In Mexico, IMMEX is an incentive program that allows foreign companies to easily and cost-effectively operate in Mexico. Formerly known as the maquiladora program, the IMMEX registration in Mexico establishes a method of operating under which a foreign company that owns and runs a factory is exempt from paying the 16% value-added tax (VAT) on temporarily imported goods. To qualify for this exemption, the goods must be used in the manufacture or repair of products that will then be exported or transferred to another IMMEX company within six to twelve months, depending on the nature of the finished product.
IMMEX is a stand-in for the Spanish translation of Maquiladora, Manufacturing and Export Services Industry.