How much taxes do you have to pay as expats in Mexico?

When it comes to taxing its residents, Mexico has got to be one of the more aggressive Latin American countries. It taxes residents on their worldwide income, and even non-residents on Mexican-source income. Every year, expats living in Mexico are audited by the SAT (Tax Administration Service or Servicio de Administración Tributaria). Whether you’re applying …

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New normal for businesses in Latin America: 5 tips on adapting to a hybrid work model

The COVID-19 pandemic has been a wake-up call for everyone. It upheaves the way most business partnerships are traditionally formed in Latin America. For instance, the preference for face-to-face interactions or personal touches has been ignored in favor of safety measures. Increasingly, managers and HR are opting for digitalization. What does it take for corporations …

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Insurance underwriting process: what is it and how does it work?

You’ve likely heard of the term ‘underwriting’ before, especially in relation to insurance. But, do you know what it entails? Every potential policyholder looking to buy insurance will have to go through an insurance underwriting process. It assesses your risks to determine an appropriate premium. Read on for Pacific Prime Latin America’s rundown of the …

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Inpatient vs outpatient insurance: Key differences explained

Home to more than 18,000 hospitals, Latin America is a popular medical tourism destination. Though some Latin American countries provide free, high-quality care to their citizens, this is not the case for all. That’s why securing an international health insurance plan is your best bet in avoiding surprise costs while also ensuring your access to …

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Your guide on choosing the best travel insurance in 2021

While globally, more people are vaccinated, traveling is still largely unpredictable. You don’t know if there’s going to be a next wave at your destination, or if the government will be extending the quarantine. Given that, securing comprehensive travel insurance is more important than ever to protect your physical, mental, and financial health. In this …

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