If you import goods into the US valued over $2,500, you're required by law to have a customs bond. Here's everything you need to know.
A customs bond (also called a surety bond) is a contract among three parties: the importer, a surety company, and US Customs and Border Protection (CBP). It guarantees that the importer will pay all duties, taxes, and fees owed to the government.
Do you need one?
Yes, if you:
Types of customs bonds:
Single Entry Bond (SEB)
Continuous Customs Bond
How much does it cost?
Getting your bond:
Apply through a licensed customs broker or surety company. The process takes 24-48 hours and requires basic business information and financial history.