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Home»News»We should not underestimate investments through nearshoring, requests the Treasury

We should not underestimate investments through nearshoring, requests the Treasury

Stanley BowersBy Stanley BowersJune 7, 2023No Comments2 Mins Read
We should not underestimate investments through nearshoring, requests the Treasury
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Ramírez de la O highlighted that the arrival of nearshoring can be seen in the demand for industrial buildings and in the generation of jobs that have occurred in construction.

The agile response to the financing needs of commercial banks will be essential for companies to take advantage of this opportunity.

Regarding the decree that was issued on Monday a tax stimulus for companies that establish themselves in the south of the country, in the Interoceanic Corridor of the Isthmus of Tehuantepec, The secretary said that the incentives respond to the fact that there are no companies in that area of ​​the country and there will be a period for them to capture the benefit of the investment before they invest.

“The companies that are located in the Isthmus Corridor -and this is the immediate precedent for the nearshoring-, they will have a discount of 100% of the ISR, in the first three years of operation; in years 4, 5 and 6 they will pay 50%; but if they meet employment goals that are going to be established in the program guidelines, the ISR rate discount could reach 90%,” he said.

To qualify for this tax benefit, companies must have a valid concession or be the owner of land within the area.

“This administration has made a tax relief from procedures, perhaps it is still not enough and perhaps it is still missing, but we have done it with great conviction, many administrative procedures, we have been removing them,” added Ramírez de la O.

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