Foreign Trade Zone

Foreign Trade Zones are designated areas with special customs procedures. Business activities occur there with foreign items before formal customs entry, offering operational and financial benefits to reducing operating costs associated with a U.S. location. Specifically, both foreign and domestic cargoes can be moved into the FTZ without formal Customs entry, without payment of duties or excise taxes, and without inclusion in quotas or other import restrictions.

Foreign Trade Zone No. 155 is located in Calhoun and Victoria counties and is managed by Calhoun-Victoria Foreign Trade Zone Inc. Interested parties can create a sub-zone of FTZ 155 for their business and be able to avoid ad valorem taxes on all merchandise in the zone that is of foreign origin or which is destined for export.

Category: Business

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