Skip to main content

PLYMOUTH FREE ZONE

THE NEW SOUTH WEST FREEPORT IN PLYMOUTH IS A FANTASTIC OPPORTUNITY FOR LOCAL BUSINESS. LET’S WORK TOGETHER TO MAKE THIS GOOD NEWS FOR EVERYONE IN OUR CITY AND AROUND.

Our aim here at "Plym Freeport" is to keep you up-to-date with events as they unfold, and share the most important information as we find it.

Learn more

WHAT IS A FREEPORT?

From the UK Government’s Freeport Consultation, February 2020 "Freeports are secure customs zones located at ports where business can be carried out inside a country’s land border, but where different customs rules apply. "They can reduce administrative burdens and tariffs controls, provide relief from duties and import taxes, and ease tax and planning regulations. "Typically, goods brought into a Freeport do not attract a requirement to pay duties until they leave the Freeport and enter the domestic market – and no duty at all is payable if they are re-exported. "If raw materials are brought into a Freeport from overseas and processed into a final good before entering the domestic market, then duties will be paid on the final good. "Freeports may also offer simplifications to the normal customs administrative processes on imported goods."

Freeports Consultation Extension

The Government wants to level up the UK by ensuring that towns, cities and regions across the country can benefit from the opportunities that leaving the EU brings. Now we have left, the Government aims to create up to 10 Freeports across the UK. These will be innovative hubs which boost global trade, attract inward […]

Featured article: What is a free port? A...

singapore

Article from The Guardian: Boris Johnson is considering establishing free ports in the UK if he succeeds Theresa May as UK prime minister in July. Belfast, Teesside and Aberdeen are among potential sites for the tax-free economic zones. What is a free port? Free ports or zones are designated by the government as areas with […]