The number of Mexico entrepreneurs is growing every day. The country’s economy is one of the best globally with comparatively strong GDP growth and low unemployment. With the opening of the energy and telecommunication markets to competition and global investment, new business opportunities are expected.
Mexico ranked forty-ninth on the World Bank’s annual Ease of Doing Business Index (2017) and ranked ninetieth out of 190 world economies in the Starting a Business category. The overall business environment in Mexico ranked twenty-seventh out of 149 countries measured on the Legatum Prosperity Index 2018. This measurement included entrepreneurial environment, business infrastructure, barriers to innovation and labor market flexibility.
For an excellent, detailed overview of business opportunities in Mexico, visit the export.gov website and download the Country Commercial Guide. It is prepared annually at U.S. embassies through the combined efforts of several U.S. government agencies. The guide presents a comprehensive analysis of Mexico’s commercial environment from economic, political and market analyses.
To help you start and manage a business in Mexico, the World Bank offers this detailed step-by-step guide.
In Mexico, programs and policies encouraging entrepreneurship can be found at both the national and state levels. The federal government operates the National Institute of Entrepreneurship to promote entrepreneurial activity around the country. ProMéxico is a trust fund of the Mexican government that promotes international trade and investment. Its website provides excellent information on how to start a business in Mexico or make an investment.