Special Economic Zone

The term Special Economic Zone (SEZ) is mostly used to refer to only one modern economic zone. In these zones business and trades laws differ from the rest of the country. Broadly, SEZs are located within a country's national borders. The aims of the zones include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays.

The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment. 

So what are the benefits your company can get by registering under SEZ? The benefits an organisation or a company gains by being in a Special Economic Zone may mean it can produce and trade goods at a globally competitive price. The operating definition of an economic zone is determined individually by each country.