Free economic zone in Italy
Italian free trade zone
In Free-trade zones exporters are able to:
1) defer duties and taxes for 180 days from the time that the goods leave the free-trade zone to enter another EU country; 2) transform goods free of any customs restraints; and 3) obtain 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.
There are two free trade zones in Italy located in Trieste and Venice.
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, bonded or customs warehouses. The time limit for such storage is 5 years. Merchandise that deteriorates while in storage can be destroyed without the payment of a duty.
In Free-trade zones exporters are able to:
1) defer duties and taxes for 180 days from the time that the goods leave the free-trade zone to enter another EU country; 2) transform goods free of any customs restraints; and 3) obtain 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.
There are two free trade zones in Italy located in Trieste and Venice.
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, bonded or customs warehouses. The time limit for such storage is 5 years. Merchandise that deteriorates while in storage can be destroyed without the payment of a duty.