|
|
Kish
Overview |
|
|
|
Tourist
Information
|
|
|
|
Shopping Centers
|
|
|
|
Kish Industry
|
|
|
|
Investment
in Kish
|
|
|
|
Training
|
|
|
|
-
FREE TRADE ZONES /
WAREHOUSES
There are two free trade zones in Italy located in
Trieste and Venice. Goods of foreign origin may be brought in without
payment of taxes or duties, as long as the material is to be used in the
production or assembly of a product that will be exported.
Benefits of a free-trade zone include:
- customs duties deferred for 180 days from the time that the goods
leave
the free-trade zone to enter another EU country;
- the goods may undergo any transformation free of any customs
restraints;
- absolute exemption from any duties on products coming from a third
country.
The free-trade zone law also allows a company, of any nationality, to
employ workers of the same nationality, under that country's labor laws
and social security.
Italy also has numerous general warehouses that are located throughout
Italy in all the port areas and cities. There are no limitations as to
the type or origin of merchandise that can be stored in free trade zones
or bonded or customs warehouses. The time limit for such storage is 5
years. Merchandise deteriorated while in storage can be destroyed
without payment of duty.
The advantage of a free trade zone or bonded warehouse to American firms
is having a European base of supply to assure customers prompt delivery
and service. Being able to maintain inventory at low cost with a minimum
of customs paperwork is also a distinct advantage.
|
Usesful Links 
