Temporary importation allows businesses to import goods into a country without paying full taxes or duties. This importation is ideal for scenarios where products will not permanently stay in the destination country.
Temporary importation is best suited to companies looking to test markets and carry out temporary projects without paying the taxes associated with a full import.
Temporary Importation Types:
Active Improvement Regime: Allows businesses to import components or raw materials, process them into a final product, and then send them back.
Passive Improvement Regime: Used when goods are imported for repair or processing and then sent back to the original country.