Tuesday, July 14, 2009

Best Reasons to Do Business in Nevada - Part 11

Southern Nevada’s Foreign Trade Zone-Nevada Development Authority.

Businesses that are involved in international trade can benefit from Southern Nevada’s Foreign Trade Zone #89 which is operated by the Nevada International Trade Corporation. There are six sites located in the Southern Nevada. In addition, Northern Nevada is home to Foreign Trade Zone #126. Foreign Trade Zones were created by Congress in 1934 and are sites within the United States in or near a U.S. Customs port of entry, where foreign and domestic merchandise can be considered international commerce. A business can utilize trade zones as a mechanism to defer or eliminate duties on merchandise brought into the United States.

Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.

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