Comprehensive Foreign Trade Zone Warehousing Services Across North America
Boost your international trade with OLIMP’s Foreign Trade Zone (FTZ) warehouse services across North America. Our strategically located FTZ warehouses in the U.S. and Canada provide top-notch logistics for businesses in importing and exporting. Enjoy benefits like deferred duties, lower taxes, and simplified customs processes. See how our tailored FTZ solutions can enhance your supply chain efficiency and cut costs.
Unlock the Benefits of Nationwide FTZ Warehousing with OLIMP
OLIMP Warehousing offers premier Foreign Trade Zone (FTZ) warehouse services across North America, designed to optimize your international warehouse trade operations. Our FTZ warehouses provide numerous advantages:
Duty Deferral and Reduction:
Benefit from the ability to defer or reduce duties and taxes on imported goods stored in our free trade zone warehouse facilities, significantly improving cash flow.
Streamlined Customs Procedures:
Simplify the import and export process with our efficient and compliant trade facility warehouse services.
Advanced Inventory Management: Utilize our cutting-edge inventory management systems to maintain full control over your goods.
Regulatory Compliance:
Our FTZ warehouses meet all regulatory requirements, ensuring your operations remain compliant and risk-free.
Trust OLIMP for reliable FTZ warehousing solutions that support your global trade activities and enhance logistics efficiency across North America.
Key Differences Between FTZ and Customs Bonded Warehouses
Bonded warehouses, introduced in the 1800s, provide secure storage for dutiable goods under government supervision. Duties are due when goods leave the warehouse for distribution, and they go through the usual Customs processes.
FTZ warehouses, established in the 1930s to boost global trade, are located in areas considered outside U.S. Customs territory. Goods stored in FTZs can move without going through formal Customs procedures, including import duties, until they enter U.S. commerce.
In summary, FTZ warehouses allow goods to be stored, manipulated, or manufactured without import duties, whereas Customs bonded warehouses only defer duties until goods leave the facility for distribution or re-export.
Choosing Between an FTZ and a Customs-Bonded Warehouse: Which is Right for Your Business?
Choosing between a U.S. FTZ warehouse and a Customs-bonded warehouse depends on your business needs and objectives:
FTZ: Ideal for storing goods without immediate duty payment, with options for manufacturing or processing before importation. It’s best for long-term storage, deferring or reducing duties, and offering benefits like inverted tariffs or privileged foreign-status elections for additional savings.
Customs Bonded Warehouse: Suitable for storing goods awaiting customs clearance, with duties deferred until release. It’s simpler and more cost-effective but doesn’t allow manufacturing or processing.
When deciding, consider factors such as customs compliance, location, and industry activities. If flexibility and manufacturing capabilities are needed, an FTZ may be beneficial. For short-term storage and simpler operations, a Customs Bonded Warehouse is the better option.
