Foreign or "free" trade zones are federally designated secured areas that have the special legal status of being outside of a nation's customs territory. They are aimed at attracting and promoting international trade and commerce, increasing the use of American labor, and increasing capital investment in the U.S. As part of a Foreign Trade Zone, merchandise at Park South may be stored, inspected, sampled, tested, displayed, relabeled, repackaged, distributed, repaired, mixed, cleaned, salvaged, recycled, processed, assembled, or manufactured (requires special permission) without being subject to the United States customs laws governing the entry of goods or the payment of duties. ParkSouth allows U.S.-based companies to defer, reduce or even eliminate customs duties on their products.

It also offers the following free-zone benefits:

•   Direct Delivery
•   Elimination of Drawback Labor, Overhead and Profit 
•   Taxes  
•   Quotas 
•   Weekly Entry Economies  
•   Zone-to-Zone Transfers

As the "Gateway to Latin America and the Caribbean", the Miami area serves as one of the primary hubs for trade and commerce in the western hemisphere. In 2004, South Florida was selected by The Economist as the preferred regional headquarters for trade in the Americas, and in 2003 the area was named by America Economic Magazine as the best place to do business in the Americas.

With the increasing focus by major corporations on Latin America and its growing economies, South Florida will continue to flourish as the ideal location for companies involved in the importing and exporting of goods throughout the region. The area is home to nearly 1,200 multinational corporations with combined revenues in excess of $202 billion, according to a 2008 study by The Beacon Council, Miami-Dade County's official economic development agency.

With its designation as part of the Homestead Foreign Trade Zone, the southernmost free trade zone in the continental United States, ParkSouth provides businesses involved in international trade and commerce with a unique and fruitful opportunity.