What is Zona Franca in SAP IS-OIL - SAP for Oil & Gas?

SAP Term: Zona Franca

• Component: IS-OIL

• Component Name: SAP for Oil & Gas

• Description: Industry Solution Oil Zona Franca de Manaus A special customs area in Amazonas State, northern Brazil.

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• Key Concepts: 
  Zona Franca is a term used in the IS-OIL SAP for Oil & Gas component. It is a special economic zone that offers tax and customs incentives to companies operating within it. This allows companies to reduce their costs and increase their profits. The zone is typically located near a port or airport, making it easier for companies to transport goods in and out of the country.
  
  How to use it: 
  In the IS-OIL SAP for Oil & Gas component, Zona Franca can be used to set up a special economic zone that offers tax and customs incentives to companies operating within it. Companies can use this feature to reduce their costs and increase their profits.
  
  Tips & Tricks: 
  When setting up a Zona Franca, it is important to consider the location of the zone. It should be located near a port or airport so that companies can easily transport goods in and out of the country. Additionally, it is important to consider the tax and customs incentives offered by the zone in order to maximize the benefits for companies operating within it.
  
  Related Information: 
  The IS-OIL SAP for Oil & Gas component also includes features such as inventory management, supply chain management, and financial management. Additionally, there are other special economic zones around the world that offer similar tax and customs incentives as Zona Franca.