Mexico’s strategic location, vibrant culture and growing economy make it one of the most attractive destinations for foreign entrepreneurs. From beachside boutique hotels in Tulum to fintech startups in Mexico City or manufacturing operations in Monterrey, the country offers diverse opportunities for doing business abroad.
But launching a venture abroad also comes with practical challenges, from navigating legal processes to securing the right visa and healthcare coverage. That’s where Mondassur comes in. Our international health insurance solutions — including expatriate insurance in Mexico — are designed to support business owners, expats and international teams as they establish themselves in Mexico.
In this article, we’ll walk you through why Mexico is a great place to start a business and how Mondassur can help protect your health and secure your peace of mind every step of the way.
Why start a business in Mexico?
Mexico offers one of the most dynamic business environments in Latin America. It benefits from:
- A population of over 130 million consumers
- Access to North and South American markets
- Low operational costs and skilled labor
- Thriving sectors in tourism, tech, manufacturing, and more
Mexico City is a leading innovation hub in Latin America, home to hundreds of startups and international accelerators.
Can foreigners start and own a business in Mexico
Mexico welcomes foreign investment. In most industries, foreigners can own 100% of a business without restrictions. However, certain sectors like energy or activities near borders may require special permissions or structures.
Common business structures:
- Stock corporation and variable capital : A flexible corporation structure suitable for startups and investors
- Limited liability company .: A popular option for small and medium-sized businesses.
- Sole proprietorship: The simplest structure to set up, ideal for freelancers or individual entrepreneurs.
Business registration is done through the Public Registry of Commerce, and you’ll also need a Federal Tax ID (RFC). Hiring a local legal or accounting professional is highly recommended.
Work visa requirements in Mexico for expats and business owners
To legally operate a business in Mexico, you’ll typically need a temporary resident visa with work authorization or an investor visa. In both cases, proof of valid international health insurance is often a key part of the application.
That’s where Mondassur comes in.
We offer tailored international health insurance plans that meet Mexican visa requirements and provide comprehensive protection for expats and entrepreneurs. Whether you’re relocating for the long term or beginning your business journey in Mexico, we can help you secure the coverage you need to focus on your venture
Our Gold Expat international health insurance plan is especially well-suited for entrepreneurs and expats in Mexico . It offers:
- Coverage for medical expenses in Mexico and abroad
- Access to private hospitals and clinics
- Repatriation and emergency evacuation coverage
- Hospitalization, surgery and specialist consultations
- Optional dental, vision and maternity add-ons
- 24/7 multilingual support and online claims service
- Plans compliant with Thai visa requirements
Discover the Gold Expat plan and get a personalized quote today.
Tips for doing business in Mexico
- Choose your location wisely
- Mexico City: Tech, finance and professional services
- Guadalajara: Software and electronics hub
- Monterrey: Industrial and commercial capital
- Tulum / Playa del Carmen: Ideal for hospitality and tourism
- Learn local business culture
- Relationships matter, building trust takes time
- Be polite and patient in negotiations
- Formality is valued, especially in initial meetings
- Navigate bureaucracy with local help
- Company registration, tax filings and permits often involve multiple agencies
- Work with an accountant or gestor to save time and avoid errors
- Join local and international networks
Expanding your professional network can be key to understanding the local market, finding business partners and navigating regulatory challenges.
Look for opportunities to:
- Attend entrepreneurship workshops and industry events
- Join local and international chambers of commerce
- Participate in co-working communities and startup hubs
- Explore government-led initiatives for foreign investors
Getting involved in these communities can provide valuable insights, local knowledge and access to practical tools and contacts that support your business journey in Mexico.
Corporate health insurance plans for expats and international teams in Mexico
As your business grows, so do your responsibilities. Whether you’re a solo entrepreneur or managing an expanding team, Mondassur offers solutions for every stage of your business journey.
If you’re hiring international staff, relocating employees or expanding across borders, our corporate international health insurance plans are tailored to support startups and SMEs in Mexico.
Our employee benefits plans include:
- Comprehensive group medical coverage
- Support for multinational and remote teams
- Flexible options adapted to your budget and team size
- HR onboarding assistance and multilingual support
A strong employee health plan not only protects your team, it also helps you attract and retain top talent in a competitive market. Explore our business insurance abroad options.
Stay covered in Mexico with Mondassur
Starting a business in a new country is an exciting adventure but preparation is key, and that includes protecting your health and securing your legal stay. Whether you’re relocating alone, with your family, or growing an international team, Mondassur’s international health insurance business mexico plans are here to support you.
We offer:
- Visa-compliant coverage for Mexico
- Plans for individuals, families, entrepreneurs, and companies
- Access to top private care and international networks
- Fast online enrollment and responsive support in English, French, Spanish, and more
