Mexico is the third largest country in Latin America after Brazil and Argentina, and shares borders with the United States to the north and Belize and Guatemala to the south. Its population exceeds 126 million, making it the second most populous country in Latin America after Brazil. The official language is Spanish, although many indigenous dialects are also spoken.
Economically, Mexico is considered one of the world’s leading emerging economies and is a member of the Organisation for Economic Co-operation and Development (OECD) and the G20. However, the country has experienced economic challenges in recent years, including a heavy reliance on exports to the US and political instability.
The Mexican government has implemented economic reforms to strengthen the country’s economy, such as privatizing some state-owned enterprises, liberalizing markets, and promoting foreign investment. Mexico is also a signatory to several international trade agreements, such as the North American Free Trade Agreement (NAFTA), which has recently been replaced by the Canada-US-Mexico Agreement (CMEA).
In terms of trade relations with Hungary, trade between the two countries remains relatively modest. In 2020, Mexican exports to Hungary amounted to about US$141 million, while imports from Hungary were about US$50 million, according to data from the Hungarian Central Bank.
Mexico also has a growing consulting sector, offering legal, accounting, and tax services for companies operating in the country.
Best 5 tax and accounting firms in Mexico
1.Cuevas y Lugo, S.C. (Cuevas and Lugo, S.C.)
Cuevas y Lugo, S.C. (Cuevas and Lugo, S.C.) is a Mexican law firm based in Mexico City. The firm offers a range of legal services to both individuals and businesses, including but not limited to, corporate law, civil and commercial litigation, arbitration, labor law, intellectual property, and international trade.
2. FIT Consulting International
FIT Consulting International is a New York-based global consulting firm that offers services to help businesses optimize their processes, increase efficiency, and enhance operational performance. With offices in Europe, Asia, and the Middle East, they specialize in areas such as supply chain management, logistics, procurement, and manufacturing operations. Their team of experienced consultants provides strategic advice, operational support, and technology solutions to clients across various industries, including consumer goods, automotive, healthcare, and retail. Using their extensive industry knowledge, proprietary tools, and analytics, they help clients achieve operational excellence and a competitive edge. FIT Consulting International is recognized for its high-quality consulting services, innovative solutions, excellent customer service, and long-term value for clients.
3. Grupo KMC Contadores Públicos S.C.
Grupo KMC Contadores Públicos S.C. is a Mexican accounting and consulting firm based in Mexico City that offers auditing, tax compliance, financial consulting, and business advisory services to clients across various industries. They are dedicated to delivering high-quality, personalized solutions to meet their client’s specific needs. With a focus on building long-term relationships, their experienced professionals provide accurate and timely advice to navigate complex accounting and tax regulations and improve financial performance. Grupo KMC Contadores Públicos S.C. is known for its expertise, professionalism, and commitment to excellence, and is a trusted advisor to businesses in Mexico.
4. Kuri Breña, Sánchez Ugarte y Aznar (KBSA)
Kuri Breña, Sánchez Ugarte y Aznar (KBSA) is a Mexico City-based law firm that provides legal services in areas such as corporate law, commercial transactions, intellectual property, labor law, and litigation. With a reputation for expertise in complex corporate transactions, KBSA offers high-quality legal services tailored to client’s specific needs. The firm’s lawyers work closely with clients, offering practical, cost-effective solutions to legal challenges while maintaining responsiveness and commitment to client service. KBSA’s commitment to excellence has earned them recognition from legal publications such as Chambers and Partners and The Legal 500, making them trusted advisors to businesses and individuals in Mexico and beyond.
5. AEOS
AEOS is a management consulting firm based in Mexico that provides a range of consulting services in strategy, human resources management, process improvement, and project management to businesses, government organizations, and nonprofit entities. AEOS consultants work closely with their clients to understand their needs and objectives and offer them customized solutions that meet their specific requirements. The company is known for its professionalism, integrity, and commitment to client service and is a trusted partner to many businesses and organizations in Mexico.
Best 5 legal firms in Mexico
1. Basham, Ringe y Correa, S.C.
Basham, Ringe y Correa, S.C. is a top-rated law firm based in Mexico City, Mexico, established in 1912. With over 200 experts, including lawyers, engineers, and tax advisors, they offer a wide range of legal services to domestic and international clients in various practice areas, such as corporate law, mergers and acquisitions, banking and finance, and intellectual property. The firm has particular experience advising clients in regulated sectors like healthcare, energy, and telecommunications. Basham has a reputation for exceptional client service, with multinational corporations, financial institutions, government entities, and individuals among its clients. The firm has earned numerous awards for its legal services, including recognition by Chambers and Partners, Legal 500, and Latin Lawyer. Basham’s mission is to provide customized legal solutions that meet its client’s specific needs and objectives.
2. Chacón & Rodríguez, S.C.
Chacón & Rodríguez, S.C. is a law firm in Mexico City that provides legal services in corporate law, commercial transactions, labor law, intellectual property, and litigation to both domestic and international clients. The firm is known for its commitment to providing high-quality legal services that are tailored to the needs of its clients.
3. Gonzalez Calvillo
Gonzalez Calvillo is an international law firm with offices in Mexico and the United States. Founded in 1982, the firm has since gained a reputation for its expertise in corporate law, finance law, competition law, tax law, and labor law. The firm represents a diverse range of clients, including multinational corporations, financial institutions, government entities, and individuals. Its team of lawyers is known for providing high-quality legal advice and strategic solutions to complex legal issues. Gonzalez Calvillo is committed to providing its clients with exceptional service and building long-lasting relationships based on trust and respect.
4. Ibáñez Parkman
Ibáñez Parkman is a Mexico City-based law firm founded in 1993, providing high-quality legal services in various practice areas such as corporate law, mergers and acquisitions, finance, real estate, energy, telecommunications, and litigation. The firm is known for its experienced team of lawyers who offer personalized attention and practical solutions to client’s legal needs while maintaining high standards of professionalism and integrity.
5. Iglesias Abogados, S.C.
Iglesias Abogados, S.C. is a Mexico City-based law firm specializing in labor and employment law, founded in 1986. The firm’s areas of expertise include labor litigation, social security law, and immigration law. It has a reputation for providing practical and effective solutions to clients’ labor and employment issues, and its lawyers are experienced in representing employers in a variety of industries. Iglesias Abogados, S.C. is recognized as one of Mexico’s leading labor and employment law firms.
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