Your quick guide on talent and labor compliance norms in Mexico
Mexican Peso (MXN)
Bi-weekly and monthly
GDP per Capita
35.1% - 43.73%
Major economic sectors in Mexico are services, agriculture, manufacturing, commerce, mining, and energy production. Mexico houses the highest number of Spanish speakers in the world, and it is the 10th most populous country in the world.
Major economic hubs:
Mexico City, Guadalajara, Monterrey
Skills in demand:
Automotive-related skills, Aviation-related jobs, Project Automation, Data Analyst, AI & Machine Learning, Digital Marketing & Strategy
Listed below are the top universities in Mexico
World : 44
World : 274
World : 280
World : 331
World : 542
A few jobs in Mexico and their salary ranges are as follows:
|Job Title||Average Monthly Salary (MXN)||Average Monthly Salary (USD)|
|Engineer||28,200 MXN||1,663 USD|
|Software Developer||30,600 MXN||1,804 USD|
|Data Analyst||31,800 MXN||1,875 USD|
|UX Designer||22,600 MXN||1,333 USD|
|Project Manager||36,200 MXN||2,134 USD|
Mexican employees can be paid either bi-weekly, or monthly depending on the employment contract.
The minimum wage in Mexico is 172.87 Mexican Pesos per day (except in the Free Trade Zone). In the Free Trade Zone of the Mexican Northern Border, the minimum wage is MX$ 260.34.
Overtime is permitted in Mexico with a limit of 3 hours a day and not exceeding 9 hours a week. This is compensated at twice the regular pay. If overtime exceeds 9 hours, the compensation allotted in Mexico is thrice the regular pay. For working on Sundays, an extra 25% of the regular pay is provided.
The 13th-month pay, also known as Aguinaldo in Mexico, is mandatory and has to be paid by 20th December every year.
For Mexican residents:
|Annual Income Range||Tax (MXN)||Tax on Excess (%)|
|0 – 7,735||0||1.92%|
|7,735.01 – 65,651.07||148.51||6.4%|
|65,651.08 – 115,375.90||3,855.14||10.88%|
|115,375.91 – 134,119.41||9,265.20||16%|
|134,119.42 – 160,577.65||12,264.16||17.92%|
|160,577.66 – 323,862.00||17,005.47||21.36%|
|323,862.01 – 510,451.00||51,883.01||23.52%|
|510,451.01 – 974,535.03||95,768.74||30%|
|974,535.04 – 1,299,380.04||234,993.95||32%|
|1,299,380.05 – 3,898,140.12||338,994.34||34%|
|Annual Income Range||Tax Rate|
|0 – 125,900||0%|
|125,900 – 1,000,000||15%|
VAT in Mexico is 16%.
Offboarding & Termination
Both the employee and the employer are entitled to terminate the employment.
The notice period for permanent employees is a minimum of 30 days, and for employees on probation, it ranges from 7 – 14 days.
If the termination is with a clause, employees are entitled to all benefits including commissions on a prorated basis until the termination date and the seniority premium of twelve days’ salary for each year of service.
If the termination is without a clause, employees are entitled to the following lump-sum payment:
Visa and Immigration
A temporary resident visa with a work permit (work visa) will allow you to enter Mexico, receive a temporary resident card and undertake paid activities in the country. All temporary resident visas with a work permit must first be requested from the National Migration Institute (INM) directly by the employer. Only the employers registered with the INM can apply for a Work Visa. The Visa holds validity for 6 months and includes 1 entry.
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