7-Zip is free software with open source. The most of the code is under the GNU LGPL license. Some parts of the code are under the BSD 3-clause License. Also there is unRAR license restriction for some parts of the code. Read 7-Zip License information. You can use 7-Zip on any computer, including a computer in a commercial organization. You don't need to register or pay for 7-Zip.

• High compression ratio in 7z format with LZMA and LZMA2 compression
• Supported formats:
  • Packing / unpacking: 7z, XZ, BZIP2, GZIP, TAR, ZIP and WIM
  • Unpacking only: AR, ARJ, CAB, CHM, CPIO, CramFS, DMG, EXT, FAT, GPT, HFS, IHEX, ISO, LZH, LZMA, MBR, MSI, NSIS, NTFS, QCOW2, RAR, RPM, SquashFS, UDF, UEFI, VDI, VHD, VMDK, WIM, XAR and Z.
• For ZIP and GZIP formats, 7-Zip provides a compression ratio that is 2-10 % better than the ratio provided by PKZip and WinZip
• Strong AES-256 encryption in 7z and ZIP formats
• Self-extracting capability for 7z format
• Integration with Windows Shell
• Powerful File Manager
• Powerful command line version
• Plugin for FAR Manager
• Localizations for 87 languages

7-Zip works in Windows 10 / 8 / 7 / Vista / XP / 2016 / 2012 / 2008 / 2003 / 2000 / NT. Reference: https://www.7-zip.org/ 7Zip has been reported to be the most popular file achieving software in the Asia Pacific region.