Mexico is a strip of land connecting the continents of North and South America. In the north, Mexico borders the United States, and to the south, Belize, Guatemala, and the Caribbean Sea. To the east, Mexico is bordered by the Gulf of Mexico and to the west, the Gulf of California. Mexico lies in one of the most earthquake and volcanic prone areas in the world. The country is made up of 31 states where the federal district of Mexico City is the capital.

Most Mexicans live in urban areas despite the fact that the country is among the most populous in the region. There are three classifications of ethnic groups in Mexico: the Mestizo or Amerindian-Spanish who account for over 60 percent of the population; Amerindian people who account for just over 20 percent; and white people. More than 90 percent of Mexicans speak Spanish which is the national language. Some speak the indigenous languages of Mayan and Nahuatl. The country’s social life is largely based on religious values and those of family and the community and over 80 percent of the country’s people are Catholic.

2021
March 15Day off for Benito Juárez’s Birthday Memorial
March 21Benito Juárez’s Birthday Memorial
May 1Labor Day / May Day
September 16Independence Day
November 15Day off for Revolution Day Memorial
November 20Revolution Day Memorial
December 25Christmas Day
  • Persona Física
  • S.A. (Sociedad Anónima)
  • S. de R.L.(Sociedad de Responsabilidad Limitada)
  • S. en C. (Sociedad en Comandita Simple)
  • S. en C. por A. (Sociedad en Comandita por Acciones)
  • S.A.B. (Sociedad Anónima Bursátil)
  • S.A.P.I. (Sociedad Anónima Promotora de Inversión)
  • Corporate Tax: 30%
  • Income Tax (Lowest Marginal Rate): 1.92%
  • Income Tax (Highest Marginal Rate): 35% + reduction of deductions (topes)
  • VAT/GST/Sales Tax: 16%
  • Banca Mifel (State Bank)
  • Banco Autofin (State Bank)
  • Banco Amigo (State Bank)
  • Banca Afirme (State Bank)
  • Banco Multiva (State Bank)
  • Bansi S.A. (State Bank)
  • Banco Ahorro Famsa (State Bank)
  • Bancoppel (State Bank)
  • Banco Monex (State Bank)
  • Banco Azteca (State Bank)
  • Banco del Bajio (State Bank)
  • Banco Inbursa (State Bank)
  • Banco Interacciones (State Bank)
  • Banco Invex (State Bank)
  • Banco Ve X + (State Bank)
  • Banorte (State Bank)
  • Banregio (State Bank)
  • Ixe Banco (State Bank)
  • Banco Compartamos (State Bank)
  • Actinver (State Bank)
  • Banco Facil (Chedraui) (State Bank)
  • Banco BASE (State Bank)
  • BBVA Bancomer (Foreign Bank)
  • Banamex Citibank (Foreign Bank)
  • Banco Santander, formerly Banco Santander Serfin (Foreign Bank)
  • Banco Volkswagen Mexico (Foreign Bank)
  • Banco Wal-Mart de Mexico Adelante (Foreign Bank)
  • HSBC Mexico (Foreign Bank)
  • Mitsubishi Bank (Foreign Bank)
  • Scotiabank Inverlat (Foreign Bank)
  • ING Bank (Foreign Bank)
  • UBS Bank (Foreign Bank)

Aadmi can support you with your expansion to Mexico. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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