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Benefits of a FTZ Warehouse
Because a FTZ warehouse allows you to import goods without duties or most fees and inventory taxes, the obvious benefit is cost savings. Savings are further increased because a FTZ also provides:
- Relief from inverted tariffs
- Duty exemptions on re-exports
- Duty elimination on waste, scrap and yield loss
- Customs duty exemptions on FTZ-to-FTZ transfers
- Better quality control, compliance and inventory tracking
- Indefinite storage of goods
A FTZ warehouse also permits assembly and testing, destruction, salvaging, processing, cleaning, mixing, relabeling, repackaging and more. You can even manufacture in a FTZ warehouse with special permission from the FTZ board.