Mexico has struck gold – again. Long, long ago, Aztec and Maya chiefs, visiting Spaniards and Catholic fathers accumulated gold as a status symbol, to enhance riches or to upgrade church ambience. There was a bowl of nuggets for the tomb, a full chest for the sailing ship and layers of gold for steeples, saintly […]
Continue ReadingAm I richer or poorer in Mexico? I’m certainly richer in gratitude. The simple fact that everything is not as easy as it was before makes me better at appreciating what I have. When I first moved to Mexico I was scared, sad, and very, very angry. At a tippy table in a hot torta shop, I […]
Continue ReadingThe privatization of the facilities of the port of Veracruz in 1996 and open competition for market share between the country’s main operators, have led to significant improvements in the port’s overall handling capacity and services, says sources, while major expansion projects are underway to further improve the overall structure of the major deep sea […]
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Gold-colored walls line the main street through Santa María del Oro, Nayarit. Bumping along the cobblestones in our camper-van, we are following in the footsteps of the Spanish conquistadors. In 1504, the nephew of Hernán Cortés, Franciso Cortés de San Buenaventura came here, in search of gold. In 1530, the renegade conquistador, Nuño Beltrán de […]
Continue ReadingGood year for investment Business reputations Property as an investment Revival in maquiladora industry Power projects Walmart strides forward Low tech solution to city water woes DaimlerChrysler buses The housing boom – a special report More mortgages Low-income homes Luxury homes Single personal identity code? Tequila week Train to the airport? Mail boxes etc Popeye […]
Continue ReadingLate last year (2001) the Mexican Congress decided to get off their behinds and bring about a badly needed tax reform. Not liking what President Fox proposed, they waited until the very last days of of the year to seriously discuss and pass new laws. Unfortunately, there is general agreement among tax and constitutional attorneys, […]
Continue ReadingForeigners can opt to establish a Mexican company or to acquire stock in an already established Mexican company to do business within Mexico, depending upon the need to have a presence and involvement in Mexico from the commercial and tax point of view. The basic procedures related to the organization of a new Mexican company […]
Continue ReadingDoing Business in Mexico I’ve discussed cultural differences and clarity in Mexico’s business world. But dealing with Mexican realities is not the only challenge faced by U.S. executives on Mexican assignments. Inevitably, as reported by many corporate leaders I’ve interviewed, U.S. executives in Mexico must also cope with the headquarters challenge. Perhaps the two most repeated […]
Continue ReadingDoing Business in Mexico “The problem in Mexico is that workers, and generally speaking all people, resist change.” This was the opinion expressed to me recently by a successful (at least, rich) entrepreneur in Mexico City. Because of this resistance, he says, “Mexico will continue to be behind the developed economies.” In his own experience, […]
Continue ReadingDoing Business in Mexico Both friends and enemies of Nafta predicted the treaty would bring increased investment crossing national borders, and in the case of Mexico, a significant new presence of U.S and Canadian firms. This has been the case, and although it could slow down if global financial woes persist, the tendency in the […]
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