Mexico

Mexico has long recognised the importance of research and innovation to the development of a strong and sustainable economy. To date, however, the goal of boosting research and development (R&D) spending to 1% of GDP has remained somewhat distant, with public spending across a variety of programmes having an only limited effect on...

The Mexican pharmaceutical industry has potential for the deployment of research and development (R&D) capital. Since 2010 the strategy of the Federal Commission for the Protection from Sanitary Risk (Comisión Federal para la Protección contra Riesgos Sanitarios, Cofepris), the regulatory body governing the sector, has enabled faster...

THE ST REGIS MEXICO CITY T: +52 55 5228 1818 mexico.city@stregis.com www.stregismexicocity.com Rooms: 189 rooms including Deluxe and Grand Deluxe; 37 suites ranging from 60 to 153 sq metres. Business & Conference Facilities: 12 functional meeting spaces for up to 600 occupants include full service and several small meeting rooms. Health...

A religious and historical synergy between Catholicism and indigenous practices gives Mexico the perfect cultural cocktail for a wide variety of festivals. Many are well known internationally, while others are yet to be largely recognised outside the country.

LANGUAGE: Spanish is the official language and is spoken throughout the country. However, there are as many as 62 dialects, the most widely spoken being Nahuatl, Maya and Mixteco. Although English is spoken in many places – especially among government officials and high-ranking executives – it is...

VAT in Mexico is governed by the Value-Added Tax Act (Ley del Impuesto al Valor Agregado). It is the country’s main indirect tax and is applied at a standard rate of 16%, however there is a 0% rate for exports and the supply of local goods and services. As with any other indirect tax, VAT is not paid directly, but is transferred or charged to a third party until it...