Doing Business

Doing Business in Mexico 2015

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23 Doing Business in Mexico 2015 Chapter 4 Investment incentives Investor considerations • 100% foreign ownership is permitted in labor-intensive in-bond processing entities (herein Maquiladoras or IMMEX companies) and in most other activities. • No free-trade zones exist in Mexico. • Specific duty deferral programs allow temporary imports (under the IMMEX program), besides strategic bonded warehouses, which bring additional benefits. • Incentives are not offered for establishing international financial center operations. • Mexico is not a tax-haven country; its tax rates are comparable to those of both developed and developing countries. • The Mexican government has a policy and procedures that aim to simplify the setting up of a company, including the reduction of formalities and time for issuance of authorization resolutions. Investment policy It has been the general policy of the Mexican government to eliminate tax incentives and to grant them only on a selective basis. Tax concessions No special tax concessions are offered to encourage foreign businesses to locate in Mexico. However, special tax incentives are granted to taxpayers that wish to contribute to qualified film and theatre projects and to taxpayers who are involved in the agriculture, livestock, fishing, or timber industries. 4

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