Monday, July 19, 2010

Benefits of Nevada's Foreign Trade Zones


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.  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 as being in international commerce.  A business can use these Trade Zones 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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