Using a bonded warehouse offers businesses a variety of benefits that can help optimise warehousing, trade and the supply chain. Here are some of the main benefits a bonded warehouse offers businesses:
Avoidance of import duties and VAT: The main advantage of a bonded warehouse is that the stored goods do not have to pay import duties or VAT in the European Union (EU) during storage. Duties are only incurred when the goods are released from the bonded warehouse into free circulation in the EU.
Storage flexibility: A bonded warehouse offers companies the possibility to store goods for an unlimited period of time without the need for a customs declaration or customs clearance. This allows for flexible storage and planning of imports and sales.
Improved liquidity: By avoiding import duties and VAT during storage, companies can improve their liquidity as they do not have to pay duties until the goods are actually placed on the market.
Better inventory control: A bonded warehouse offers companies the opportunity to better control their inventory, as goods do not have to be cleared immediately upon arrival. This enables efficient stock management and can help avoid overstocking or shortages.
Simplified logistics and supply chain: By using a bonded warehouse, companies can