What are the benefits to locate businesses in development zones of Asian countries?

There are a number of general benefits that businesses enjoy in development zones located in different Asian countrie:

• Preferential policies – Companies in development zones receive a number of benefits and regulatory privileges which aim to reduce costs of investment, import and export;
• Support and participation of governments – Since these zones are set up to boost the economy of the region, the government managing them will be quick to react to any market needs or fluctuations;
• Autonomy – Given the loosened regulations and rules, companies and business will enjoy greater autonomy in conducting their own trades;
• Available resources – Specialized zones often offer access to specific resources and favorable expertise to investors in certain relevant industries or sectors; and
• Technology, learning and innovation – With the governmental incentives, competition between tenants and presence of highly skilled labor, development zones tend to be most creative and innovative in the respective industries.