business tips mexico

10 Helpful Tips for Doing Business in Mexico

Successfully doing business abroad comes with many challenges and complications. It’s important to learn about the new culture where you undertake business and to respect and adhere to local laws and customs. Read on to explore 10 cultural tips to use when you are doing business in Mexico!

1. Doing Business in Mexico – Develop Rapport

Developing personal relationships are very important in Mexico as locals prefer to do business with those they know and trust. Building relationships will play a key role in the formation of strategic partnerships in the region. Mexicans strongly value personal relations, and rightly or wrongly, they will often not do business without them.

2. Do Business with the Right People

Find out who are the key decision makers and be sure to connect with them. Knowing the right person will make things more simple when beginning business operations.

3. Send Experienced Team Members to Mexico when doing business

If you choose to send team members to Mexico, make sure that they are of the proper seniority and experience level. Do not send new employees to do this; this may insult your potential Mexican business partners.

Thinking about doing business in Mexico? Here are 5 tips that will contribute to your success.

4. Be Aware of Language Barriers in Mexico

Be aware that you may need to bring an interpreter or have contact with a bilingual business partner who can help you navigate the Spanish language.

5. Business Lunches in Mexico are common

Lunch in Mexico, called ‘la comida’, is the most leisurely and largest meal of the day. It consists of about four courses that include soup or salad, an entree, a main dish and a dessert. Due to its casual nature, ‘la comida is not the time or meal to discuss business over.

6. Breakfast Meetings is how to do business in Mexico

A normal Mexican breakfast is earlier in the morning and often more simple, such as a cup of coffee or eggs and tortillas. It is common to discuss business at breakfast meetings.

7. Dress for Success when doing business

Dress according to the weather, the Mexican culture, and the area of the country you are in. In Mexico City and other cities, individuals are expected to dress more formally than in the suburbs.

When doing business in Mexico, it is recommended to have a bilingual team to support you.

8. Be Punctual always when doing business

If doing business in Mexico City, make sure that you have enough time to travel to your destination. It is important to be punctual out of respect for your business partners’ time.

9. Learn the Rules and Regulations of Mexico

Knowing the rules and regulations of the Mexican business environment will prevent potential bumps in the road during business dealings. Legislation to be familiarized with includes employment law, import/export laws and customs requirements.

10. To do business you must communicate effectively

Communication is very important when doing business. In Mexico, it is custom to stand at a close physical distance when speaking to one another. Standing farther away, as is the custom in the U.S, can be construed as unfriendly.

Interested in Doing Business in Mexico?

Doing business in Mexico is a great opportunity to expand your business horizons. There is so much to learn about the culture and about how Mexicans do business.

If you would like personalized advice, Biz Latin Hub has a group of experts that can offer you guidance for your business in Mexico. In addition to company formation and incorporation, we offer professional accounting, legal, and financial services tailored to you and your company’s needs. Contact Alex here at Biz Latin Hub for help on getting your business set up in Mexico.

Also, you can learn more about our team of professionals and how they are enabling commercial growth across Latin America.

A BLH infogrpahic showing key services offered by the company
Biz Latin Hub can be your support if you plan to do business in Mexico.

The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.
Legal Team Mexico

Legal Team Mexico

Legal Team Mexico is the Biz Latin Hub leading experts on doing business in Mexico The Team writes on the news, doing business, law, and changing regulations. The team are experts in corporate law, Administrative law, Employment law, Immigration law and legal advisory services. Read more about them here. You can contact Legal Team Mexico via our "contact us page".

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