Mexico is fast becoming the booming economy of North America. It has a very competent services sector, and manufacturing is always on the rise. It is the reason why Mexico is getting all the attention from investors.
More than ten thousand international companies have set up manufacturing operations in Mexico in the last two decades. It speaks volumes of the investor’s trust and investment-friendly business environment in Mexico.
As more and more businesses and companies are rushing to Mexico, the experience and exposure the locals have gained can be a valuable asset to any new company. They can acquire great help from the local businesses and setups. The involvement of local firms can act as a catalyst for newcomers.
Friendly Government
Mexico is a modern country. It has realized the great potential of its populace and geostrategic location. The government is trying to utilize this great potential and translate it into a developed economy.
The government is very friendly to foreign investors. The ease of doing business facilitates the newcomers to settle as soon as possible and start operations. The registration process is efficient and quick. There are no hidden statements. The government has also announced tax reliefs for new investors.
You surely do not want to miss out on this great opportunity.
Local Sheltering Services Companies
The sheltering model in Mexico was introduced back in the 1980s. It is a very successful model that has driven the manufacturing sector in Mexico. It is also called the Maquiladora program.
Sheltering companies extend help to new foreign investors or companies that want to start manufacturing in Mexico. The help range from site selection, providing labor and machinery or infrastructure.
Experienced sheltering companies like TACNA help cover the legal aspects of things. They shield you from the extra scrutiny of the tax and income departments and guide you in legal matters a well.
The best part about sheltering is that you have full administrative control of the manufacturing. This helps you gain ground quickly in the new market.
IMMEX Program
The IMMEX Program is a comprehensive tax relief plan that you can avail through a sheltering company.
With this incentive, the foreign investors or manufacturers can temporarily avoid the value-added tax on machinery imports. It is a massive boost for businesses as they do not have to pay tax on machinery before they start operations.
Low Cost and Efficient Labor
Mexico has one of the best workforces in terms of skilled labor. Skilled labor is readily available, and the costs are friendly.
In Mexico, the average pay per hour is $2 to $5. Compared with the United States, it is four times more affordable. This will help you save a lot annually.
Proximity to Harbors and United States
The best manufactures look for affordable sites near their most important markets. Cost-effective manufacturing is one thing, and transporting goods to market is another.
Luckily, Mexico is United States’ third-largest trading partner. Its proximity to the United States and availability of harbors make it the best destination. You can easily transport goods from Mexico once you receive orders.
