What benefits can the development of free trade zone bring to enterprises?

Free trade zones usually adopt more favorable policies. The relaxed regulatory environment is conducive to enterprises' overseas investment, trade and asset allocation, as well as attracting foreign capital to enter the free trade zone and the development of re-export. Taking the Caribbean Free Trade Zone as an example, an extremely open policy has been adopted. For example, during the validity of the license, the business license holders in the Caribbean Free Trade Zone have the right to establish and participate in the industrial or commercial activities specified in the license without obtaining any license or other licenses. Any industrial/commercial activities in the free trade and processing zone are exempt from taxes and government fees;

Exempt imported machinery, equipment, spare parts, building materials and articles needed for the construction and operation of facilities in free trade and processing zones from taxes and other fees;

Exempt from import taxes and fees on raw materials and other articles processed in free trade or processing zones or used to improve services in free trade and processing zones;

employees of enterprises in free trade and processing zones only need to pay social insurance, medical insurance and education funds, and do not need to pay personal income tax and other fees;

Exempt from export taxes and other fees for goods produced and processed by licensed enterprises in free processing and trade zones exported outside Antigua and Barbuda;

Exempt from tax on any profit returned in free trade and processing zones. In addition, Antigua enjoys many trade agreements, including the Caribbean Community Agreement, the Association of Caribbean States, the Caribbean Basin Initiative, the Cotonou Agreement, the Free Trade Area of the Americas and the World Trade Organization. And so on, these policies have greatly promoted economic development.