Are you planning to move to Mexico for a new job or just to relocate? Whether you relocate for work, studies or retirement, Mexico is more than its stereotype as a Latin American country. Of course, there is spicy food, mariachi, tequila, and the Dia de Muertos celebration, but there’s so much more that you should know about your new location and the lifestyle it has to offer you as an expatriate.
Photo credit: Prisca Aguirre
Mexico is the second-largest economy in Latin America – and its economy is expanding. Increased exports, foreign corporate investment and government actions have all contributed to upward growth. In fact, 2015 has been declared the Year of Mexico in the United Kingdom and the Year of the United Kingdom in Mexico to encourage investment, education and cultural exchange.
With one of the strongest economies in Latin America, nearly 2 million expats have been drawn to Mexico, where they enjoy beautiful landscapes, warm, sandy beaches, friendly people, rich cultural experiences and abundant good food. Mexico City, the country’s capital, offers a high quality of life and has been named #2 in a list of the eight smartest cities in Latin America.
With the ninth-largest economy in the world, Mexico’s major industries include automotive, clothing and textiles, food and beverages, iron and steel, mining, petroleum and tourism. Job opportunities in these industries can primarily be found in and around Mexico City, Nuevo Leon, San Luis Potosi, Tamaulipas, Veracruz, Baja California, Sonora and Sinaloa. Workers generally work 40 hours a week, Monday through Friday. The law requires one week of vacation during the first year, with regular increases while working for the same employer, plus legal holidays (approximately 10). Employers may offer additional holidays and vacations.
Compared to Europe, United States and Canada, the cost of living for expatriates is significantly lower. Local food costs are low; commodities (clothing and electronics) are higher, but housing is affordable. Costs do vary, depending on the city.
Mexico has so much to offer to foreigners: great experiences, exciting challenges, and a growing economy. Come experience the rich beauty and culture of Mexico. Let Crown Mexico City answer any questions and help you with your relocation.