Are you looking new locations to expand your business? Are you sure that the country chosen is the best option to invest?
Already Third World countries have challenges like range from poor accountability and transparency, high levels of corruption and the concerns for security problems in its financial sector and absence of human resources and supplies as food , health or education are growing.
According with International Monetary Fund, Third World countries “face formidable challenges when they attempt to establish efficient tax systems. First, most workers in these countries are typically employed in agriculture or in small, informal enterprises. As they are seldom paid a regular fixed wage, their earnings fluctuate, and many times are paid in cash, “off the books.” The base for an income tax is therefore hard to calculate. Nor do workers in these countries typically spend their earnings in large stores that keep accurate records of sales and inventories”.
Also, according to the 2015 Resilience Index, by FM Global (international commercial and industrial insurance company), countries as Tajikistan, Egypt, Pakistan, Jamaica, Honduras, Dominican Republic, Nicaragua, Mauritania, Kyrgyz Republic and Venezuela score very poorly on economic factors: GDP per capita, political risk and oil intensity.
More businessmen are considering Mexico as the best country to invest. It’s market size, international competitive, and strategical position are attractive to doing business, also it is the first Latin American member of the Organisation for Economic Cooperation and Development (OECD) and it has 11 agreements covering 44 countries with a potential market access of up to 60% of the world’s GDP.
Even some First World countries have risk of terrorism, worsening perceptions of infrastructure, quality of local suppliers, being vulnerability to natural hazards: wind, floods or earthquakes.
Click here to know more about the Mexican industrial parks and its advantages.