Investor Presentaiton
Free Trade Zones & Nigeria Tax Regime
The Free Trade Zone Concept & Strategic Considerations
- FTZs date back to medieval times when towns around the Baltic /in Asia
began to exploit the concept of the free port. As other modes of
international transport evolved, FTZs also appeared near airports and
border crossings.
- FTZs subsequently shed their purely trading nature - becoming ideal
location for processing of raw and intermediate materials into finished
products, thereby increasing local value added, generate more
employment, industrial development and productive investment.
- Many emerging economies active participants: research shows that most
FTZs are located in developing countries.
- Operational framework:
- minimal bureaucracy through management outsourcing to FTZ operator;
- enterprises setting up in FTZ given tax breaks as an additional incentive;
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