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FTZ 055 — Foreign-Trade Zone 055 — Greater Burlington Industrial Corporation
Vermont · Burlington · Port of entry: VT, Burlington
FTZ 055 is a Foreign-Trade Zone in Burlington, Vermont, administered by the Greater Burlington Industrial Corporation. It allows qualifying importers and manufacturers in the area to defer, reduce, or eliminate certain U.S. customs duties on goods handled within the zone.
Foreign-Trade Zone 055 is administered by the Greater Burlington Industrial Corporation, the FTZ grantee responsible for oversight of the zone in Burlington, Vermont. The zone's port of entry is Burlington, VT, which supports the movement of goods in and out of the designated FTZ area.
A Foreign-Trade Zone is a designated area within the United States that is treated, for customs purposes, as being outside U.S. commerce. Companies operating within an approved FTZ site or subzone may defer, reduce, or in some cases eliminate customs duties on qualifying merchandise, depending on how that merchandise is admitted, processed, and ultimately entered into U.S. commerce or re-exported.
FTZ 055 is relevant to importers, manufacturers, and distributors that operate, or are considering establishing, a facility within the service area overseen by the Greater Burlington Industrial Corporation. Businesses handling imported components, raw materials, or finished goods through the Burlington, VT port of entry may want to evaluate whether zone status fits their operations.
Because FTZ designation involves specific customs procedures, documentation, and coordination with U.S. Customs and Border Protection and the FTZ Board, a company considering FTZ status for a facility in this region typically works with a customs broker or FTZ compliance consultant to determine fit and to file the required applications and activation paperwork.
Who qualifies
How to apply
Questions people ask
What is FTZ 055?
FTZ 055 is a Foreign-Trade Zone in Burlington, Vermont, granted to and administered by the Greater Burlington Industrial Corporation.
Who is the grantee for FTZ 055?
The grantee is the Greater Burlington Industrial Corporation.
What area does FTZ 055 cover?
It covers a service area associated with Burlington, Vermont, under the oversight of the Greater Burlington Industrial Corporation.
What port of entry does FTZ 055 use?
The zone uses the port of entry at Burlington, VT.
Do I need a customs broker to use an FTZ?
Most companies work with a customs broker or FTZ compliance consultant to handle the customs procedures and documentation required for FTZ activity.
Is an FTZ the same as a bonded warehouse?
No, an FTZ and a bonded warehouse are distinct customs programs with different rules, though both can involve deferral of duties on imported goods.
How do I get subzone status for my own facility?
You would contact the grantee, Greater Burlington Industrial Corporation, and follow the FTZ Board's application process to seek subzone or site designation for a specific facility.
What does FTZ status actually provide?
FTZ status can allow qualifying activity to defer, reduce, or eliminate certain U.S. customs duties, depending on how merchandise is admitted and processed.
Who typically uses an FTZ like this one?
Importers, manufacturers, and distributors with facilities in the zone's service area are the typical users.
Where can I find the official application process?
The official FTZ Board application process is available at https://www.trade.gov/how-to-apply.
Source: FTZ Board OFIS zone list (ofis.trade.gov). GetFundedUSA is independent and not affiliated with this zone's operator.