free zone


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free zone

n.
A designated area, as of a city, where certain taxes or restrictions on business or trade do not apply.

free zone

n
(Commerce) an area at a port where certain customs restrictions are not implemented. See also free port
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.free zone - an area adjoining a port where goods that are intended for reshipment can be received and stored without payment of duties
area, country - a particular geographical region of indefinite boundary (usually serving some special purpose or distinguished by its people or culture or geography); "it was a mountainous area"; "Bible country"
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References in periodicals archive ?
The 'World Free Zone Expo Pavilion,' a first-of-its-kind specialised event to be held in Abu Dhabi, will bring together free zones under one roof to engage with onshore and offshore companies and business start-ups to facilitate future strategic partnerships and collaborations and highlight promising investment opportunities.
Salalah: Russian President Vladimir Putin's special representative to the Middle East and Africa is currently on a visit of the Salalah Free Zone. Mikhail Bogdanov came to Salalah to explore areas of economic cooperation on Monday, 26 August.
In the course of submissions, De Silva further submitted to Court that Hayleys Free Zone does only a minor processing of the cargo and re-exports the separated components of the used mattresses to entities provided to Hayleys Free Zone by the owner, for which Hayleys Free Zone only receives a processing fee.
Salalah Free Zone and Petiva Group have signed a memorandum of understanding (MoU) to set up the factory.
With Oracle Cloud Applications, Ajman Free Zone will have a complete suite of applications for delivering next-gen services and solutions that will streamline business in Ajman for public and private sector organizations.
The Economic Coordination Committee (ECC) of the cabinet on Tuesday directed the stakeholders to sit again and thoroughly review the proposed income tax, sales tax and customs duty exemptions for the Gwadar Port Authority and Gwadar Free Zone.
Mohamed Abdel Wahab, deputy head of the General Authority for Investment and Free Zones, said that there are 209 projects at the Nasr City's Public Free Zone with total investments of $3.4bn, including 143 industrial projects and 60 services projects, adding that this free zone offered 72.2 job opportunities.
The current rules restrict foreign corporate ownership outside of free zones to 49%.
As per the deal, EA will organise online auctions to sell cargo that has been seized based on orders from the Judicial Committee that falls under the Dispute Settlement Committee in the Ajman Free Zone, and in accordance to the best global practices.
As a result of its free zone status, GAC Abu Dhabi will be able to transfer cargo to any other free zones in the UAE without having to pay customs duty.
Technically, Shah said, the Cabinet can add more free zones, because tge VAT law says that free zones with customs-restricted access will qualify for this, so if any other free zone infrastructures are developed and meet this criteria, those can also be included in the designated zones.
This alongside the expansion of its free zone landscape.