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The Jamaican Free Zones are a government free trade zone initiative in Jamaica.Designed to encourage foreign investment and international trade, businesses operating within these zones have no tax on their profits, and are exempted from customs duties on imports and exports (capital goods, raw materials, construction materials, and office equipment) and import licensing requirements.
See also: List of special economic zones and List of free-trade zones In special economic zones business and trades laws differ from the rest of the country. The term, and a number of other terms, can have different specific meanings in different countries and publications. Often they have relaxed jurisdiction of customs or related national regulations. They can be ports or other large areas ...
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).
Navoi Free Industrial Economic Zone - The Navoi Free Industrial Economic Zone was created on December 2, 2008 in the Navoi region of the Republic of Uzbekistan to attract foreign investment. [60] Jizzakh high-tech industrial park - Uzbekistan and China are working together to jointly establish a SEZ in the central Uzbek city Jizzakh. This high ...
Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services.
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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 .
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