Eligible businesses in Freeports enjoy a range of tax incentives, such as enhanced capital allowances, relief from stamp duty and employer national insurance contributions for additional employees. These tax reliefs are designed to encourage the maximum number of businesses to open, expand and invest in Freeports.
Freeports benefit from a range of customs measures, allowing imports to enter the Freeport customs sites with simplified customs documentation and delay paying tariffs. This means that businesses operating inside designated areas in and around the port may manufacture goods using these imports, before exporting them again without paying the tariffs and benefit from simplified customs procedures.
They also provide a supportive planning environment for the development of tax and customs sites through an extension of permitted development rights and incentivising use of local development orders.
The government will also support Freeports with innovation, with all businesses within Freeports able to access direct engagement with relevant regulators.
Freeport East,
Harwich International Station,
Parkeston Quay,
Parkeston,
Harwich, C012 4SR
Email: [email protected]
Phone: +44 (0)1255 252 150
Website: freeporteast.com
