What is a Special Economic Zone ?
A Special Economic Zone is a geographically delineated region of a country that is dedicated to attracting inward foreign investors to establish their operations in the zone through the provision of more liberalised infrastructure, fiscal and regulatory policies than that provided for in other parts of the domestic economy. Special Economic Zones come in many different forms, depending on the type of incentives that the zone offers: · special industrial zone · urban enterprise zone · free trade zone · investment promotion zone · foreign trade zone · export processing zone · industrial estate · technology park Most Special Economic Zones are situated in developing countries and can be found in all of the world’s regions: Types of Incentives The types of incentives offered to Special Economic Zone enterprises may consist of one or more of the following: · exemption from import duties · exemption from indirect taxes · subsidies and grants · tax rebates · currency retention schemes · utili
