Working in Mexico City?
Working in Mexico City
- Most working expats are located in Mexico City. The secondary and the tertiary sectors are flourishing and employ the most people.
- Understanding how to pay taxes and how much is due can be challenging and it is therefore important to get the right information.
- Mexico’s healthcare system is composed of private systems and public ones, like the Seguro Popular. Other specific healthcare plans exist as well.
The Work Hub for Expats
As Mexico City is the nucleus in almost all aspects of the national economy, working here has all but become synonymous with expat employment in Mexico. And the perks are obvious: with more and more global players establishing offices in the capital, being assigned to Mexico City-based subsidiaries of your company is both a realistic and, most likely, career-advancing option. The fact that this is probably also one of the easiest ways for expats to enjoy their time working in Mexico City further sweetens the deal. You can be fairly certain that if a multinational corporation operates in Mexico, be it a bank, an automobile manufacturer, or an IT company, they will also have offices in Mexico City.
Of course, you do not need to be employed in a multinational company to be able to start working in Mexico City. The capital is also the preferred site for headquarters of an astounding number of Mexican companies, and it’s the main hub for the national media. The application process, however, is a bit less straightforward than a simple transfer and requires some perseverance and effort on your part.
A Paradise for the Secondary and Tertiary Sectors
Estimates are not always in agreement about how big a part of the national GDP the men and women working in Mexico City are responsible for (a number of sources seem to peg it at around 18%). Yet, there is no disputing that Mexico City is the spearhead of the Mexican economy and a hub for finance, industry, services, and the media. Whether for the size of its workforce, the city’s political significance, or the potential for synergies with other companies, Mexico City and, in turn, the Valley of Mexico Metropolitan Area (ZMVM), are highly attractive for companies in the secondary and tertiary sectors. As such, if you are considering working in Mexico City, you can expect to find a job in these sectors. The primary sector is close to non-existent, as the highly urbanized valley and its environmental problems give agricultural endeavors very little chance of succeeding.
Companies within the secondary sector in Mexico City and its immediate environs operate in the pharmaceutical and chemical, textiles, electronics, steel, transportation, and foodstuffs industries. The tertiary sector, however, is even more highly developed, with services making up almost three-fourths of the metropolitan area’s GDP. In this sector, industries such as banking, insurance, telecommunications, and tourism are prevalent. Furthermore, the sector includes public services provided by the government, like hospitals, mains water, and electricity.
Many of the city’s 16 districts function as economic centers and sub-centers as well, notably Benito Juárez and Cuauhtémoc. Tourism is a very valuable service industry, as it generates foreign income. Of the two million people employed in this sector in the whole country, 400,000 work in Mexico City. As a matter of fact, it is one of the most beloved vacation destinations worldwide, with 10 million visitors a year. The tourist infrastructure has consequently been built up to meet the demand. Around 600 hotels and many other places for people to stay can be found in Mexico City.
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