Famed for its sunshine, luxury beach resorts and, of course, tequila, Mexico is also an emerging economic powerhouse. Already the second-largest economy in Latin America and the fifteenth largest in the world, Mexico has a market size as large as Western Europe and numerous free trade agreements covering almost 50 countries — presenting excellent business opportunities for those looking to expand globally.
The country is also home to Mexico City, the largest Spanish-speaking city in the world, and occupies a strategic global position that serves as a bridge between Latin America and the United States and Canada.
Mexico is the third-largest trading partner of the US and has demonstrated stable economic growth in recent years. There’s enormous untapped potential here, with analysts predicting that Mexico will boast a higher GDP per capita than all but three European countries by 2050, making it the world’s eighth-largest economy!
An employer of record, sometimes known as an international PEO can help you quickly hire and onboard workers in Mexico – often with just two weeks’ notice. Establishing your own local entity without risk and saving costs, this type of service makes an EOR in Mexico worth checking out!