Companies can ensure compliance with Mexico’s labor laws by taking the following measures: Proactive Measures: Compliance Procedures: Additional Tips: By following these steps and prioritizing compliance with Mexico’s labor laws, companies can minimize risks, promote a positive work environment, and build a solid foundation for their operations in Mexico. Remember, consistent effort, open communication, and […]
Manufacturing is a major industry in China, as we know. A third of supply chain leaders plan to move manufacturing out of China by 2023, according to Gartner research. There are several reasons why companies are moving manufacturing out of China: Overall, the combination of rising costs, supply chain disruptions, geopolitical tensions, and intellectual property […]
The companies eligible to benefit from the IMMEX program must export finished products worth at least US $500,000. Their export revenues must also account for at least 10% of their annual sales.
The IMMEX program is a manufacturing solution created in the 1960’s to utilize preferential tariff agreements between the U.S. and Mexico & to encourage foreign investment in that country. The IMMEX program is an acronym in Spanish for “Manufacturing, Maquila and Export Services Industries Program” (Industría Manufacturera Maquiladora y de Servicio de Exportación). More commonly, […]
For starters, assuming they know enough about Mexico to dive in and do it alone. Secondly, committing to an overhead structure that they must grow into rather than starting with a partner that allows them to grow into their needs. With NovaLink, it is up to the client. We welcome expat involvement and work diligently to make […]