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Today’s Top Headlines




World Free Zones Organization Welcomes 44 Additional FTZs

by Lorys Charalambous, Tax-News.com, Cyprus

02 December 2015

The World Free Zones Organization (World FZO) granted membership to 44 additional free zones during the second meeting of the Organization's Board of Directors this year.

Mohammed Al Zarooni, Chairman of the World FZO, said: "The 44 new free zones are quality additions to the World FZO network which come in line with the organization's ambitious vision of serving as an incubator for all free zones of various kinds and models around the world. The World FZO will continue to provide a unified platform for strengthening the role of free zones as key contributors to socio-economic development and sustainability and to encourage international efforts to raise the sector to new levels of excellence and leadership."

The meeting concluded with an agreement on a series of decisions and innovative solutions for upgrading free zones worldwide. The attendees also emphasized the need to launch mobile smart applications to facilitate access to World FZO's services and enable partners and entities to follow the latest developments and information on the organization easily and conveniently.

Al Zarooni commended the results of the second meeting of the World FZO, emphasizing the importance of enhancing the exchange of knowledge, experiences, and best practices among free zones.

The World FZO is a multinational organization with a mandate to protect the interests of special economic zones worldwide. It was launched last year and is headquartered in Dubai.

TAGS: United Arab Emirates | tax | tax incentives | interest | tax breaks | trade | Dubai | free trade zone | services

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