Author name: ChrisV

Adding cost-efficient foreign operations for tech companies has become a staple in the industry. Opting for a Nearshore location instead of Offshore provides a significant advantage for firms requiring real-time collaboration. Mexico is North America’s de facto nearshore option, offering the ideal combination of Talent and Cost. As a result, companies of all sizes are expanding more than ever to Mexico, employing various strategies based on the scale of their operations and goals.

It might surprise newcomers in the region, but regulars know that Mexico has been the top destination for running nearshore operations for North America since the 2000s. Seven years ago, Gartner confirmed the country’s leadership due to its large talent pool and hard-to-ignore location, in their Evaluating Global Offshore/Nearshore Locations report. So, why does it continue to be in the news? And how has Mexico increased its lead over other options in the Americas?

So, your tech company is evaluating opening a GCC office in Mexico for nearshoring. But before you dive in, the question of how to open a business in Mexico arises, as well as what else you should consider regarding business incorporation. Exploring why Mexico for nearshoring could provide valuable insights into your decision-making process

So, your tech company is evaluating opening an office in Mexico to hire nearshore talent or to enter the Latin America Market? But before you dive in, the question of how to open a business in Mexico arises, as well as what else should you be considering regarding business incorporation.

Yes, it has more steps and nuances than one would expect, but the following steps are usually what it takes to do it. Remember, this is just a starting point, and consulting with legal and financial professionals specific to your situation is highly recommended.

Expanding into a foreign country represents a unique set of challenges. Countries that attract the most foreign investment are known to have soft landing options that facilitate opening and running new operations. Mexico in particular, has options by industry. Tech companies add Mexico’s Operational Capabilities using the Subsidiary-as-a-Service (SUBaaS) option, similar to the successful Shelter Model in the Manufacturing Industry that foreign companies have been taking advantage for the past 30 years to move into the region. These options avoid unnecessary expenses and risks, while lowering dramatically total costs, with total ownership from day one.

For adding the operative capabilities of a foreign country, companies have taken advantage of different services that allowed them to test drive the region while maintaining ownership. Because it can support end-to-end operations, It eliminates the need of hiring multiple vendors and shelters foreign companies from local risks, while saving on upfront costs and recurring expenses.

Depending on the industry, this option is known as the Shelter Model, Subsidiary-as-a-Service, and Virtual Subsidiary. What Tech Companies should expect from this type of service? Which vendors are available by country?