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Expanding or relocating manufacturing operations into Mexico offers many competitive advantages for companies looking to keep ahead of the competition. Shelter operations are a popular choice for businesses looking to “test the waters” in Mexico. This unique opportunity allows companies to set up a maquiladora program which allows them to forego establishing themselves as a foreign subsidiary, which is standard in most countries. Capitalizing on shelter services (as well as NAFTA’s bilateral trade agreements) ultimately reduces both time and costs.
Approximately 85% of NAPS’ client base chooses to expand to Mexico under “shelter,” which means they operate under a Mexican corporation owned by NAPS. Because these foreign companies have no “legal” presence in Mexico, they also avoid any liability associated with doing business in Mexico but still benefit from all government tax and duty abatement programs, such as the IMMEX Program (formally maquiladora program which allows manufacturing companies to import equipment and raw materials tax-free and manufacture in Mexico, so long as the final product in exported for sale off Mexican soil) and PROSEC. Below is a list of advantages associated with operating under a NAPS Mexico shelter corporation.
Operating under a NAPS Mexico shelter corporation does not preclude a company from having their own name, facility, or corporate culture in Mexico. In fact, every one of NAPS’ clients operates under their own roof, implements their own processes and procedures and sets the culture of their factory. NAPS is there to provide exceptional administration and compliance management support without interfering in other areas of the operation. Whether a company chooses to operate under a NAPS Mexico shelter corporation or under their own Mexican legal entity, NAPS provides the exact same service under both scenarios.
For more information on establishing a new shelter company or operations in Mexico schedule a teleconference to learn more about our shelter program and services in Mexico, please contact NAPS, a leading service provider for shelter operators in Mexico with 16 locations. Join many shelter manufacturing companies in Mexico and start saving today!
Let us show you why NAPS has earned a superb reputation as a leading administrative compliance management service provider.