Business in Mexico
HR Recruitment
The Offshore Group has twenty years of experience providing recruitment, payroll, and benefit administration. Vangtel's HR professionals attract the very best employees by developing relationships with local universities, community organizations, and the media. Employees are carefully screened and tested according to the client's specifications.
Vangtel ensures your compliance with all Mexican Labor Laws.
Reduce Tax Liability
Companies working under The Offshore Group do not incorporate or hire employees directly, do not buy land, process property, corporate, asset, or payroll taxes, and do not need an expansive knowledge of the Mexican government or legal system.
The Offshore Group's clients operate under Vangtel's business license, and, therefore do not have a legal presence in Mexico--thereby limiting tax exposure, customs risks, and labor law liability.
Facilities Management
Purchasing property in Mexico is challenging with an estimated three-month waiting period for registration and a six percent fee on the property value. Notary fees can be 38% of the registration cost for new entrepreneurs in Mexico. By working in Vangtel's offices, companies avoid the hassles associated with property registration, taxes, facilities management, and security.
No Incorporation or Registration in Mexico
The process of registering and incorporating your firm in Mexico can take months to complete. Vangtel's services include the procurement of all permits, licenses, inscriptions, and verifications with local and federal Mexican authorities. These services also include accounting and tax processing. |
Close Proximity to the United States
Travel costs to far flung locations such as India and the Philippines become costly over time for trainers, managers and operations professionals. It's not unrealistic for medium-sized companies in the industry to maintain a million-dollar travel budget.
Alternatively, the economical flight from Phoenix to Hermosillo, Mexico is an attractive option for professionals seeking to cut costs and manage operations in their own time zone.
Ease of Doing Business in Mexico
The World Bank's Ease of Doing Business Index lists 10 key measurements that companies should consider when starting operations in a new country. Vangtel's services minimize the risks associated with starting operations in Mexico in all of the following considerations, which include:
- Starting a business - Procedures, time, cost and minimum capital to open a new business
- Dealing with licenses - Procedures, time and cost of business inspections and licensing (construction industry)
- Hiring and firing workers - Difficulty of hiring index, rigidity of hours of index, difficulty of firing index, hiring cost and firing cost
- Registering property - Procedures, time and cost to register commercial real estate
- Getting credit - Strength of legal rights index, depth of credit information index
- Protecting investors - Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
- Paying taxes - Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
- Trading across borders - Number of documents, number of signatures and time necessary to export and import
- Enforcing contracts - Procedures, time and cost to enforce a debt contract
- Closing a business - Time and cost to close down a business, and recovery rate
Notes
1 www.doingbusiness.org/documents/DB_Mexico_English.pdf
2 en.wikipedia.org/wiki/Ease_of_Doing_Business_Index |
