When talking about manufacturing in Mexico:, one of the first things that come to mind is the IMMEX maquiladora program. It is widely known because of the results it has given to many foreign companies, as well as the immediate benefits it can provide to new investors. How is manufacturing in Mexico and what are the benefits your company can get? We will talk about it here.
What is the IMMEX Program?
IMMEX is the Mexican Program for the Manufacturing, Maquiladora and Exporting Services Industries. When a company enters this program, it gets benefits such as the exemption of the general import tax, the value added tax or other countervailing duties. This is why many foreign investors see the benefit of manufacturing in Mexico: the benefits offered by the country decrease the cost of their production, which makes it easier for companies to improve processes and optimize products.
Of course, this benefits change depending on the city where the company is settled. Mexico offers many advantages, but there are cities that stand out from the others in many ways. Tijuana is a great example of how the IMMEX program can be strengthened with the help of local government and the features of the city itself.
Maquiladoras in Tijuana
As we said it before, IMMEX is a national program. Maquiladoras can be found all over the country and many of them carry out successful operations. However, the real success of a company depends on features like location, infrastructure, strategic connections and workforce, to mention a few.
That is why Tijuana is the best option when looking for a place to set up a company. Its closeness to the U.S., the connection to important seaports and airports, and the results of their workers make it an ideal place to improve operations and increase earnings.
At Tijuana EDC, we have been analyzing the city’s manufacturing environment for over 30 years; therefore, we have relevant data that tells us that the results reached in this city are outstanding and one of the best in the country. If you wish to receive this important information, as well as the IMMEX maquiladora program benefits, do not hesitate to contact us. We will be glad to provide professional advice.