United Kingdom

United Kingdom

Designates Teesside Freeport as the first Free Zone

19 Nov 2021

On 19 November 2021, the Government of the United Kingdom by the Order SI 2021/1290 has designated Teesside Freeport as Free Zone. It is the first out of eight Free Zones announced by the UK Government that are expected to become hubs for global trade and investment in the UK. Teesside Freeport will benefit from exclusive customs, VAT and excise rules.