Economic Zones and/or Industrial Parks
A special economic zone (SEZ) is an area where trade and trade laws are different from the rest of the country.
SEZs are located within the national borders of a country, and their goals include increasing the trade balance, employment, increasing investment, job creation, and effective administration.
To encourage businesses to establish themselves in the area, financial policies are introduced. These policies typically include investment, taxation, trade, quotas, customs, and labor regulations. In addition, companies may be offered tax exemptions, in which, by settling in one area, they are granted a lower tax period.
The creation of special economic zones by the host country may be motivated by a desire to stimulate local investment. The advantages that a company gets by being in a special economic zone can mean that it can produce and exchange goods at a lower price, aimed at being competitive globally.