Veracruz Investment Guide
Veracruz Investment Background
Veracruz employes over 262,364 people in the manufacturing sector. The state is widely known for it's large oil reserves, large port, electricity generation and fisheries.
Investment Incentives in Veracruz
| Type | Incentive Description |
|---|---|
| Federal | Reduction of payroll taxes |
| Federal | Fiscal incentives for research and development |
| State | Utility fee exemptions |
| State | Free training for personnel |
| For more information on investment incentives view the Veracruz incentives tab | |
Veracruz Average Wage Information (2007)
| Month | Average Daily Wages in Veracruz (2007) |
|---|---|
| 2007/01 | 178.3 pesos |
| 2007/02 | 177.9 pesos |
| 2007/03 | 178.5 pesos |
| 2007/04 | 177.2 pesos |
| 2007/05 | 178.7 pesos |
| 2007/06 | 177.8 pesos |
| 2007/07 | 178.8 pesos |
| 2007/08 | 178.0 pesos |
| 2007/09 | 177.6 pesos |
| 2007/10 | 177.0 pesos |
| 2007/11 | 178.4 pesos |
| 2007/12 | 178.3 pesos |
All wage information for Veracruz is taken from INEGI (Instituto Nacional de Estadistica)
Wages in Mexico are calculated on a daily basis, hourly wages can be calculated by dividing by 8
The minimum wage in Veracruz is 49 pesos per day
Cities and Related Investment Information - 
City Information
- Labor - The fully loaded average hourly rate for a new unskilled employee in USD
- Population - data is taken from the 2005 census
- Airport - If a comerical airport exists in the city
- Toll Road - If there is toll road access to the city
- Sea port - If there is a sea port with 50km of the city
- Ind. Park - The number of industrial parks within the city
- Contact - The website for the city's investment promotion agency
| City | Population | Airport | Toll Road | Sea Port | Industrial Parks |
|---|---|---|---|---|---|
| Coatzacoalcos | 81,884 | Unknown | |||
| Cordoba | 136,237 | Unknown | |||
| Minatitlan | 152,907 | Unknown | |||
| Orizaba | 117,273 | Unknown | |||
| Poza Rica | 174,512 | Unknown | |||
| Veracruz | 444,438 | Unknown | |||
| Xalapa | 387,879 | Yes |
Investment incentives for each state will be administered by the state's investment promotion agency. This is a government agency (or non profit organization) whose goal is to encourage investment in the region. At no cost, they will provide guidance on how best to approach setting up a maquiladora in the region including tours, site visits and of course any state related investment incentives.
| Association | Short Description | Link |
|---|---|---|
| There are currently no Maquila assocations for this region in the Understand Mexico database. | ||
A maquila association is a city's local manufacturers association. They can be a good source of information on average wages, turnover rates or other positives or negatives of investing in the location.
+ Add New Shelter Company
Shelter Companies -
Shelter Companies
A shelter company is a vehicle by which a foreign company can quickly setup operations in Mexico so long as those operations are for the purpose of export. A shelter service company will hire employees, do pass through invoicing, manage permitting and more on the foreign companies behalf. The foreign company then manages the operations side of the company. For this service, most shelter service companies charge a fee per direct labor hour
| Shelter | Short Description | Link |
|---|---|---|
| There are currently no shelter companies for this state in the Understand Mexico database. | ||
| Building | Short Description | Link |
|---|---|---|
| There are currently no available buildings for this state in the Understand Mexico database. | ||
| Shelter | Short Description | Link |
|---|---|---|
| There are currently no real estate developers for this state in the Understand Mexico database. | ||
| Consultants | Short Description | Link |
|---|---|---|
| TriVista Business Group Inc. | Project Planning & Manufacturing Relocation Specialists | View |
| Consorcio Ambiental | Ensuring Environmental Compliance to Industry in Baja California | View |
| Understand Mexico Consulting | Planning, implementing and follow through on Maquila projects | View |
| North American Production Sharing | Start Up and Business Process Outsourcing (BPO) in Mexico | View |
| Everest Group | Turnkey solutions for successful manufacturing in Mexico | View |
| Dinamek | Automotive Industry Consulting Agency | View |
| Integra Realty Resources de México | Providing Valuation Services throughout México to Industrial, Commercial, Hospitalty, Tourism and Residential sectors. | View |
| AGIM Corporation | Industrial Real Estate Brokerage & Consulting Firm providing Shelter & Relocation Services | View |
| Mexico Consulting Group | Our partners have assisted U.S. business and manufacturing development in Mexico since 1968. | View |
| Shelter | Short Description | Link |
|---|---|---|
| There are currently no law firms for this state in the Understand Mexico database. | ||
| Shelter | Short Description | Link |
|---|---|---|
| There are currently no financial services companies for this state in the Understand Mexico database. | ||
This category includes NAFTA experienced shipping and customs companies to help with the import and export process necessary for manufacturing in Mexico. Our NAFTA guide may be a useful resource in helping to select a suitable logistics company.
| Frieght | Short Description | Link |
|---|---|---|
| There are currently no logistics companies for this state in the Understand Mexico database. | ||
| Real Estate | Short Description | Link |
|---|---|---|
| SolutionsAbroad.com | Solutions Abroad is a web site designed to help people moving to Mexico | View |
| Herman Miller Mexico | Office furniture | View |