What is the PROSEC Program?
Resource optimization and the reduction of tax costs are crucial to your company’s success. The PROSEC Program, or Sector Promotion Program, is a vital tool for legal entities engaged in domestic manufacturing and importing consumables, parts or components for their production. If you want to increase your company’s competitiveness in the international market, the PROSEC Program is your strategic partner.
Benefits of the PROSEC Program:
- Reduced or Exempt Tariff: With the PROSEC Program, your company can import goods at lower tariff rates or even be exempted from the General Import Tax on certain products. This translates into a significant reduction in costs, allowing you to offer more competitive prices and improve your profit margins.
- Increased Efficiency: Cost reductions in imports will help improve the efficiency of your operations, leading to faster deliveries and higher customer satisfaction.
- International Competitiveness: With reduced tariffs, your company will be in a stronger position to compete in the international market, potentially opening up opportunities for expansion and growth abroad.
At Tradeworks, we offer the most specialized consulting to handle this process. We ensure that you meet all the requirements to enter the program, guiding you in every step of the way until you have authorization. Additionally, we will inform you the obligations – and the consequences of not meeting them – that come with enrolling your company in the PROSEC Program.