Lauderdale Marine Center Becomes USA’s First Duty-Free Zone
Lauderdale Marine Center Becomes USA’s First Duty-Free Zone: The new Lauderdale Marine Center, part of a new foreign-trade zone (FTZ), is the first U.S.-specific zone, and perhaps the first in the world to allow foreign-flagged megayachts in without paying duty up front or requiring American buyers to pay import duty. This FTZ, known in other…