cheap place to do business. Simply put it is not. First as we all know the government is increadibly corrupt and very unstable. A company may make a deal and in a few years a new political party comes in and renigs on all the contracts. Mexico has socialized medicine and companies must pay for for it. While salaries may be low, companies must deal with unions and these are just as if not more corrupt. The base ad valorem tax is 16% that means EVERYTHING is taxed at that rate including all utilities. Crime plays a significant part too Mexico is a very insecure placeon top af governmental corruption you get organized extortion that makes the Italian mafia look like the boy scouts. I could go on and on about this subject but I dont want to get political, I was born in Mexico, I lived there in the 70 and 80's and from 2014 until 2019. Ive worked there and have done business there, but I will tell it is not a good place to do business. Yes some companies have done well there but I can gurantee that they have paid for it dearly.
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