Establishing a Foreign-Trade Zone

 
 

A foreign-trade zone is a dedicated area where goods can land, be re-packaged, modified, manipulated, re-labeled, further manufactured, and re-exported with delayed import requirements. A foreign-trade zone is especially useful to firms that import components for assembly and/or manufacture of finished products for domestic use or to be exported from the USA.

FTZ’s may be formed by any public entity, including quasi-governmental corporations or organizations. The process is long but clear and the benefits often far outweigh time and expense of establishment. DTGruelle can be of assistance in setting up a foreign-trade zone package for your company.

 
 

Permitted Activities

 

  • Assembly

  • Exhibition

  • Inspection

  • Salvage

  • Destruction

  • Reclassification

  • Manufacturing

  • Processing

  • Storage

  • Testing

  • Relabeling

  • Repackaging

 
 

Port of Entry and Marketplace

Any port designated by the U.S. Government where goods may enter the United States.

Duties paid upon leaving FTZ and entering U.S. markets. No duties paid if re-exported.

 

Benefits

 

    • Local and State tax breaks and benefits.

    • Duty deferral and reduction.

    • Streamlined cost-saving input procedures.

    • Re-export duty exemption.

    • Invert tariff relief.

    • No duties for waste or zone-to-zone transfer.