Foreign Trade Zone Benefits

What is a foreign trade zone

Developed as a way to help American companies compete internationally, a Foreign Trade Zone (FTZ) is a regional area exempt from traditional U.S. Customs and Border Protections restrictions.

Materials imported to an FTZ are not subject to international duties or local taxes, allowing businesses to manipulate, process, or manufacture products at their facility and export the product to foreign markets without being assessed international duties.

BUTTE’S FTZ

One of approximately 250 Foreign Trade Zones in the United States, the Port of Montana provides companies an exceptional opportunity to use Butte-Silver Bow as a hub for domestic and international production.

The FTZ, along with Butte’s distribution infrastructure and established businesses, generates a great opportunity for businesses looking for growth opportunities.

BENEFITS OF FOREIGN TRADE ZONES

Tax & Duties Exempt

Foreign goods not subject to U.S. duties or local taxes

Export Duties Exempt

Manufactured finished products may be exempt from export duties

Fee Free Storage

Products can be stored for an indefinite period of time duty-free

Warehouse Security

Warehouses regulated under Customs and Border Protection security

Import Quota Exemptions

Products may be exempt from import quotas

Lower Bureaucracy

Decrease in paperwork and U.S. Customs bureaucracy

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