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Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
The U.S. foreign-trade zones program was created by the Foreign-Trade Zones Act of 1934. The Foreign-Trade Zones Act was one of two key pieces of legislation passed in 1934 in an attempt to mitigate some of the destructive effects of the Smoot-Hawley Tariffs, which had been imposed in 1930. The Foreign-Trade Zones Act was created to "expedite ...
Astromar Freezone - Astromar Free Trade Warehousing Zone is one of the fastest growing and most cost-effective Free Trade Warehousing Zone in Chennai. Our facility near Chennai's sea gateways is dedicated to facilitating Foreign Trade and Warehousing Zone (FTWZ).
California estimates this will cost about $10 million in one-time election-related costs and to form a new commission and around $2 million annually to operate the commission.
An urban enterprise zone is an area in which policies to encourage economic growth and development are implemented. [1] Urban enterprise zone policies generally offer tax concessions, infrastructure incentives, and reduced regulations to attract investments and private companies into the zones.
Though school hours in California might range from about 7 a.m. to 4 p.m., Olsen said drivers should still be cautious when passing by a school zone because after-school programs can last until 6 p.m.
The UAE has a number of free zones across Dubai, [1] Abu Dhabi, Sharjah, Fujairah, Ajman, Ras al-Khaimah and Umm al-Quwain. Free zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: 100% foreign ownership of the enterprise; 100% import and export tax exemptions