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Silicon Valley has developed into a very expensive, fiercely competitive, and highly concentrated sector during the past ten years. Due to these circumstances, businesses started looking for chances in other areas, one of which was Latin America, more specifically Mexico.
Mexico ranked 8th position in the Foreign Direct Investment (FDI) Confidence Index among emerging countries in its 2023 edition, prepared by the Kearney Consulting.
The manufacturing sector, which had a 25.6% increase in exports, was significantly responsible for the growth in exports. This is an important achievement because Mexico's manufacturing industry is vital to the country's economy and offers millions of people employment opportunities.
In an effort to increase its presence south of the US border, Tesla Mexico plans to establish a new facility in Monterrey.
Value Added Tax (VAT), or Impuesto al Valor Agregado (IVA) in Mexico, is an indirect tax applied to most goods and services sold or rendered in the country. Taxes in Mexico, including the IVA, play a crucial role in funding government programs and services. The standard rate for the Mexico VAT tax is 16% of the total value of the transaction.
Whether you have questions about the process or are ready to get started, we're here to help.
Contact us today at (855)480.0837 to learn how we can provide you with expert support every step of the way, from exploration to set up and beyond.
With our extensive experience providing Shelter Services in Mexico, we'll make sure your manufacturing operation in Mexico is a success. Don't wait - reach out to us today and let's get started!
USA Corporate Office
Ph: 619.429.4344 / 855.480.0837
8716 Sherwood Terrace
San Diego, CA 92154 USA
Mexico Corporate Office
Ph: 855.480.0837
Blvd. Tomas Alva Edison 14022
Int. 7A, Tomas Alva Edison
Tijuana, BC 22163, Mexico
info@co-production.net
Mexico Monterrey Office
Av. Benito Juarez 1102 Col. Centro
Piso 4 Torre Sur, Oficina 432
Monterrey, Nuevo Leon 64000, Mexico
info@co-production.net
