How can my company benefit from locating in an FTZ?


There are many potential benefits to locating in a FTZ. Before a company invests too much time and money on FTZ status, it should conduct a FTZ savings analysis to determine a value of what may be saved. The purpose of the savings analysis is to make sure the benefits received are greater than the expenses. Some companies can benefit from FTZ status, others will not. When doing a savings analysis, companies should compare the savings that would be received by using other Customs programs like bonded warehouses, drawback, and temporary importation under bond to the FTZ savings to see which option is most favorable. A FTZ user should annually conduct a FTZ savings analysis to see if the company is still benefiting from using FTZ status.