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Free Zones

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Free Zone means an independent part of the territory of the country concerned, in which any imported or re-exported product is considered outside the Customs zone (Duty-Free Zone), in terms of import duties and other taxes.

Development Zones

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Development Zone means areas where economic development is tried to be encouraged by offering financial advantages to investors for investments, "for example in or near a city", categorical company, factory etc.

Special Economic Zones

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Special Economic Zone (SEZ) is an area where labor and trade laws differ from the rest of the country. SEZs are located within a country's national borders and their purpose is to increase the balance of trade, employment, investment, employment and effective management. Fiscal policies are introduced to encourage businesses to set up in the region. These policies often cover investment, taxation, trade, quotas, customs and labor regulations. In addition, companies can be offered tax exemption, in which case they are given a lower taxation period when resident in a region.

Free Trade Zones

Free Trade Zone (FTZ) is a class of special economic zone. A geographic area where goods can be imported, stored, processed, produced or reconstructed and re-exported under certain customs regulations and are generally not subject to customs duty. Free trade zones are often organized around major ports, international airports, and national borders—areas with many geographic advantages for trade.

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