The impact of Hurricane Helene on our region is unprecedented. We have created a resource list of ways to help. A Disaster Relief Fund for those affected in Western North Carolina and Upstate South Carolina has also been established. Donations can be made online or via these other options.

Resources

Foreign Trade Zones
& FDI

Where global business takes off.

The Charlotte region is ideally positioned for foreign direct investment. Our myriad incentives, low tax rates and Foreign Trade Zone (FTZ #57) designation mean you can take advantage of international opportunity right here at home. Plus, our workforce and job development assistance, property tax rebates and abatements make it easier to build a location that supports business activity at home and abroad.

International Reach. Worldwide Connectivity.

800+

international businesses

35+

direct international flights

274K

internationally born residents

Making international trade more convenient.

The FTZ program is a catalyst for companies involved with international trade to improve their competitiveness and profitability. By utilizing the FTZ program, companies are able to defer, reduce or eliminate Customs duties on products admitted to the zone.

GET THE DETAILS

Goods stored in a FTZ are considered part of international commerce and are legally outside U.S. Customs territory. By utilizing the zones program for trade, companies benefit from a variety of financial advantages:

Duty Deferral

Duties are paid only when goods enter U.S. Customs territory.

Duty Elimination

Goods may be re-exported duty free from the zone. Goods may be destroyed or scrapped duty-free in the zone.

Reduction of Tariffs

Importers may choose to pay duties on raw materials entered into the zone, or pay duties on the finished products as they are entered into U.S. commerce.

WORK WITH US

The Charlotte Regional Business Alliance® is the Grantee for FTZ #57.  As Grantee, the Alliance is charged with establishing, operating and maintaining the zone. 

For more information, please contact:

Laura Foor

704-378-1365 lfoor@charlotteregion.com

Need information on the Foreign Trade Zones program in South Carolina?

Visit the South Carolina Ports Authority for an overview of the SC zones program.

CALCULATE THE BENEFITS

Interested in learning how your company could benefit from the Foreign Trade Zones program? The FTZ Savings Calculator will give you an estimate of your potential zone savings.

Get the FTZ #57 Grantee Fee Schedule
 
 
VALUE OF ANNUAL FOREIGN DUTIABLE INVENTORY $
AVERAGE DUTY RATE ON DUTIABLE IMPORTS %
AVERAGE DUTY RATE ON FINISHED PRODUCTS
(Product that is produced using the imports)
Note: Provide only if it is lower than rate in question #2; otherwise enter same rate as listed in question #2. 		%
 
NUMBER OF ANNUAL INVENTORY TURNS  
 
PERCENT OF ANNUAL DAMAGED/SCRAPPED DUTIABLE FOREIGN INVENTORY %
 
PERCENT OF ANNUAL DUTIABLE FOREIGN INVENTORY THAT IS RE-EXPORTED %
 
VALUE OF ANNUAL FOREIGN INVENTORY FURTHER PROCESSED AND ENTERED FOR CONSUMPTION
(note: if no foreign inventory is further processed/subject to inverted tariffs, please enter 0)
$
 

THE FOLLOWING SECTION SHOULD ONLY BE COMPLETED IF YOUR COMPANY FILES MORE THAN 52 CUSTOMS ENTRIES ANNUALLY. IF 52 OR LESS CUSTOMS ENTRIES ARE FILED ANNUALLY, MPF SAVINGS USING WEEKLY ENTRY AND CUSTOMS BROKER FEE SAVINGS USING WEEKLY ENTRY DO NOT APPLY. SKIP TO “TOTAL SAVINGS” SECTION TO SEE SAVINGS.

NUMBER OF CUSTOMS ENTRIES FILED ANNUALLY  
NUMBER OF CUSTOMS ENTRIES FILED UNDER WEEKLY ENTRY  
     
AMOUNT OF CUSTOMS BROKER FEES PER ENTRY $
     
 
CURRENT ANNUAL DUTY PAID WITHOUT UTILIZING FTZ BENEFITS $
 
TOTAL SAVINGS
 
EXPORT SAVINGS $
SCRAP AND WASTE SAVINGS $
ONE-TIME DEFERRAL BENEFIT (CALC IN 1ST YEAR SAVINGS ONLY) $
INTEREST SAVINGS ON ONE-TIME DEFERRAL (CALC IN FUTURE YEARS ONLY) $
INVERTED TARIFF SAVINGS $
MPF SAVINGS USING WEEKLY ENTRY $
CUSTOMS BROKER FEE SAVINGS USING WEEKLY ENTRY $
 
THE BOTTOM LINE
 
GROSS FIRST YEAR SAVINGS $
GROSS FUTURE YEAR SAVINGS $
GROSS THREE YEAR SAVINGS $
GROSS FIVE YEAR SAVINGS $

Information Supplied by Rockefeller Group Foreign Trade Zone Services

Charlotte Regional Business Alliance®
Foreign Trade Zone #57

 

Disclaimer Provision
Any and all explanatory or sample material provided in this website (such as the “FTZ Calculator”) are intended to provide general information regarding the Foreign Trade Zone and are not to be relied on for purposes other than as examples of the concepts being conveyed.  Particular application of any of these concepts to a specific company or situation will be wholly dependent on the applicable facts and circumstances.