Success tips when doing business in Mexico

doing business in Mexico

Doing business in Mexico:

  1. Although the influence of foreign multinationals cannot be ignored, most indigenous Mexican companies will be hierarchical in structure;
  2. Key business decisions are always made by a small number of individuals at the top of the hierarchy. Entrepreneurs should ensure that they are dealing with the right people;
  3. As not all local Mexico companies are well-versed with international trade, we encourage our Clients to consistently use and sign contracts of service;
  4. Success in business negotiations with Mexican business people comes down to the ability to create effective personal relationships and to present logically-sound business plans;
  5. Agendas are not always used in meetings and if they are produced will not always be strictly followed.

Business etiquette to be aware of:

  1. Initial meetings should be focused mostly on relationship building, with small talk crucial towards building trust with your Mexican business partner;
  2. During business dealings, business persons should make sure that they send people of the appropriate level of seniority to deal with colleagues. Sending a junior colleague to meet a senior manager is considered an insult;
  3. In Mexico, personal relationships are at the heart of business dealings. Entrepreneurs should look to take the time to cultivate strong, long-term relationships with prospective business partners.

Interesting facts about Mexico?

  1. The official name for Mexico is the “United Mexican States”;
  2. The national symbol of Mexico is the “golden eagle”
  3. In Mexico, people from the USA are referred to as “North Americans” rather than “Americans”. Mexicans also consider themselves “Americans”;
  4. Mexico is the 3rd highest exporter of honey in the world;
  5. The border between USA and Mexico is the 2nd longest in the world;
  6. Chihuahua dogs are named after a place in Mexico;
  7. Mexico City is the oldest city in North America;
  8. By population, Mexico is ranked 11th in the world. By land mass, it is ranked 14th;
  9. Scorpion stings are 10 times more common than snake bites in Mexico, and just as frequently prove fatal;
  10. Mexico has more Spanish speakers than any other country in the world;
  11. Mexico City produces enough sewage to fill an Olympic swimming pool every minute;
  12. Mexico is the world’s second-biggest producer of horse meat, just behind China.

Frequently asked questions

Contact us

For additional information on our company registration services in Mexico, please email us at Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
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