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National Customs Agency approves start of Chetumal tax free import zone

Chetumal, Q.R. — The National Customs Agency of Mexico has authorization the start of the Chetumal Strategic Controlled Precinct, the first in its type in the Yucatan Peninsula.

Quintana Roo Governor Mara Lezama explained that this special customs regime “allows the introduction of foreign goods into the country for various activities tax free (until the final sale of the product).

“This opens the doors to foreign trade and strengthens Chetumal before the world, promoting job creation and greater economic growth,” she said.

The meeting was held Monday with General André Georges Foullon Van Lissum, the National Customs Agency head along with the Secretariat of Economic Development (SEDE), Karla Almanza López and the Legal Counsel of the State Government, Carlos Felipe Fuentes Fuentes.

“With the start of operations of the Strategic Bonded Precinct, the government complements the physical infrastructure to attract more national and international investments that help the south of the state, especially our capital Chetumal, to enter a new era of economy and investment that, together With the Free Zone Decree that the President of the Republic recently issued, it will allow us to recover the shine of our capital,” Lezama reported.

The Free Zone Decree, recently issued by the President of the Republic, establishes the 100 percent exemption from Customs Processing Rights, General Import Tax, VAT and ISR, and with the start of operations of the facility, a specialized space is provided for the import, transformation and distribution of merchandise.

In addition, it allows the storage of these goods for up to 60 months, as well as the possibility of selling them and paying the taxes as the sale is made, which provides a respite for businessmen who venture into importing in this new stage of trade for the south.