Benefits of the IMMEX program

https://insights.tetakawi.com/what-is-immex

Reference: Overview of the IMMEX Program and Maquiladoras in Mexico. (2022, March 22). Tetakawi.

Capacity Development: The IMMEX program fosters the development of productive and technological capacities in Mexico by promoting the training of qualified personnel and the adoption of advanced manufacturing practices.

Promotion of Foreign Investment: The IMMEX program is an incentive to attract foreign direct investment to Mexico, which promotes job creation, infrastructure development, and technology transfer to the country.

Operations Flexibility: Companies participating in the IMMEX program can carry out subcontracting operations (maquila), which allows them to take advantage of the specialization and resources available in Mexico to improve the efficiency and quality of their products.

Customs Simplification: The IMMEX program streamlines customs procedures, allowing companies to reduce waiting times at borders and speed up the flow of goods, saving time and logistics costs.

Tariff Reduction: The IMMEX program allows the import and export of finished products with preferential tariffs, which facilitates access to international markets and improves the competitiveness of Mexican companies.

Tax Exemption: Companies participating in the IMMEX program can temporarily import raw materials, inputs, and equipment without paying taxes, which significantly reduces production costs.

Benefits of the IMMEX Program