Free Trade Zone
A free trade zone should provide below facilities
1. Encroachment-Free Land Acquisition
2. Single Window Clearance including Customs, Immigrations etc.
3. Ease of Trading Across Borders
4. Mixed-Use Cluster Development
5. Support for starting a Business
6. Dealing with Construction Permits
7. Meeting Energy Needs
8. Ease of Registering Property
Additionally investors and businesses should be guaranteed a host of preferential policies and incentives
The repatriations, import and operational benefits makes Free Trade Zone an ideal investment destination for growth and expansion.
One such Lagos Free Zone providing
1. 100% Repatriation of Capital Investment in the zone at any time with capital appreciation of the investment.
2. Remittances of profits & dividends earned by investors in the zone without payment of withholding tax.
3. Up to 100% finished goods may be exported into Nigeria Customs Territory on the payment of appropriate duties along with a valid license.
4. No Federal, State and local Government taxes, levies and rates.
5. No import duties applicable on goods imported from outside the country, which are destined for exports.
6. No import or export license required.
7. 100% foreign ownership of business allowed in the zone.
You can visit the website here for more details https://lagosfreezone.com/