How to Start a Business in Mexico?
The event was attended in person and online by about 60 representatives of Russian and Mexican businesses operating in the fields of finance, consulting, food industry, industrial equipment production, healthcare, energy, and telecommunications. The event was opened by CCLAR President Domingo Garcia, representative of the Mexican Embassy's trade and economic cooperation attaché Roberto Israel Quiñones Cedano, and Deputy Director of the Higher School of Business of the National Research University Higher School of Economics Ivan Prostakov.
The main presentation was given by Hector Galicia, a partner of the Mexican company TaxID, who spoke about how to open and develop a business in Mexico. The country offers foreign entrepreneurs access to a dynamic economy with opportunities to enter foreign markets due to its location between South and North America. Mexico is a market with a population of 130 million people with a growing share of the middle class, a global player in the automotive, electronics, aerospace, energy and a number of other industries. Hector Galicia focused in detail on the features of Mexican taxation and legal features of opening enterprises in Mexico, especially the compliance procedures that foreign investors should pay attention to. In addition, the speaker mentioned that it is recommended to received help by professionals if you are a foreign company trying to start operations in Mexico.
Deputy Director, Graduate School of Business
«We are glad to welcome the participants of the CCLAR event. One of the main missions of the Higher School of Business is to provide managers and entrepreneurs with new knowledge necessary for successful business, and today we are talking about such an opportunity. In addition, we have a special connection with Mexico, since among our partners is one of the leading Mexican universities, the Mexican Autonomous Institute ITAM. And finally, I must say with special pride that the president of the Chamber of Commerce, Domingo Garcia, is a graduate of the Higher School of Business»
Quote, Doming Garcia. “The main goal of the Latin American-Russian Chamber of Commerce (CCLAR) is to promote bilateral trade and investment between the 2 regions, and activities as the one of today which are quite practical help us achieve this goal. I’m confident that in the near future more Russian companies will start operations in Mexico. We are a non-government, private business association but the support given from the Mexican Embassy and the Higher School of Business of the National Research University Higher School of Economics was remarkable.”
Quote, event participant, Nestor Alfonzo - E&N Impex: “We are happy to be invited by the Chamber of Commerce to this event, I specialized in bilateral trade of commodities between Latin America & Russia, and I can say Mexico is a key player. The network from the Chamber of Commerce is great to connect and I’m looking forward for the next event.”
Quote, event participant, Alina Morley – Morley Associates: “I didn’t know opening a business in Mexico had its degree of complexity, but some doubts where clear and explained by the speaker during the seminar. Looking forward to work with companies and individuals from Mexico, great event”