What is a Free Economic Zone?
A Free Economic Zone (FEZ) is a special economic area designated in order to attract higher levels of foreign investment by a) improving business and residential conditions for foreign investment companies; and b) by relaxing various regulations to secure the freedom to engage in economic activities and offer attractive investment incentives as much as possible. In addition, FEZs provide a wide range of tax benefits, reduce regulations to ensure the freedom to engage in economic activity, establish convenient living conditions and easy-to-use administrative services for free-flowing and diverse business endeavors.