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What is a Tax Free Zone
Tax Free Zones or Trade Free Zones are delimited geographic areas, campuses, industrial parks or compounds that offer a number of special benefits to its occupants. Such places are located within the borders of a particular country, but operate as an autonomous facility.
Business owners may import raw materials, equipments and products for their business free of any type of import duty or taxation (or at a greatly reduced rate) and may also be free to expatriate business profits.
This advantageous tax exemption system provides Tax Free Zones with a very dynamic trading environment for importing and exporting goods or services.
Content by MercaTrade.com
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