WHAT IS IT?
The FTZ is equivalent to a free trade zone
The Free Trade Zone regime allows foreign, national or already imported goods to be destined to an approved warehouse, to be stored, exhibited, sold, distributed, transformed or repaired.
BENEFITS
TAXES
Import taxes, duties and countervailing duties are not paid.
Payment of taxes is only made when goods are introduced in the Mexican market.
Non tariff restrictions
Non tariff restrictions are not applied when goods are destined to Free Trade Zone regime, except for sanitation, public health, environmental or national security.
Time frame
Foreign goods introduced in the Free Trade Zone regime, can remain up to 60 months in the regime.
Further regimes
Goods that are introduced into the Free Trade Zone regime, can be later be destined to the following regimes:
- Definite import / export
- Return overseas
- Transfer to another program (IMMEX or Fiscal Deposit)
Waste Disposal
Waste and scrap from repairs or transformation, will not pay taxes or duties.
Local Products
Local goods and nationalized goods will be considered exported when destined to Free Trade Zone regime.
Non consolidated import
Goods can be imported in the amount that is required.
The complete shipment may de deconsolidated to optimize tax benefits.
PROCESS FOR INTRODUCTION OF PRODUCTS INTO FREE TRADE ZONE REGIME
Goods arrive at border Goods enter Mexico through
Transit manifest
At the port of entry a Temporary Transit Manifest is made (with generic customs tariff), for transport of goods from port to warehouse (10 days transit time).
Entry to Free Trade Zone warehouse
Goods enter the RFE and the Transit Manifest is cancelled. Goods can now be stored, exhibited, sold, distributed, transformed or repaired.
Extraction of goods
Goods are returned overseas, imported into Mexico, or destined to another regime.
