A Special Economic Zone (SEZ) is a broad term for industrial parks, free trade zones, export processing zones, etc. The common denominator is that the government demarcates a physical area where businesses receive "special treatment" of some form – different regulations, infrastructure, tax regimes, etc. Governments often opt for SEZs to support industries that would typically find it hard to operate, attract foreign businesses to locate in an otherwise unfriendly climate or to encourage The Oil and Gas Free Zones Authority (OGFZA) is the national regulatory agency superintending over the operation of the oil and gas free trade zones in the country. OGFZA was established by Section 2 of the Oil and Gas Export Free Zone Act No. 8 of 1996 to regulate Nigeria's Oil and Gas free trade zones. Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones.

10 Sep 2019 regulations that are different from other areas within the same FTZ is the Tinapa Free Trade Zone in Calabar, Nigeria which was poorly  2 Dec 2019 regulations that are different from other areas within the same FTZ is the Tinapa Free Trade Zone in Calabar, Nigeria which was poorly  The Free Zone scheme was set up to strategically improve the investment climate by stimulating export Calabar Free Trade Zone (CFTZ), Cross River, Fed. The Calabar Free Trade Zone is a friendly business location in Nigeria through: regulations; Repatriation of foreign capital on investment in the Zone at any  22 Jun 2017 Similarly, one of the most cited barriers to the growth of the Calabar free trade zone has been the lack of investment in dredging the Calabar  the EPZ strategy in 1992 with the setting up of the Calabar Free Trade Zone to regulations and procedures applicable to the EPZs; (d) Freedom for foreign  20 Jun 2019 According to the World Bank, Free Trade Zones (FTZs) are duty-free areas, and foreign investors through vast tax and reduced-regulation incentives. Calabar FTZ, Dangote Industries Free Zone, Kano FTZ, LADOL Free 

22 Jun 2017 Similarly, one of the most cited barriers to the growth of the Calabar free trade zone has been the lack of investment in dredging the Calabar 

development located within the Tinapa Free Zone and Resort (TFZR), a Free Trade Zone, adjacent to Calabar Port and Calabar Free Trade Zone (CFTZ). Though supported by the Cross River State Government (CRSG), Tinapa is a fully private commercial venture Tinapa’s centre-piece is 65,000 sq m of warehousing and wholesaling facilities as well as Industry FAQs: Free Trade Zone. What is the Free Trade Zone? Answer: Article 63 of the Insurance Law sets forth the means and requirements for insurers to obtain a license to issue policies that are exempt from filing requirements for special risks. The operational mechanism created by this statute is commonly known as the Free Trade Zone. Free trade zones are venues for the influx of foreign direct investments whereby companies operating in such zones operate free from the provisions of the Nigerian Tax laws, levies, duties and foreign exchange regulations. Overview. The Lagos Free Trade Zone is the first private owned free trade zone in Nigeria. Spread over 805 hectares of land, the zone will have several industrial zones and offer access to an enormous consumer market across West Africa.

Appendix to Part 146 - Guidelines for Determining Producibility and Relative Values for Oil Refinery Zones Authority: 19 U.S.C. 66 , 81a - 81u , 1202 (General Note 3(i), Harmonized Tariff Schedule of the United States), 1623, 1624.

Taking a look at some of the Free Zones in the country; LADOL Free Zone, Lekki & Lagos Free zones in Lekki, Tinapa & Calabar Free zones in Calabar, Kano Free zone, Maigateri Border Free zone, Snake Island Onne Oil & Gas Free zone etc all accommodating a range of local and foreign enterprises, are expected to improve the production level of the The Oil and Gas Free Zones Authority (OGFZA) is the national regulatory agency superintending over the operation of the oil and gas free trade zones in the country. OGFZA was established by Section 2 of the Oil and Gas Export Free Zone Act No. 8 of 1996 to regulate Nigeria's Oil and Gas free trade zones.

A Special Economic Zone (SEZ) is a broad term for industrial parks, free trade zones, export processing zones, etc. The common denominator is that the government demarcates a physical area where businesses receive "special treatment" of some form – different regulations, infrastructure, tax regimes, etc. Governments often opt for SEZs to support industries that would typically find it hard to operate, attract foreign businesses to locate in an otherwise unfriendly climate or to encourage

To set up a company in the free trade zone, a businessman needs to take specific steps which are standard for all the free zones of the country. These steps are given below: Fill up the application form, which can be downloaded online, collect from the free zone administration office or the headquarters of Nigeria Export Processing Zone Authority (NEPZA) in Abuja. lagosftz.com

11 Jun 2019 Several factors were responsible for the adoption of free trade zones scheme in and regulation of the free zones scheme across the country, NEPZA's Calabar and Kano were established basically as special economic 

The Oil and Gas Free Zones Authority (OGFZA) is the national regulatory agency superintending over the operation of the oil and gas free trade zones in the country. OGFZA was established by Section 2 of the Oil and Gas Export Free Zone Act No. 8 of 1996 to regulate Nigeria's Oil and Gas free trade zones. Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones. DESIGNATION OF FREE ZONES. Investment Procedures: 1. The Nigeria Export Processing Zones Authority (hereinafter referred to as the Authority) shall in presenting to the President, Commander-in-Chief of the Armed Forces its recommendations for the designation by the President of such area as he thinks fit as a Free Trade Zones & Nigeria Tax Regime Free Trade Zones in Nigeria: The Legal Framework – Review of NEPZA & OGEFZA Provisions – Section 1of the NEPZA (a) empowers the President to designate areas as “export processing zones” on the recommendation of the Nigerian Export Processing Zones Authority (“the Authority”). Taking a look at some of the Free Zones in the country; LADOL Free Zone, Lekki & Lagos Free zones in Lekki, Tinapa & Calabar Free zones in Calabar, Kano Free zone, Maigateri Border Free zone, Snake Island Onne Oil & Gas Free zone etc all accommodating a range of local and foreign enterprises, are expected to improve the production level of the

13 Sep 2017 Calabar Free Trade Zone (CFTZ) and Kano Free Trade Zone (KFTZ); Greenfield SEZs - Enyimba City, Ibom Industrial City. Create a supportive  10 May 2017 Zone Authority (NEPZA) to make Calabar Free Trade Zone a Pilot Industrial City REGULATORY AGENCIES OF NIGERIAN GOVERNMENT. 11 Jun 2019 Several factors were responsible for the adoption of free trade zones scheme in and regulation of the free zones scheme across the country, NEPZA's Calabar and Kano were established basically as special economic