Foreign Trade Zone - Alternative Site Framework (ASF)
Investigate the Benefits of our Foreign Trade Zone/Alternative Site Framework
A Foreign Trade Zone is designated by the United States Customs Department and allows foreign and domestic merchandise to be admitted for operations such as storage, exhibition, assembly, manufacture and processing, without being subject to formal Customs entry procedures, the payment of Customs duties or the payment of federal excise taxes.
FTZ Advantages
- Cash Flow
- Exports
- Waste/Scraps/Defects/Damage Obsolescence
- Inverted U.S. Customs Duty Savings
- Nondutiability of labor, overhead and profit
- Reduced cycle time
- Weekly Entries
- Harbor Maintenance Fee
- Taxation
- Production Machinery
- International Returns
- Country-of-origin marking/labeling
- Security
- Anti-dumping/countervailing duties
- More
Alternative Site Framework Plan
In 2010, northern Nevada was approved for an Alternative Site Framework (ASF) plan. The ASF provides foreign-trade zone grantees with greater flexibility to meet specific requests for zone status by utlizing the minor boundary modification process.
Opportunities and Benefits of Alternative Site Framework
The Alternative Site Framework plan makes FTZ application easier and less expensive, offering the following benefits:
- Warehousing/Distribution in 30 days
- Manufacturing under Temporary/Interim (T/IM) in 75 days
- No filing fee
- Possible production equipment benefit
- Lower cost entry for companies
- Free or $1600 vs. $6500 for subzone
- Costs of application preparation
- Simplifies information gathering process
Source: Foreign-Trade Zone Corporation 2010, Miller & Company P.C.
Merchandise activities permitted in a foreign-trade zone include:
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Need more information on northern Nevada's foreign trade zones click here, or for more information on Alternative Site Framework, click here.
Foreign Trade Zone Sites:
Click here to view a spreadsheet of properties within northern Nevada's FTZ.
Bender Warehouse Company
DP Partners
L. Lance Gilman Commercial Real Estate Services
McKenzie Properties
ODC Integrated Logistics
Reno-Tahoe International Airport
Trainor & Associates
Wade Development Company, Inc.
Griffin Global Logistics
Operator:
Nevada Foreign Trade Services (NFT): Contracted by Griffin Transport Services, Inc. to manage day-to-day operations. For Information on how to be part of a foreign trade zone contact us or Russ Romine at Griffin Global Logistics at (775) 331-8010.
