Tuesday, April 1, 2025

Sheinbaum signs ‘nearshoring decree’ to attract foreign investment

On Tuesday, President Claudia Sheinbaum signed a ‘“nearshoring decree” listing a package of fiscal incentives for new investments worth up to 30 billion pesos (US $1.46 billion). 

The incentives will be available for companies investing in Mexico or spending on training and innovation. The decree has been published in the Official Gazette of the Federation (DOF) and will enter into force tomorrow, Jan. 22.

In addition to seeking increased foreign investment, one of Sheinbaum's 13 goals of Plan México is to provide access to finance to at least 30% of small and medium-sized businesses. "We're among the countries with the least funding for small and medium-sized companies," Sheinbaum said.
The decree is part of a range of actions being developed to support Sheinbaum’s Plan México. (Daniel Augusto/Cuartocuro) 

Out of the total funds available, 28.5 billion pesos ($1.38 billion) are earmarked for investment in new fixed assets and 1.5 billion pesos ($72.7 million) will go towards training and innovation expenses.  

The decree is part of a range of actions being developed to support Sheinbaum’s Plan México “vision for equitable and sustainable development,” a term-long — if not decades-long — strategy that, in addition to other business targets, is aimed at encouraging foreign investment in Mexico. 

To administer the stimulus package, the government will create an Evaluation Committee with representatives from the Finance and Economy Ministries, as well as the Advisory Council for Regional Economic Development and Relocation. 

Eligible companies must apply for tax incentives and may be issued a certificate of compliance by the Evaluation Committee. The committee will then assess projects for their suitability and will determine the maximum tax incentive companies can apply for each fiscal year.        

To encourage small and medium-sized enterprises (SMEs) to apply for incentives, the government has allocated at least 1 billion pesos ($48.4 million) for companies with total annual earnings of less than 100 million pesos ($4.8 million).  

According to the decree, companies can deduct anywhere between 35% and 91% for investments in machinery, equipment and fixed assets.

During Sheinbaum’s presentation of Plan México on Jan. 13, the president asserted that there is already US $277 billion in the investment pipeline from companies that want to come to Mexico, spread across some 2,000 projects. 

The Evaluation Committee must publish guidelines for the granting of fiscal incentives in the DOF within 60 days. 

With reports from El Economista

5 COMMENTS

Have something to say? Paid Subscribers get all access to make & read comments.
Worker with steel construction

Mexico’s steel industry announces US $8.7B in investment

1
With this investment, the National Steel and Iron Industry Chamber (Canacero) expects to fulfill all of Mexico’s steel needs in the next five years.
Walmart in Mexico City

Walmart announces US $6B plan to expand its presence in Mexico

5
In coming years, Walmart plans to open more stores under its Aurrera, Sam’s Club, Walmart Super Center and Walmart Express brands.
A hand holding three Mexican currency bills: the 200 pesos bill, the 100 peso bill and the 50 peso bills

Peso depreciates in response to Trump auto tariffs announcement

0
The depreciation of the peso on Thursday puts the Mexican currency at its weakest position against the U.S. dollar since March 10.