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Title: Eswatini Becomes a New Financial Hub: iSwiss Bank Secures Free Economic Zone License

London, United Kingdom, 6th Nov 2024 - iSwiss Bank, through its subsidiary FZ CAPITAL JSC, is proud to announce that it has obtained the first Free Economic Zone license in the Kingdom of Eswatini. This landmark agreement, signed directly with His Majesty King Mswati III, marks a significant step forward for Eswatini, positioning it as one of the most competitive and attractive destinations for international investors and entrepreneurs, with tax incentives reaching as low as 0%.A Groundbreaking Development ProjectThe establishment of a zero-tax Free Economic Zone will open Eswatini’s market to a wide range of global investors, with projections to register between 600,000 and 1 million new companies by 2025. This favorable fiscal environment, combined with advanced financial infrastructure and global banking connections, promises substantial benefits for both foreign entrepreneurs and the local population. The Free Zone will provide direct access to multi-currency bank accounts, simplifying and streamlining international economic transactions.The Vision of Christopher Aleo, CEO of iSwiss Bank and Interim President of the Eswatini Free Zone AuthorityChristopher Aleo, CEO of iSwiss Bank and the driving force behind this Free Zone initiative, shared his vision for the project: “After spending many years in Dubai and working closely with Middle Eastern royal families, I’ve had the opportunity to observe and understand the success models that have made cities like Dubai and other economic hubs international benchmarks for business. This experience, coupled with my travels to Georgia, Kazakhstan, Bulgaria, and other countries, allowed me to integrate the best aspects of various Free Zones worldwide, always keeping in mind the needs of modern digital entrepreneurs, consultants,...

This press release is issued by King Newswire