Looking to add multiple languages to my site. Can someone tell my if my strategy seems correct?

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Basic context:

I’m building a website, my service will be available in the US, Canada and Mexico. I’m building my website in English, but also want to make one in Spanish for Mexico.

My plan:

1. Build the website in English on my naked domain.
2. Once finished, create a subdomain like “es.domain.com”
3. Clone the WP installation to the subdomain
3. Translate ALL the contents of the new subdomain installation to Spanish

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Does my strategy makes sense? Will this not interfere with SEO or break something?

Appreciate all feedback.

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