An Export Processing Zone (EPZ) is a Customs area where one is allowed to import plant, machinery, equipment and material for the manufacture of export goods under security, without payment of duty. The imported goods are subject to customs control at importation, through the manufacturing process, to the time of sale/export, or duty payment for home consumption.
Other benefits of operating such enterprises include; free trade conditions, streamlined Government red tape allowing for one stop registration and licensing and also a facility of long term tax concession.