Quick summary | | | | |
Preferred city for incorporation of the company? | Mexico City | Toluca de Lerdo | Monterrey | Guadalajara |
Proximity to US border (km)? | 1,050 | 1,029 | 171 | 960 |
Most popular business sector? | Financial | Automotive | Manufacturing | Electronics |
Specific attractive Government incentives available? | Yes | Yes | Yes | Yes |
Monthly warehouse rental (US$ per sq m)? | 15 | 10 | 12 | 5 |
Average skilled labour monthly salary (US$ per month)? | 2,000 | 1,300 | 2,700 | 1,500 |
Average unskilled monthly salary (US$ per month)? | 900 | 800 | 800 | 700 |
English spoken by what % of population? | 76 | 49 | 63 | 64 |
Literacy rate? (% of population) | 98.8 | 98.6 | 98.7 | 97.6 |
Proximity of sea port to the main city (in km)? | 379 | 388 | 391 | 333 |
Proximity of airport to the main city (in km)? | 11 | 18 | 30 | 19 |
Local Municipality licensing body location? | CDMX | MT | MDM | PGG |
Logistical considerations | | | | |
Attractive Region for manufacturing business? | No | Yes | Yes | Yes |
Number of free zones in this region? | 15 | 31 | 25 | 35 |
Attractive region for tourism business? | No | No | No | No |
Attractive region for foreign manufacturing investment? | No | No | No | No |
Quality of infrastructure? | Moderate | Moderate | Moderate | Moderate |
Attractive Region for an export-oriented business? | Yes | No | Yes | Yes |
CBD monthly office rental (US$ per sq m)? | 32 | 26 | 29 | 21 |
Average electricity prices? (per Kwh) | 57 | 53 | 50 | 55 |
City airport with flights to USA, Europe and Asia? | Yes | No | Yes | Yes |
Proximity of rail in kilometres to the Capital? | 0 | 67 | 908 | 845 |
Internet broadband download speed (in Mbps)? | 12.96 | 12 | 12.08 | 13.13 |
Total population? (in million) | 16 | 8.9 | 0.99 | 0.85 |
Business output market size? (in MXM billion) | 2.3 | 1.2 | 0.99 | 0.85 |
Market size relative to the economy in %? | 17 | 9 | 7 | 6 |
Corporate Banking and Finance considerations | | | | |
Is the main city an industrial hub? | Yes | Yes | Yes | Yes |
Is the main city an education industry hub? | Yes | Yes | Yes | Yes |
How many global banks are based in the region? | 10 | 6 | 10 | 5 |
How many Mexican banks with local branches? | 22 | 22 | 22 | 22 |
Recommended Bank for corporate banking? | Santander | Scotia bank | Banorte | BBVA |
Client must travel for account opening? | No | No | No | No |
Quality of bank customer services? | Moderate | Moderate | Moderate | Moderate |
Quality of online banking services? | Moderate | Moderate | Moderate | Moderate |
English e-banking platform available? | Yes | Yes | Yes | Yes |
Does the Region have a reputable financial district? | Yes | No | Yes | Yes |
Does the Region have a local Stock Exchange? | Yes | No | Yes | Yes |
Are there Private Equity Funds/VCs in the Region? | Yes | No | Yes | Yes |
Expatriate employment considerations | | | | |
Average skilled labour monthly salary? | 2,000 | 1,300 | 2,700 | 1,500 |
Average unskilled labour monthly salary? | 900 | 800 | 800 | 700 |
Is there a large expatriate community in the main city? | Yes | No | Yes | Yes |
What is the crime rate? (homicides in January 2017) | 97 | 165 | 44 | 101 |
International schools for children of expats? | Yes | Yes | Yes | Yes |
Mercer Survey Ranking for global cities, 2017? | 128 | N/A | 110 | N/A |
Is the main city of the Region safe for expatriates? | No | No | Yes | Yes |
Is the main city of the region polluted? | Yes | Yes | No | No |
How many general hospitals in this region? | 66 | 10 | 7 | 14 |
Accounting and tax considerations | | | | |
Monthly tax filing required? | Yes | Yes | Yes | Yes |
Business incentives offered by the national government? | Yes | Yes | Yes | Yes |