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IRBusiness is an ideal partner for companies looking to establish themselves in Mexico and the US. We understand the unique challenges that come with operating in an international business environment and have the expertise to help companies navigate these obstacles successfully.
One of the biggest obstacles that companies face when expanding into new markets is navigating the complex legal and regulatory environments. IRBusiness can assist companies in Mexico and the US with legal matters related to their business operations. Our team of legal experts has the knowledge to explain applicable laws and regulations. We can help companies obtain the necessary permits and licenses to operate legally, and we can also provide guidance on tax and labor laws.
Companies face plenty of challenges when operating internationally and managing the cultural differences that can impact business operations. IRBusiness has a team of experts who are familiar with the cultural nuances of both Mexico and the US. We can help companies navigate these differences by providing cultural training and advice on how to communicate effectively with local stakeholders.
In addition to these challenges, companies also need to protect their intellectual property when operating internationally. IRBusiness provides comprehensive IP protection services, including trademark and patent registration, to help companies safeguard their valuable assets.
Another typical hangup for companies trying to operate internationally is managing supply chain and logistics. IRBusiness can help companies optimize their supply chain and logistics operations to ensure that they can efficiently get products to market. We can also provide guidance on sourcing local suppliers and manufacturers to reduce costs and improve efficiency.
IRBusiness can offer a range of services to help companies successfully establish themselves in Mexico and the US. We can assist companies in dealing with international business operations, including legal and regulatory compliance, cultural training, and IP protection.
Our overarching goal is to make sure that businesses, people, and families can go about their daily activities without worrying about meeting their legal obligations. We want them to succeed by focusing on what they do best. Our goal is to become a leader in providing legal and compliance services, making it easier for businesses to operate smoothly and efficiently.
We strive to be the trusted partner for our clients, continuously innovating our services to stay ahead of the curve. Our commitment to excellence and customer satisfaction will drive us towards achieving our vision of being the leading provider of legal and compliance solutions globally.
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Questions? You’re covered.
What type of business are you looking to start? We can help you get set up legally in either country, but there are different requirements for certain business types. Get in touch with us for a free consultation. We will prepare all the necessary licenses and permits for your business based on your location, business type, and taxation. We will get you started on We’ll go through the checklist to answer such questions as:
- If you are a foreign national or non-resident, can you start a business in the US or Mexico?
- What are the common business structures available in the US or Mexico?
- Are there any restrictions or limitations on foreign ownership or investment in the US or Mexico?
- How can I secure financing or funding for my business in the US or Mexico?
- Are there any specific industry-specific regulations or considerations to be aware of when starting a business in the US or Mexico?
To avoid double taxation, the United States and Mexico have a tax treaty in place. The treaty avoids double taxation by allowing tax credits or exemptions for income taxed in both countries.
When conducting business in both the United States and Mexico, there are several tax implications to consider.
- Corporate Income Tax: The United States imposes federal corporate income tax on profits earned by corporations. The tax rate is progressive, with different brackets based on the company's taxable income. In addition to federal taxes, states also levy their own corporate income taxes, which vary by jurisdiction.
- State and Local Taxes: Apart from federal taxes, businesses operating in the United States may also be subject to state and local taxes, such as sales tax, property tax, payroll tax, and gross receipts tax. These taxes vary by state and locality.
- Employee Taxes: Employers in the United States are responsible for withholding payroll taxes from employee wages, including federal income tax, Social Security tax, and Medicare tax. The employer is also required to contribute a matching amount for Social Security and Medicare taxes.
- Sales Tax: The U.S. has a sales tax system, and the tax rate varies by state and locality. Businesses are generally required to collect sales tax on taxable goods and services sold to customers.
- Corporate Income Tax: In Mexico, businesses are subject to corporate income tax on their worldwide income. The tax rate is generally a flat rate of 30%. However, there are different rates for certain industries and regions.
- Value Added Tax (VAT): Mexico has a value-added tax system. Most goods and services are subject to VAT at a standard rate of 16%. However, certain items may be taxed at a reduced rate or exempted. Businesses are required to collect and remit VAT to the Mexican tax authorities.
- Payroll Taxes: Employers in Mexico are responsible for withholding payroll taxes from employee salaries, including income tax and social security contributions. The employer is also required to contribute a matching amount for social security.
- Other Taxes: Mexico also imposes other taxes such as the Asset Tax, which is a tax on certain assets owned by companies, and the Special Tax on Production and Services (IEPS), which applies to specific goods and services.
You need to know the tax duties, required reports, and procedures in the United States and Mexico to handle taxes when doing business there. We at IRBusiness recommend everything applicable to your case to ensure accurate compliance and optimization of your tax strategy
Here are a few common tax deductions that businesses may be eligible for in both countries:
- Business Expenses: Ordinary and necessary business expenses incurred in the course of operating the business are generally deductible. This includes expenses such as rent, utilities, office supplies, salaries and wages, advertising, professional fees, and travel expenses.
- Depreciation and Amortization: Business expenses can be deducted over time through depreciation and amortization deductions. This includes both tangible assets like machinery and equipment, as well as intangible assets like patents and copyrights.
- Business Interest Expense: Interest paid on business loans or other forms of business financing may be deductible, subject to certain limitations.
- Employee Benefits: Contributions made to employee benefit plans, such as retirement plans (e.g., 401(k)), health insurance plans, and other employee welfare programs, may be deductible.
- Research and Development (R&D) Expenses: Costs incurred for qualified research and development activities may be eligible for a tax deduction.
- Cost of Sales and Services: Businesses can deduct the cost of goods sold or services rendered in the production or provision of their products or services.
- Employee Salaries and Benefits: Wages, salaries, bonuses, social security contributions, and other benefits paid to employees are generally deductible.
- Depreciation and Amortization: Similar to the United States, businesses can deduct the cost of tangible and intangible assets over their useful lives through depreciation and amortization.
- Professional Fees and Expenses: Fees paid to professionals, such as accountants, lawyers, and consultants, are generally deductible if they are directly related to the business.
- Donations and Contributions: Contributions made to qualified charitable organizations or donations for public purposes may be deductible up to a certain limit.
- Interest Expense: Interest paid on business loans or financing can be deductible, subject to certain limitations.