FTZ No. 1 New York City
New York, United States of America
Official Name:
FTZ No. 1 New York City
City:
New York
Country:
United States of America
Share Capital:
Office Requirements:
Unconfirmed
PO Box:
Unconfirmed
Services (includes consultancy, etc.):
Unconfirmed
Trading (includes trading activity):
Unconfirmed
General Trading:
Unconfirmed
Audited Financial Reports:
Unconfirmed
Industry Focus:
Cost of Setup:
Starting Cost of Renewals:
Visa Types
Type:
Time Duration:
Visa Time Duration Before Renewal Required:
Minimum Number of Visas Possible:
Maximum Number of Visas Possible:
Maximum Number of Shareholders:
Freelancer Option:
Unconfirmed
Office Presence is Mandatory:
Unconfirmed
Documents Required to Setup a Company :
SUMMARY :
FTZ No. 1 in New York is open to a range of activities from warehousing and repackaging to intensive manufacturing. Businesses from a broad cross section of industries call the trade zone home – including construction, food production, fashion and luxury goods, green tech, and pharmaceuticals.
Organisations registered within the foreign trade zone benefit from reduction, deferral and even elimination of duty as well as expedited shipping. Any business with facilities in any of New York City’s five boroughs that sell or transport goods or parts from abroad can set up in the FTZ, providing the level of customs paid on those imports is in the region of $50,000 to $100,000.
Set up takes around 30 days, and unlike many other FTZs, the New York programme does not require companies to relocate to an FTZ site – meaning businesses can benefit from foreign trade zone duty allowances while remaining on their current site.
PortNYC – one of the largest on the East Coast – supports New York’s $7+ billion maritime and shipping industry and includes several ports and terminals, each with excellent links to the rest of the US and much of the rest of the world.