Mexico’s IT industry is a reliable and trusted business partner to US companies.
Doing business with Mexico provides the business benefits that come with political stability and a defined framework that provides legal and IP protection (NAFTA). Mexico’s shared time zone enables real-time solutions and easy exchange of information between US clients and Mexico IT providers.
Its geographical proximity reduces total expenditure in air travel and telephone communications. Nearshoring – offshoring to a border country – facilitates face-to-face meetings and facility visits, enhancing trust and peace-of-mind. The country’s advanced and efficient communication infrastructure ensures fast deployment of IT global delivery centers.
Mexico’s growing software and IT services development sector comprises nearly 500,000 IT professionals. The attrition rate is very low, at about 5%. 121 universities include programs educating youth about global industry requirements and close to 65,000 new IT professionals are graduating from universities or technical schools each year.
Companies wishing to establish innovative IT service operations in Mexico are eligible for incentives that may minimize their initial investment, thus reducing the TCO for operations in Mexico. Those who invest in Mexico’s technology industry get tax credits for R&D, a reduction of corporate taxes and no value-added tax for exported services.
IT firms established in Mexico can receive cash grants of up to 50% of the total cost of their project and tax credit of up to 30% of the total R&D expense.
For all these reasons, Mexico has become Americas’ IT sourcing country of choice.