Special Economic Zone

Special Economic Zone - A Special Economic Zone (SEZ) is a designated geographic area that is subject to unique economic regulations and policies, distinct from the rest of the geography, to promote foreign investment, economic growth, and job creation. These zones often offer tax incentives, simplified export-import procedures, and other regulatory relaxations to attract businesses.

Class Information

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Identification

Label (rdfs)
Special Economic Zone
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Alternative Labels
Business-Friendly Regulatory Area, Investment Promotion Zone, SEZ
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Definition and Examples

Definition
A Special Economic Zone (SEZ) is a designated geographic area that is subject to unique economic regulations and policies, distinct from the rest of the geography, to promote foreign investment, economic growth, and job creation. These zones often offer tax incentives, simplified export-import procedures, and other regulatory relaxations to attract businesses.
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Additional Information

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Deprecated
False

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