From Cape Coral, Go Global With Two Foreign Trade Zones
Cape Coral has two Foreign Trade Zones (FTZs), which allow businesses to import parts and components duty-free if they are used to manufacture or assemble products for export.
Cape Coral’s two industrial parks—North Cape Industrial Park and Mid-Cape Industrial Park—are designated FTZs.
FTZs were federally established to provide special customs procedures to U.S. plants engaged in international trade-related activities. FTZs aid import and export businesses by allowing savings on taxes and duties. Benefits include:
- Goods entering FTZs are not subject to customs tariffs until goods leave the zone.
- Merchandise that is shipped to foreign countries from FTZs are exempt from duty payments.
- There is no time limit on goods stored inside an FTZ. Certain foreign and domestic merchandise held in FTZs may be exempt from state and local inventory taxes. This allows firms to minimize costs while their products are waiting to be shipped.
Activities permitted in an FTZ: Assembling, packaging, storing, distributing, sorting, testing, manufacturing, processing and destroying.
The Lee County Port Authority, which operates Southwest Florida International Airport, (RSW), is the grantee for all FTZ-designated areas throughout Lee, Charlotte and Collier counties. Contact the Lee County Port Authority for detailed information about regional Foreign Trade Zones at 239-590-4586.