There are two types of zones within the freeport, each with different advantages – tax zones and customs zones. Companies can benefit from either of these or a combination of both, depending on land selection and location.
Tax zones offer incentives to businesses such as no stamp duty, full business rates relief for up to ten years and enhanced allowances for construction and machinery investment.
Businesses within customs zones will receive a range of tariff benefits, including duty deferral while the goods remain on-site and suspended import VAT on goods entering the customs zone.