FONACOT Mexico: Consumer Credit For Workers Home / Page Introduction: What is FONACOT in Mexico? Indeed, for any company operating in Mexico, navigating the complex web of mandatory employee benefits and government affiliations is a critical component of legal compliance. Moreover, while companies widely understand institutions like the IMSS and
INFONAVIT: Mexico’s National Housing Fund Institute INFONAVIT is the Mexican Institute of the National Housing Fund for Workers. It is the federal institute for worker’s housing. It provides Mexican workers with mortgages to purchase or fix houses. A Pillar of Employee Benefits and Employer Responsibility INFONAVIT is Mexico’s National Housing
STPS The Mexican Ministry of Labor and Social Welfare Home / Page STPS: The Foundational Pillar of Labor Compliance in Mexico The STPS is the Ministry of Labor and Social Welfare in Mexico. For any foreign company establishing or operating a business in Mexico, understanding the country’s regulatory landscape is
Mexico’s Social Security Institute (IMSS) Home / Page Executive Summary For any foreign company establishing operations in Mexico, knowing the Mexican Social Security Institute (IMSS) is vital. Basically, it represents one of the most significant and fundamental pillars of the national business landscape. It is far more than a government
SAT In Mexico: The Tax Administration Service Executive Summary SAT in Mexico is something you will probably come to hate if you decide to start a business in Mexico. Understanding the Servicio de Administración Tributaria (SAT) is not merely a financial compliance task. Moreover, SAT, Mexico’s federal tax authority, is
The IMMEX program requirements are plenty. IMMEX represents the pinnacle of Mexico’s export promotion strategy, offering a powerful suite of fiscal benefits that have positioned the nation as a global manufacturing leader. For a Mexican company, securing an IMMEX registration is a transformative step, unlocking the ability to compete on
Starting a manufacturing operation in Mexico is a powerful strategic move for global businesses. At the heart of this strategy lies the IMMEX program, a sophisticated framework designed to position Mexico as a premier hub for export manufacturing. However, to leverage the program’s full potential, one must understand that it
For foreign enterprises planning to establish manufacturing operations in Mexico, the choice of market entry strategy is a critical decision with long-term financial and operational implications. The landscape of available options is complex, but among them, the IMMEX Shelter Program stands out as a uniquely powerful framework. It is expertly
Prosec Mexico can benefit your operation. For international manufacturers, Mexico’s IMMEX program is the cornerstone of a competitive North American production strategy. It provides the invaluable ability to temporarily import raw materials and components duty-free, creating a powerful engine for export-oriented manufacturing. However, the benefits of IMMEX are primarily designed
For companies in Mexico’s IMMEX program, effective cash flow management is a critical success factor. While the program eliminates duties on temporary imports, navigating the Value-Added Tax (VAT, or IVA) and the Special Tax on Production and Services (IEPS) presents a major fiscal hurdle. The government’s solution is the VAT
For companies operating under Mexico’s IMMEX program, managing the deferral of import duties is a primary benefit. However, a crucial aspect of fiscal compliance involves the Value-Added Tax (VAT, or IVA) and the Special Tax on Production and Services (IEPS). This requires adherence to the Annex 31 IMMEX framework for
The IMMEX program provides a framework for companies to import goods into Mexico for manufacturing and assembly, provided that the final products are exported. A specialized component of this framework is the IMMEX virtual operation, a customs mechanism that addresses transactions occurring between two separate IMMEX-certified companies within Mexico. This
IMMEX Annex 24 can be a pebble in your shoe if you don’t learn it correctly. You’ve heard the pitch for the IMMEX program. Duty-free temporary imports, a significant VAT exemption, and a strategic position for nearshoring—the benefits for manufacturing in Mexico as of 2025 are compelling and clear. They
Telework in Mexico, like everywhere else, became very popular during the COVID-19 pandemic. However, Mexico’s employment laws have regulated it since before that. Firstly, let us remember that lawmakers created the Mexican Federal Labor Law (LFT) in 1970. Back then, there was no internet and no remote work. However, there have
REPSE is a special registry for Mexican companies that outsource personnel. Outsourcing law in Mexico changed radically in 2021, implying a profound change in many of Mexico’s employment laws. It is essential to distinguish what outsourcing means in this context. Our law perfectly allows companies to utilize outsourcing, a business practice
Starting operations in Mexico?
