עדכונים בנושא מרכז ודרום אמריקה

THE BEST CITIES IN MEXICO TO INVEST IN 2023

Currently, Mexico is one of the best countries to invest in, due to the great diversity of business possibilities. It has natural resources, ports and a large developing industry, which allows the injection of capital in areas with a wide range of investment possibilities. In this article, we have a selection of the cities with the greatest financial projection.

1.- Merida
Since 2018, Yucatán has received constant investment that has boosted economic growth by more than 2%, which has led Mérida to become the best city in Mexico to invest. Its climatic and geographical conditions favor it since it has greater real estate potential. Projects such as the Mayan Train will boost its tourist attraction, in addition to the fact that according to the results of the National Survey of Urban Public Security (ENSU), Mérida stands out as one of the safest cities, so in the coming years it is expected that become a pillar city of the country, reaching a growth of 4%.

2.- San Pedro Garza Garcia
Considered the richest city in Latin America, this municipality of Nuevo Leon is the headquarters of some of the largest corporations in the country, which has helped economic growth, promoting the development of shopping centers, stadiums, museums, and a wide range of restaurants. This coupled with the purchasing power of its inhabitants, which according to Fitch Ratings, per capita income is USD $60,000 per year, compared to the $9,000 dollars that the country has as average annual income, make it an excellent point for investment.

3.- San Miguel de Allende
Due to its tourism growth in recent years, San Miguel de Allende has become one of the most important places for foreign investment. In real estate, the accessibility of the properties has made it a very interesting point for investment and increased tourism, generating great economic, social and cultural growth. Recently The World Travel & Tourism Council (WTTC) which represents the Travel & Tourism sector globally have given the Travel Safety Stamp to San Miguel de Allende, becoming the first city without a beach to receive this honor, helping this city to become one of the greatest spots to invest in 2023.

4.- Tulum
Tulum is one of the most important tourist destinations, with a great economic projection in real estate development, since it has a hotel occupancy of up to 100%, opening possibilities for investment in real estate, restaurants and all the services that people who come daily may require. To this city, in addition, all real estate investments are backed by the Mexican Association of Real Estate Professionals for 10 years, guaranteeing security in investments legally.

These are just a few cities where there are opportunities in Mexico. If you are interested in investing or in moving your industry to one of these destinations, at SRS we have the expertise and can help you make this process much easier with our relocation services.

INCENTIVES TO INVEST IN COLOMBIA

Colombia has a favorable investment climate thanks to its economic growth and its ability to face external crises, along with legal security, stable macroeconomic indicators, a highly qualified workforce, and access to global markets.

Colombia is a country that offers a favorable business environment with a stable legal framework.
Furthermore, the national government has introduced several incentives to support and encourage foreign investment. These include the free trade zone regime, the Vallejo Plan, customs duty reductions or exemptions for imported raw materials and machinery, VAT exclusions for imported equipment, incentives to invest in science, technology, and innovation, and incentives for several economic sectors, including agriculture, tourism, and the automotive industry, among others.

INCENTIVES TO THE HOTEL AND TOURISM

Special tax rate of 9% for income related to tourism.

a) For 20 years for projects developed between December 31, 2020, and December 31, 2030, in
municipalities with populations of up to 200,000 inhabitants. Such as:

New Hotels.
Renewed or expanded hotels.
New theme park projects.
New ecotourism and agrotourism parks projects.
New boat dock projects.

SALES TAX ON IMPORTS, MANUFACTURING, CONSTRUCTION, OR ACQUISITION OF PRODUCTIVE FIXED
ASSETS

– VAT registered companies will be able to discount the VAT paid to acquire, build, or manufacture and import productive real fixed assets from their income tax payable, including VAT on services required to make them available for use.

FIRST EMPLOYMENT DEDUCTION

Taxpayers can deduct 120% of the salaries paid to employees under the age of 28 if it is their first job.

Taxpayers with investments in research, development, and production of electric power from Non-Conventional Energy Sources, which includes green and blue hydrogen (NCES or FNCE for its acronym in Spanish); and measures for Efficient Energy Management; including Smart Metering, shall be able to deduct up to fifty percent (50%) of the investments’ value for up to 15 years, starting on the fiscal year following the year in which the investment operations start. The deducted value in no case shall exceed 50% of the taxable income as estimated before subtracting the value of the investment.

MEGA INVESTMENTS:

This is a special 20-year tax regime for income taxpayers who generate at least 400 direct jobs (250 in IT industries) and make new investments in Colombia for a minimum of 30 million tax units (UVT, as per its Spanish acronym) (approximately $1.140 trillion COP in 2022, USD 291,000,000). TRM COP: USD 3.915
(January-June 2022 average) .

Benefits under this regime include a 27% income tax rate, exclusion from the presumptive income tax regime and dividend tax, depreciation benefits, and exclusion from the equity tax.

Additionally, a legal and fiscal stability regime is created for these investments, which will guarantee the benefits in case of unfavorable amendments to the regime in exchange for a premium of 0.75% of the annual investment value, for up to five years. Investments in hydrocarbons and mining are excluded from
this regime.

INCENTIVES FOR INVESTMENTS AND DONATIONS TO SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT:

Income taxpayers who directly or indirectly make investments or donations to projects classified as research and technological development shall have the right to deduct 100% of them from their net income in the fiscal year in which they are made. Additionally, 25% of the value invested in these projects can be credited in the fiscal year the investment was made.

TEN-YEAR INCOME TAX EXEMPTION TO DEVELOP RURAL COLOMBIA

Ten-year (10) income tax exemption for companies who invest in agriculture, fishing, and rural
development to increase productivity. To have access to this incentive, companies must be registered as a legal entity as of December 28, 2018, start economic activities prior to December 31, 2022, request investment approval from the Ministry of Agriculture before October 14, 2022, and generate annually a minimum number of direct jobs and investments to comply with the requirements.

באדיבות עמיתינו במקסיקו ובקולומביה, חברת SRS.

אנו ועמיתינו באמריקה הלטינית עומדים לרשותכם בכל שאלה ובקשה וכמובן בכל שירותי ההגירה והרילוקיישן שאתם עשויים להזדקק להם.