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The majority of foreign entrepreneurs in Mexico come from Europe, according to a report by Endeavor
A los emprendedores les gusta México. El país es destino para turistas y ballenas grises, pero también de emprendedores.
Endeavor, a high-impact entrepreneurship movement, reported that the number of people who choose Mexico as a destination, either to start or expand their companies, is growing.
It is estimated that foreign promoters create 9,800 jobs in the Mexican market, collecting 1,720 million dollars in Mexico City.
Endeavor presentó resultados de un estudio que busca explicar el impacto de los emprendedores extranjeros y exponer las razones por las que optaron por México.
51 people were surveyed, 20 foreign innovators and 3 stakeholderswere interviewed.
Where do entrepreneurs come to Mexico?
The main countries that contribute venture capital funds to Mexico City are Japan, the United States and Mexico.
A nivel nacional, el 49% proviene de Europa, 26% de Sudamérica, 13% de Asia y 10% de Norteamérica.
A great advantage that Mexico has is its northern border with the United States, which makes it easier to maintain ties with investors from that country, take advantage of trade agreements and the same time zone.
34% of foreign entrepreneurs in Mexico expressed their desire to live in the country, a fact that influenced their decision to invest here.
Fighting the narrative of crime and corruption in Mexico, a recommendationto the Mexican authorities
On the other hand, Endeavor’s results also include recommendations. Some to the government, others to local and foreign entrepreneurs.
Mexican authorities are advised to combat the narrative of crime and corruption; publicize the flexibility that the country has on immigration issues and accept official identification alternatives for certain procedures, among others.
To the locals, he suggests investing part of their time in gaining experience abroad. As well as considering starting their company with a co-founder from another country. As well as considering starting their company with a co-founder from another country.
Finally, for foreign investors, Endeavor asks them to become familiarize with the processes to be a legal Mexican resident and consider starting their company with a co-founder.
With information from the U.S.-Mexico Foundation, Endeavor and squarespace.