Free Zones are areas which are geographically inside a country’s land border, but considered to be outside customs controls. In these areas, import duty and VAT are not applied until goods leave the zone and enter the host country. When located in sea ports they are often referred to as Free Ports.
Free Zones appear all over the world, from Brazil to Bulgaria, and act as catalysts for international trade by allowing traders and shipping companies to store goods with minimal expense and bureaucracy.