FOREIGN TRADE ZONE
THE ONLY U.S. FOREIGN TRADE ZONE (FTZ) WAREHOUSE EXCLUSIVELY FOR ARTWORKS
WHAT IS AN FTZ?
FOREIGN TRADE ZONES ARE U.S. CUSTOMS-DESIGNATED AND APPROVED LOCATIONS WITH SPECIAL CUSTOMS PROCEDURES TO ENCOURAGE U.S. TRADE & MANUFACTURING ACTIVITIES BY ALLOWING DELAYED OR REDUCED CUSTOMS DUTY PAYMENTS ON FOREIGN MERCHANDISE.
WHEN MIGHT aN FTZ BE ADVANTAGEOUS?
WHILE MOST ARTWORKS IMPORTED INTO THE US ARE NOT DUTIABLE, SOME WORKS OF ART, ANTIQUES AND COLLECTIBLES ARE SUBJECT TO DUTY RATES OF UP TO 25 % OF THEIR VALUE.
OUR FOREIGN TRADE ZONE WAREHOUSE IS PARTICULARLY USEFUL FOR DUTIABLE ARTWORKS AND COLLECTIBLES THAT NEED TO BE VIEWED, INSPECTED OR STORED FOR A PERIOD OF TIME. DUTIES WILL ONLY APPLY IF AND WHEN THE WORKS ARE REMOVED FROM THE FTZ WAREHOUSE AND CLEARED THROUGH CUSTOMS FOR DELIVERY IN THE U.S. ANY ITEMS EXPORTED FROM OUR FTZ TO ANOTHER COUNTRY ARE EXEMPT FROM DUTIES.
