A
Foreign Trade Zone (FTZ) is a site within the United States,
in or near a U.S. Customs port of entry, where foreign and domestic merchandise
is generally considered to be international commerce.
FTZs lower the cost of production and distribution within the U.S. compared to an
offshore location. FTZ users realize cost savings through tariff relief and time
savings through reduction of paperwork. These zones offer a mechanism for deferring
or eliminating duties on merchandise brought into the U.S. Duties are paid if and
when the materials enter the domestic market. No duties are paid if the merchandise
is re-exported.
Benefits of the Union Park Foreign Trade Zone:
- Las Vegas is the new business gateway hub of the southwest U.S. and a key “destination”
city, with easy access.
- Las Vegas is considered an “inbound” city, providing a distinct advantage in negotiating
low outbound shipping rates.
- All major transportation means and carriers are represented in Las Vegas – surface,
air, rail and more.
- A customs broker will be onsite.
A Few Benefits of Foreign Trade Zones in General:
- Cost savings through tariff relief.
- Can secure volume discounts which are passed on to tenants.
- Camera-controlled security, safes and vaults, personnel bonding and careful inventory control all assure the safety of your goods.
- Logistical benefits, as well as time savings through less paperwork.
- Reduced customs broker and merchandise processing fees.
- Direct delivery capabilities, reducing inspections and delays at borders and docks.
- Reduction, deferral or even
elimination of duty fees:
- Duty fees are charged only when goods leave the FTZ and enter the commerce of the U.S.
- No duty is owed on goods that are re-exported.
- Duty elimination on exports and scrap.
- Assembly/manufacturing
may result in lower duty rates for the finished product.