Trade Agreements and Duty/Tax minimization
International Free Trade Agreements
Are you taking full advantage of trade agreements? Preferential rates as well as a duty minimization strategy can lower your cost, increase customer satisfaction as well as help expand your customer base.
We can help you take advantage of free trade agreements worldwide and simplify your commercial activities.
Duty Drawback is a refund of duty paid on imported merchandise that is linked to an exportation of an article. This refund can cover as much as 99% of all customs duties paid by companies. Only a very small percentage of refunds eligible for duty drawback are claimed and recovered and are ultimately lost.
Companies simply don’t know they are eligible for this refund. We can help you look for these opportunities and put money back in your pocket.
Customs warehouses or bonded warehouses, enable imported goods to be stored without payment of customs duty or most import taxes until the goods are sold and released in circulation.
If the imported products are exported, duty and most tax are not owed. We can help you decide if this is the right solution for your company.
Foreign Trade Zone
Any size importer or exporter can take advantage of foreign trade zones (FTZs), from manufacturers to individuals. Using a Foreign Trade Zone can reduce costs related to duties and taxes as well as provide other benefits, such as incresed efficiencies. However, many companies are unaware of these benefits.
Outside the United States, FTZs have other names, such as free zones or export zones. No matter the name, we can help you decide if this is the right solution for your company.