Ah, Mexico, the land of vibrant colors, mouthwatering tacos, and seemingly never-ending bureaucratic procedures. For the brave souls venturing into the world of entrepreneurship in this captivating country, the struggle against red tape and government procedures has become a wearying battle that consumes an astonishing 506 hours per year on average. Yes, you read that right—over 500 precious hours drained away by paperwork, waiting in line, and jumping through regulatory hoops. It's enough to make even the most enthusiastic entrepreneur question their life choices.
The Coparmex (Confederation of Employers of the Mexican Republic), an organization representing the interests of Mexican businesses, recently conducted a survey that shed light on the plight of these valiant entrepreneurs. In 2022, a staggering 53.5 percent of the 2,315 Coparmex members reported encountering problems with government procedures, marking a disheartening increase of 6.1 percentage points compared to the previous year. It seems that the hurdles and roadblocks faced by enterprising individuals are multiplying rather than dwindling, exacerbating the already arduous journey of building a successful business.