To facilitate the entry of foreign investors, officials, professionals and/or technicians involved in any financial or economic activity in Mexico, authorities in Mexican Consulates abroad are empowered to issue the corresponding visas. Citizens or legal permanent residents of Canada and the United States may remain in Mexico for a maximum period of 30 days by obtaining the FMN immigration form, free of charge. This form is extended to "business visitors", "directors", "technicians" and "transferred personnel". The characteristics and requirements of this visa are as follows:
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1. What are the basic documents I need to ship my goods to Mexico?
NAFTA FACTS document 8401 provides detail on the documents needed to ship goods to Mexico.
2. I have been told that I cannot export ...
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30 day business visitor form can be secured upon presentation of:
A valid passport or a certified copy of the birth certificate or a citizenship card plus a recent picture identification.
L...
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New foreign investment regulations establish conditions under which --with strict adherence to the law-- foreign investors may legally participate as major stockholders with new investments in sections...
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International Reserves
The nation's foreign reserves stood at 68.678 billion dollars in mid-April, according to the Bank of Mexico, the nation's central bank. The reserves reached an all-time high of ...
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Announcing that first quarter direct foreign investment totaled 7.425 billion dollars, President Vicente Fox described Mexico as the "best place in the world in which to invest". The year-end figure for foreign direct investment is likely to top 16 billion dollars.
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Table of Contents
Stock market at record high
Retail sales rising
Mexican multinationals
...
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A major study by Grupo IDM suggests that improved employment opportunities are on their way. About 18% of firms questioned in the southeast and north of the country will be actively seeking additional workers in the next few months. A further 60% expect to retain their existing workforce intact.
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The government's proposed budget for 2000 has been submitted to Congress. The government anticipates that the economy will grow by between 4 and 5% next year and that inflation will be around 10%. The budget allows for a fiscal deficit of 1% of Gross Domestic Product (GDP) and a current account deficit equivalent to 3.2% of GDP. The average exchange rate over the year is expected to be 10.40 pesos to the dollar. In calculating the budget, the government has assumed that oil prices will average 15.5 dollars a barrel.
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Most analysts agree that the nation currently enjoys a stable economy with steady flows of foreign direct investment, a buoyant stock market, a strong currency and its highest ever foreign currency reserves. Given this investor confidence and the upbeat economic outlook, why then did the Fox administration announce last month a 1.12 billion dollars cut in public spending? The main reason is because it is a prudent and cautious response to lower-than-expected oil-export revenues and tax collections at the start of the year.
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Table of Contents
Budget surplus
Cable and telephone firms to compete
...
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Table of Contents
The shape of ‘06
Mexican to head OECD
Promoting business in...
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CONTENTS:
PROMOTING MEXICO IN ASIA
WORST DROUGHT EVER?
DIRECT FOREIGN INVESTMENT
...
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20 billion dollars in FDI
Foreign direct investment in Mexico reached 17.8 billion dollars last year, and the Economy Secretary predicts it will top 20 billion dollars this year. Total FDI during the ...
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Marketing to the Hispanic Market
(Part 1 of 2)
By Ignacio "Nacho" Hernandez, Jr.
© April 2006 -
Ignacio Hernande, Jr. - "Nacho" Hernandez - is founder and CEO of the iHi...
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Marketing to the Hispanic Market
(Part 1 of 2)
By Ignacio "Nacho" Hernandez, Jr.
© April 2006 -
Ignacio Hernande, Jr. - "Nacho" Hernandez - is founder and CEO of the iHi...
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INDEX
Labor Law
The Work Relationship
Employee Privileges
Benefits
Safety
Work Schedules
Salary
Termination ...
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Ownership of Equity. Types of Companies. Company Formation. Starting Operations.
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Since the signing of NAFTA, an increasing emphasis has been placed on the importance of knowing English in Mexico. And not surprisingly, English teaching has become a profitable business. Unfortunately...
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When I was in college, national development was a hot topic. We pondered over why some countries develop their economies faster than others. One popular notion was that for countries to develop quickly...
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Much of the land comprising Mérida was once dotted with lavish haciendas where the henequen plant was grown. From henequen was produced a fiber called sisal, the main ingredient of twine....
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Favors are done in every culture, but how favors are given and received differs among cultures. Comparing the mainstream U.S. culture and Mexico regarding this issue, we find striking differences, whic...
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The topic of business ethics is one that too often ends up on the back burner, unless you happen to be a social activist. In business circles, the topic arouses as much interest as a turtle race.
...
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A key tool for understanding cultures is examining how people communicate with one another. The kind of topics people bring up in conversations often reflects the themes considered important by their c...
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Yahoo! on the Move
When Mexican authorities suspended the use of www.yahoo.com.mx due to questions concerning "intellectual property," the site was relocated to what would be its new home:
...
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