- Freeports are places where normal regulations are suspended for the benefit of businesses
- Freeports exist to provide benefits to companies, employers, and those involved in trade
- Freeports can lead to lower levels of protection for workers compared to those outside the freeport
- Freeports have no clear boundaries and are difficult to define
- Freeports are controlled by private sector companies, leading to potential abuse of reduced regulations
- The existence of freeports threatens democratic control and can be as dangerous as tax havens
Source: taxresearch.org.uk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
