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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 zones may be broadly categorized as seaport free zones, airport free zones, and mainland free zones. Free-trade zone exemptions are: [2] 100% foreign ownership of the enterprise; 100% import and export tax exemptions; 100% repatriation of capital and profits; Corporate tax exemptions for up to 50 years; No personal income taxes
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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The Shams Abu Dhabi project will be developed on Reem Island in Abu Dhabi by Sorouh Real Estate and occupy approximately 25% of the island. It will occupy 1.32 million square metres (14.2 × 10 ^ 6 sq ft), of which 90% will be dedicated to residential buildings and has a potential of developing 22,000 residential units which will house around 100,000 people whereas the rest will be available ...
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"They grow up so fast" is a phrase dog owners use almost as often as "Who’s a good girl?" or "Stop eating that!" In 2018, people even created a whole online community to embody the famous line.
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