05 February 2025
Foley Viewpoints
Mexican Government Announces Tax Incentives in Support of Nearshoring
On January 21, 2025, the Decree granting tax incentives in support of the national strategy known as "Plan Mexico," to encourage new investments that promote dual training programs and innovation was published in the Official Federal Gazette, with the primary goal of stimulating the relocation of companies and the reconfiguration of supply chains closer to the U.S. market, particularly in the manufacturing sector in Mexico.
