In our latest video, we gathered the whole family to celebrate the grand opening of our dear friends' new restaurant, Camaron & Cacho, located in the heart of Nuevo Vallarta. This delightful seafood restaurant prompted us to ask our friends about why they decided to start a business.
While our friends Fernanda and Edgar are Mexican citizens, the path to entrepreneurship in Mexico is open to foreigners as well. However, there are essential steps to be taken. The initial requirement is obtaining Mexican residency, starting with temporary residency. Subsequently, acquiring a Tax ID becomes imperative, granting foreigners the legal right to work in the country. The final step involves securing any necessary permits, which vary based on the nature of the business being established.
Emphasizing the importance of adhering to Mexican rules and regulations, we caution against the severe consequences one might face, including hefty fines or even worse, for operating without proper documentation. Fear not, though, as we're here to assist you through every step of the process. Simply drop us an email, and we'll connect you with our trusted partners.
We take immense pride in Fernanda and Edgar's journey, applauding them for chasing their dreams and taking a chance on themselves. Regardless of the country you find yourself in, the pursuit of dreams is a universal victory.
In addition to the valuable insights, Fernanda reveals an exclusive deal for Moving To Mexico viewers in the video. Trust us; you wouldn't want to miss out on the chance to savor the incredible cuisine at Camaron & Cacho!
You Can Start a Business in México!
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