Definition
A free trade zone, also known as a foreign-trade zone or free economic zone, is a designated geographic area where goods can be imported, manufactured, processed, and exported without being subject to customs duties or other trade barriers. Free trade zones are established to promote economic development, facilitate international trade, and attract investment.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.