THE FREE PORT OF TRIESTE

The Free Port of Trieste was established by the Austrian Emperor Carlo VI in 1719 and strongly developed by his daughter Maria Teresa who considered the Port of Trieste as the Port for the whole Austrian Empire
The 1947 Paris Peace Treaty and the Memorandum of London in 1954 maintained the Free Port of Trieste’s legal and fiscal regime, thus giving it an extra-territorial status. Since that time, customers using the Port of Trieste can benefit from special conditions for both import, export and transit operations, customs procedures and fiscal regime.
The Porto Franco has 5 “Punti Franchi” (Franco Vecchio, Punto Franco Nuovo, Punto Franco Scali Legnami, Punto Franco Oli Minerali ed  Punto Franco Industriali).
Few basic info about the peculiarities of the free port of Trieste:

Import cargo
Import goods can be immediately discharged no matter the nature of goods, the origin, or the destination. Discharge or transhipment operation do not need any specific authorization.
Operators can immediately prepare all the documents for import or transit, allowing goods to immediately proceed to their destination.
Goods discharged at Trieste are considered “in transit” and are exempted from duty payment as long as they remain within the Free Port Area.
All the above conditions will be maintained also after the introductions of the new European Community security control rules from January 1st 2011.

Export cargo
Goods coming from EU Countries entering into the Free Port Zone are considered “exported” from the European Community”
Once the container is on the free port area, it can be loaded onboard without waiting for specific authorizations.

VAT and Duties payment
For goods imported into the EU through the Free Port, Customs duties and VAT payments can be postponed up to 6 months. The interest rate applicable is very low: 50% of the 6 months Euribor rate.

Maritime Duties
At the free port of Trieste, the maritime duty is limited to around one/third of the other Italian Ports.

Storage of goods
The importer is not compelled to assign a customs status to the goods. Normally in all the normal Customs Ports, goods have to receive a customs status (import/transit/depot) within 45 days. At the free port of Trieste, goods can maintain an undefined status as long as they are in the Free Port.

Vessels
In the Free Port Zone of Trieste, all vessels (no matter the vessel flag) are considered to be the same as the Italian flag as far as the Maritime duties (former light dues) are concerned.

IT System
The Port of Trieste will comply with the CARGO – A.I.D.A. system requirements soon. The system will allow to boost the possibility to provide to all the operators, in Italy and other EU Countries, additional on line information about the cargo status also under the customs point of view. The peculiar rules and regulations of the Free Port will be maintained thanks to an integrated IT system, able to comply with the CARGO-AIDA requirements and the Free Port peculiarities.