Foreign-Trade Zones

Working with Braumiller Law Group, companies worldwide have successfully established cost-saving foreign-trade zones and maintained compliant FTZ operations.
  • Applications establishing a Zone or Subzone
  • Coordination and negotiations with FTZ grantee and taxing units
  • Conduct of Economic analysis, feasibility studies and justification
  • Preparation of Zone Activations
  • Development of procedures, manuals, and training
  • Liquidated Damages and Penalty Petitions, Prior Disclosures and other corrective actions
  • Guidance on FTZ inventory management
  • Compliance reviews and audits
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Frequently Asked Questions

1 What are the primary cost-saving benefits of operating a Foreign-Trade Zone (FTZ)?

Operating an FTZ can significantly reduce costs by allowing for duty deferral, reduction, or elimination on imported goods. Companies can also benefit from inverted tariff relief, streamlined logistics, and reduced processing fees, leading to substantial savings on customs duties and taxes.

2 What is the process for establishing a Foreign-Trade Zone, and how does Braumiller Law Group assist?

Establishing an FTZ involves applications for zone or subzone status, coordination with grantees and taxing units, and conducting economic analysis and feasibility studies. Braumiller Law Group guides clients through each step, including preparing zone activations and developing necessary procedures and training.

3 How does Braumiller Law Group help companies maintain FTZ compliance and avoid penalties?

We ensure ongoing compliance through comprehensive reviews and audits, guidance on FTZ inventory management, and developing robust procedures and manuals. Our team also assists with corrective actions such as Liquidated Damages and Penalty Petitions and Prior Disclosures to mitigate risks and resolve issues.

4 How can my company determine if an FTZ is a viable and beneficial option?

Braumiller Law Group conducts thorough economic analyses, feasibility studies, and justification reports tailored to your business operations. This helps assess the potential cost savings, operational efficiencies, and overall strategic benefits of establishing an FTZ for your specific needs.