FREE ZONE ENTERPRISES
Subject to the provisions of this Act any person may apply for
a license to establish an enterprise in a free zone.
- No person shall carry on a trade, business or
industry within a free zone unless it is registered under:
The Companies Code 1963 (Act 179); or The Private Partnership
Act 1962 (Act 152) and is the holder of a license authorizing
the carrying on of that trade, business or industry under
this Act
- A company or partnership qualified under subsection
(1) and licensed under section 16 shall be referred to
as a free zone enterprise.
- A free zone enterprise shall have the right to
produce any type of goods and services for export but shall
not produce any goods that are environmentally hazardous.
A free zone enterprise shall be free to
Store, warehouse, pack, unpack and repack, divide, sub- divide,
group, breakdown, assemble, disassemble, bottle, rebottle,
can, re-can, decant, alter, sample, display, grade, test,
classify, mark, manipulate, restore, join, transform, transit
and transship, transfer, mount, refine, salvage, destroy,
demolish, confect, label, reliable, finish, handle, mix, combine,
clean, process and manufacture any foreign or domestic raw
material, intermediate, semi-finished or finished goods or
components for export or re-export; Render and sell any type
of information processing, computer-aided design, computer-aided
printing and publishing, software development-marketing and
any other similar and related services;
Render and sell financial, banking, insurance, commercial,
advisory, repair and maintenance, professional training and
other services subject to all relevant laws and regulations
for the time being in force; and Carry out any other activities
relevant to its license as may be considered necessary by
the Board. A free zone enterprise may change its production
lines and process as often as it considers necessary subject
to prior approval of the Board.
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