A "Free Zone" is a designated area within a country where goods can be imported, stored, and exported without the usual customs duties and regulations. These zones are often established to encourage trade, attract foreign investment, and boost economic development. Businesses operating in free zones can benefit from tax incentives and simplified administrative procedures. Free zones can vary in size and purpose, ranging from industrial parks to logistics hubs. They are commonly found in countries like United Arab Emirates and Singapore, where they play a crucial role in enhancing global trade and facilitating international business operations.