What is the IMMEX Program?
If your company wants to maximize the benefits of the IMMEX Program, you’ve come to the right place. At TradeWords, we offer a management service that will help you optimize your operations and gain significant advantages in temporary imports and exports.
The IMMEX Program (Programa para la Industria Manufacturera, Maquiladora y de Servicios de Exportación), is an initiative aimed at legal entities with temporary import projects for its later exportation. Its objective is to grant benefits to companies whose production processes are focused on manufacturing, transforming or repairing goods intended for exportation. This means that the import of goods must be temporary, with a specific time limit for their duration in Mexico
Benefits of the IMMEX Program:
By joining the IMMEX Program, you will have access to a range of benefits that will significantly improve your foreign trade operations:
- VAT Certification: You will get a 100% credit on Value Added Tax (VAT) for your foreign trade operations.
- Goods transfers: You will be able to transfer goods to other companies that are part of the program through virtual customs declarations, allowing you to invoice at a 0% VAT rate on all sales made under the program, as these are considered sales for export.
We will guide you through this process, identifying the approach that best suits your company’s needs. Additionally, we will advise you on the obligations that your company must meet as part of the IMMEX Program. One of the most important requirements is the management and operation of an inventory control system according to Annex 24 of the General Rules of Foreign Trade. At TradeWords, we have developed our own system to ensure efficient operation, providing maximum compliance with the greatest possible ease.