Insights
Access the latest news and articles of interest to the Enterprise Software Ecosystem. Emerging trends, key players in the region, nearshoring, hiring talent, cost reduction strategies and operational best practices.
Expansion Strategies to Mexico: How They Compare
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.
Mexico widens its lead as the top Center of Excellence Nearshore Location in the Americas
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 countryโs 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?
Why Mexico for Global In-House Capability Centers and the new Regional Multi-function Offices
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
How to open a business in Mexico: Incorporating Your Tech Company
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.
Soft landing in Mexico for foreign companies
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 Mexicoโs 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.
Starting Operations in Mexico: Cost, Risk and Time-to-Value Comparison
In the highly competitive landscape of the tech industry, staying ahead often involves running foreign operations. However, the challenge lies in doing so efficiently, especially when faced with a tight budget for 2024. In this article, we’ll explore why B2B tech companies in North America have used Mexicoโs soft-landing options, such as SUBaaS, to avoid unnecessary costs and risks associated with the Do-It-Yourself approach. This capex-friendly approach is preferred by Private Investors, as they can achieve more with the same budget while owning the operation from day one.
