New plans for Kish.
From the $3,000 exemption to the free financial zone.
Madanizadeh, the Minister of Economy, announced the development of a plan to renew free zones on the basis of competitive advantages, in a ceremony utilizing 17 projects and starting the implementation of four projects with an investment of about 114 hammets.
Innovation, digital economy and new financial technologies are the proposed tasks of Kish, and the creation of a free financial zone is also ongoing.
Madanizade also saw the raising of the exemption ceiling for goods that carry passengers in Kish from 80 to 3,000 dollars as a step to compensate for the economic damage caused by war conditions and to strengthen trade and tourism.
Easements in customs formalities, tax support, national insurance and banking facilities are also included in the government support package.