US-based SovereignPort LLC, a hemp customs clearance logistics firm, has been approved as an EU-based company.
With its new office and port access in Tenerife, SovereignPort EU is set to dramatically reduce both processes and costs for EU customers shipping hemp worldwide.
Founded by Sarah Yetman, SovereignPort LLC facilitates secure international logistics solutions for hemp, assisting with customs clearance, global logistics, import/export guidelines, and legal brokering.
It does so utilising specialty FTZ agreements throughout the world. SovereignPort LLC has offices in the US and is adding the EU to its roster with the port in Tenerife on Spain’s Canary Islands.
“We are very excited to be a part of the Canary Islands. Our new EU port brings a lot of great opportunities for the hemp community at large. We will continue to serve our EU clients, but with a more affordable and streamlined advantage,” said Yetman.
Joshua Ready, EU director for SovereignPort, commented: “This is an enormous move and an optimal time to assist in global trade, now that our industry is looking for new opportunities. We help companies move the best resources efficiently to provide an affordable, high-quality product to the market.”
Being a recognised and legal EU business will lead to a reduction in shipping obstacles, timelines, and taxes, according to SovereignPort. The company is now able to avoid many foreign tariffs, taxes and VAT for all European Union customers.
It claims that there is no other hemp logistics company legally operating in the US and EU. SovereignPort also supports the brokering and sale of CBD and industrial hemp.