Yucatán, Mexico’s safest state is betting big on nearshoring, hoping to attract foreign investors who are weary of the rising criminality and government corruption in other parts of the country. Yucatán, a state that occupies about a third of its namesake peninsula, has historically had low crime in part because it is geographically isolated from […]
Experts say Nearshoring in Mexico will end the AMLO Era
Mexico was on the radar of investors this year and attention was particularly focused on the alleged effects of nearshoring, at the same time that President Andrés Manuel López Obrador heads to the final stretch of his Government and in 2024 Mexicans will return to the polls for federal elections. Between January and September 2023, […]
Will Mexico issue new tax incentives to attract more companies for Nearshoring?
The tax incentives, which provide for tax deductions from 56% to 89% on investments made in 2023 and 2024, are intended for companies that are dedicated to both the production and export of 10 items. Mexico Offers Tax Incentives to Entice Nearshoring Investors Mexico is offering large tax breaks to a swath of industries in […]