How to Host a WordPress Website in Mexico?
Mexico is one of the most popular travel destinations in the world. The country is located next to the United States and shares a large border with it. Tourists visit Mexico for a variety of reasons including to experience the beautiful beaches, the historical center of the cities, and the vibrant culture. If you’re considering a visit to this fascinating country, then you should know how to host a wordpress website there.
Luckily, hosting a wordpress site in Mexico is not as difficult as you might think and can be done with minimal effort. In this article, we will discuss the steps you need to take in order to get your wordpress site up and running in Mexico.
Register With The Government
As a general rule, you should try and avoid doing business in a country if you are not registered with the government of that country. In the case of Mexico, you will need to register as a company or as an individual to be able to operate there. In most cases, you will have to register even if you are an individual. It is also advisable to consult an expert when it comes to business in countries with a different legal system such as Mexico.
It is important to mention that you will have to pay a registration fee of around US$250 to the government. The good news is that once you register, you can establish a company or operate as an individual. You can then apply for a tax ID number which will allow you to open a bank account and pay your vendors without having to worry about the legality of your transactions. Finally, you must register with the Federal Election Commission (FEC) which is basically the Mexican version of the US Federal Election Commission.
Set Up Shop
The second step in the process is to set up shop. This essentially means establishing a physical presence in the country. Setting up shop in Mexico is not as difficult as you might think and there are a wide variety of options for those who want to do so. The most popular way to set up shop in Mexico is through a virtual assistant (VA) who will help you run your business from the comfort of your home. You can use online resources to find a suitable VA who will help you in setting up your Mexico shop. You should research the country’s regulations and ensure that you choose a VA who is registered with the government and has a good reputation.
One of the main concerns of doing business in Mexico is security. The country is known for its drug lords and corrupt officials who try and steal your business. It is advisable to take precautions such as hiring armed security guards or having a vault where you can store your valuable goods. Storing your goods in a safer place is also advisable.
Get A Business License
Now that you have registered with the government and set up shop, you need to get a business license. This is an import document that allows you to operate a business in Mexico. In most cases, the license will be valid for a year and you have to renew it every year. It is advisable to consult an expert to help you navigate the bureaucratic business registration process in Mexico. You can search for a business license in Mexico online and download the application forms directly from the Mexican government website.
Find A Bank Account
The next step is to find a bank account. Banks in Mexico are usually wary of providing services to businesses that are not registered. However, you can find a private account that is accessible to you and your business. Some of the best private banks in Mexico will even offer you an interest-free loan to get your business started. In any case, it is advisable to find a bank that is willing to offer you a business account and that has offices in your area.
Establish A Record Of Transactions
Next, you need to establish a record of your transactions involving financial matters. The easiest way to do this is by setting up an online account with a financial clearinghouse such as Quicken or YNAB (Yacht, Yacht, and Aircraft Books).
You must record all of your financial transactions, including cash and credit card purchases, for at least three months. This is to ensure that you have adequate proof of your transactions if you are audited by the IRS or any other financial institution. You can find a reputable accountant who will prepare your tax returns for a reasonable fee.
Pay Your Employers In Mexico
The last step is to pay your employers in Mexico. Taxes in Mexico are based on a percentage of your annual income and there are a wide variety of taxes to pay. One of the primary taxes you will have to pay is Social Security contributions which are around 12%. However, there is also an income tax and a value-added tax (VAT) that you will need to pay. As a general rule, you can expect to pay 25% in income taxes and 12% in social security contributions.
Tourism In Mexico
Tourism is one of the key industries in Mexico. According to the Mexican National Institute of Statistics and Geography (INEGI), around 7 million tourists visited Mexico in 2018. The numbers are likely to increase with the development of new destinations and popular culture of exploring unknown places. The main tourist attractions in Mexico include the Zona Colonial (colonial zone) in Mexico City , the Old Mexico City ruins, the Cave of the Crystals in Cobá , the Museo Alpes (Ski Museum) in Tikal , the Tulum ruins , and the Temple of COB . There are also a number of beautiful beaches scattered around the country.
The best way to study the Mexican economy and the travel industry is through GoAbroad’s Top 10 Tips for Doing Business in Mexico. These tips will help you to break the language barrier and gain trade access to the Mexican market. In addition, you will learn how to find a local partner for trade, how to register your business with the government, how to choose a suitable banking account, and much more.