These days, it is everyone’s priority to step into the business industry and expand it across the world. It is one of the biggest wishes for any kind of entrepreneur to get rid of heavy tariffs while launching a manufacturing company across borders. Entrepreneurs with the intention of starting a business in Mexico are very lucky because they don’t have to pay massive tax and even get multiple other significant advantages. In the country, there are numerous shelter service provider companies like Tacna that support newcomer industries and provide them with the best services. Here a question comes into our minds what is a shelter provider?
What are shelter provider companies?
A shelter service provider company is a kind of organization that helps foreign manufacturer companies to quickly set up their operations in Mexico under an IMMEX maquiladora program. It handles all concerns of the foreign manufactures, including legal tasks, while the manufacturers mainly focused on their core businesses. In simple words, we can say that foreign companies just deal with those problems that are directly linked to their production. Moreover, a typical shelter service provider company deliver a number of facilities to the manufacturers that are mentioned below:
- Tax and fiscal compliance problems
- Human resources
- Recruiting effective staff
- Customs management (import and export administration)
- Workers payroll and benefits administration
- Facilities management and real-estate
- Trade talks and vendor relationships
- Environmental, safety, and security
You will get to know that there are various kinds of shelter-providing companies working in Mexico. Some of the manufacturers want to get specific services from the shelter provider and some of them require a whole package that includes all facilities. Following is a little elaboration of the IMMEX program.
IMMEX program is described as a way to provisionally import manufacturing equipment and other raw materials to Mexico and export them after a specific period to their home countries without paying any tariff on them.
Is Mexico getting benefits from the IMMEX program?
In the beginning, the country was much poor in the economy but after the passage of time, it launched the IMMEX program to attract international manufacturers to expand their businesses in the region. Whenever any foreign company decides to launch their company in Mexico, it turns out in thousands and millions of employment that definitely add to strengthen its economy. At this stage, the world’s top 89 out of 100 auto parts producers reside in Mexico. Furthermore, electronics, steel, and several other high-end exports are located in northern Mexico and the automotive industry is located in southern Mexico.
Once you have made a collaboration with the shelter service providers, the shelter provider will urge the government to approve IMMEX certification to that particular foreign company as soon as possible. After this, the foreign company will be free from paying a number of taxes and can progressively grow their business. If you are thinking to launch a business, then you should give priority to open in Mexico which would be beneficial for both sides.