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This document serves as an application to reorganize existing foreign-trade zones under the Alternative Site Framework, allowing for flexible designations and management of 'usage-driven' sites.

How to fill out foreign-trade zone application

How to fill out Foreign-Trade Zone Application

1. Obtain the Foreign-Trade Zone application form from the U.S. Foreign-Trade Zones Board website.
2. Provide basic business information, including the name, address, and contact details of the applicant.
3. Describe the proposed foreign-trade zone and its location.
4. Include details about the type of merchandise intended to be handled in the zone.
5. Specify the anticipated benefits, such as cost savings or increased investment.
6. Provide evidence of community support for the proposed zone.
7. Complete all necessary sections of the application, ensuring accurate information.
8. Submit the application to the appropriate official, along with any required fees.
9. Await feedback or requests for additional information from the Foreign-Trade Zones Board.

Who needs Foreign-Trade Zone Application?

1. Businesses looking to reduce tariff costs on imported goods.
2. Manufacturers wanting to encourage export activities.
3. Logistics companies needing a competitive edge in international trade.
4. Retailers needing a better supply chain for imported products.

People Also Ask about

What are FTZ requirements?

Foreign-Trade Zone sites are generally required to be located within or adjacent to a U.S. Customs and Border Protection port of entry. Zones may be located within port of entry borders, within 60 statute miles of the port of entry's outer limits or within a 90-minute drive from the outer limits of a CBP port of entry.

What are the basics of FTZ?

Foreign-Trade Zones (FTZ) are secured, designated locations around the United States in or near a U.S. Customs Port of Entry where foreign and domestic merchandise is generally considered to be in international commerce and outside of US Customs territory.

What is FTZ compliance?

The FTZ program encourages U.S.-based operations by removing certain disincentives associated with manufacturing in the United States. The duty on a product manufactured abroad and imported into the U.S. is assessed on the finished product rather than on its individual parts, materials, or components.

What operations are not allowed in a FTZ zone?

Retail trade is prohibited in Zones. Although FTZs are considered in international commerce, FTZ sites and facilities remain within the jurisdiction of local, state and/or federal governments and agencies. If applicable, import licenses or permits from other government agencies may still be required.

What operations are not allowed in a FTZ zone?

Retail trade is prohibited in Zones. Although FTZs are considered in international commerce, FTZ sites and facilities remain within the jurisdiction of local, state and/or federal governments and agencies. If applicable, import licenses or permits from other government agencies may still be required.

What is the application form for a foreign trade zone is done on a?

CBP Form 216 - Application for Foreign-Trade Zone Activity Permit.

What are the requirements for a foreign trade zone?

Foreign-Trade Zone sites are generally required to be located within or adjacent to a U.S. Customs and Border Protection port of entry. Zones may be located within port of entry borders, within 60 statute miles of the port of entry's outer limits or within a 90-minute drive from the outer limits of a CBP port of entry.

What is the difference between FTZ and Subzone?

WHAT IS THE DIFFERENCE BETWEEN THE GENERAL PURPOSE ZONE AND SUBZONE? A Foreign Trade Subzone is an area approved by the FTZ board for use by a specific company. Foreign Trade Subzone companies enjoy all the same benefits as FTZ companies.

For pdfFiller’s FAQs

What is Foreign-Trade Zone Application?

A Foreign-Trade Zone Application is a request submitted to establish and operate a foreign-trade zone, a designated area where products can be imported, stored, and processed without being subjected to usual customs duties and tariffs.

Who is required to file Foreign-Trade Zone Application?

Businesses and organizations wanting to establish a foreign-trade zone must file the application. Typically, this includes manufacturers, warehousing operators, and logistics service providers who wish to benefit from the advantages of a foreign-trade zone.

How to fill out Foreign-Trade Zone Application?

To fill out a Foreign-Trade Zone Application, the applicant must provide details about the business, the location of the proposed zone, the type of operations intended, and the expected economic benefits. It's important to follow the guidelines provided by the Foreign-Trade Zones Board.

What is the purpose of Foreign-Trade Zone Application?

The purpose of the Foreign-Trade Zone Application is to obtain authorization to create a foreign-trade zone, which enables businesses to streamline their import processes, reduce costs, and enhance their competitive advantage by deferring customs duties and tariffs.

What information must be reported on Foreign-Trade Zone Application?

The application must report the applicant's identification details, description of the proposed zone area, types of activities planned within the zone, projected economic impact, and any affiliations with other foreign-trade zones.