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Foreign Trade Zones
Florida Foreign Trade ZonesCape Coral is home to a Florida foreign trade zone.

Cape Coral, Florida, has two Foreign Trade Zones (FTZs), which allow businesses to import parts and components duty free if they use them to manufacture or assemble products for export. 

The Cape Coral FTZs encompass the North Cape Industrial Park, at Andalusia Blvd and Kismet Parkway, and Mid-Cape Industrial Park (Viscaya Industrial Park) bordered by Viscaya Parkway.

The Lee County Port Authority, which operates S.W. Florida International Airport, (RSW), is the Grantee for all FTZ-designated areas throughout Lee, Charlotte and Collier Counties. In addition to the FTZ locations in Cape Coral, RSW’s entire property is a designated Foreign Trade Zone.

Contact the Lee County Port Authority for detailed information about our Foreign Trade Zones at 239-590-4586 or per email.

Learn more about Import Resources and Export Resources from the Florida Economic Development Office in business friendly Cape Coral.

What is a Foreign Trade Zone?

Foreign Trade Zones (FTZs) were created in the United States 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.

Duty-free treatment is accorded to items that are imported and processed in an FTZ and then re-exported. Duty payment is deferred on items to be sold in the U.S. until they are brought out of the FTZ.  This helps to offset customs advantages available to overseas producers who compete with domestic industry.

Businesses that import can benefit from direct delivery, weekly entry and duty deferral. Duty deferral makes it possible for companies to defer payment on imported items until they are ready to be shipped to their final destination. Businesses that export can benefit because they are not required to use a duty drawback when re-exporting.

Foreign Trade Zone Benefits

• 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 a FTZ and 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.
FTZ Activities

Discover the foreign trade zone benefits that exist in Cape Coral, Florida.


Activities permitted in a Foreign Trade Zone:


Assembling

Packaging

Storing

Distributing

Sorting

Testing

Manufacturing

Processing

Destroying

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City of Cape Coral
Economic Development Office		 City Hall
1015 Cultural Park Blvd.
Cape Coral, FL 33990 		 P: (239) 574-0444
F:  (239)   547-0452
T:  (866)   573-3089		 Email: ecodev@capecoral.net
http://bizcapecoral.com

 
 
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