Bonded & Customs Warehouse Service in Cyprus

What is a Bonded (Customs) Warehouse?

A bonded warehouse (also called a customs warehouse) is an approved facility where imported goods can be stored with duty and VAT suspended until they are released into free circulation, re-exported, or placed under another customs procedure. This allows importers to defer duty payment until the goods are actually needed, improving cash flow and flexibility.

How We Can Help

P.Panagi & Sons Ltd does not operate its own bonded warehouse, but we arrange and coordinate bonded and customs warehousing through trusted partner facilities in Cyprus and manage the full customs procedure on your behalf. This includes:

• Identifying the appropriate bonded warehouse facility for your goods
• Submitting the customs warehousing declaration via AIS/CY-CAS
• Managing the goods while in warehouse (stock records, customs supervision)
• Handling the release declaration when goods are required for distribution
• Advising on the most appropriate customs procedure (warehousing, temporary admission, inward processing)

When is Bonded Warehousing Useful?

• Deferred duty payment: Import goods without paying duty immediately — pay only when goods are released for sale or use.
• Re-export: Store goods in Cyprus and re-export to non-EU markets without ever paying EU import duty.
• Buffer stock: Maintain stock in Cyprus for regional distribution without committing to immediate duty payment.
• Uncertain market: Import goods speculatively and decide later whether to release into the EU market or re-export.

Bonded Warehouse Procedures

Goods placed in a customs warehouse must be covered by a customs warehousing declaration submitted via AIS. The goods remain under customs supervision and cannot be released without a separate release declaration. We manage the entire procedure — from initial placement to final release or re-export.