LICENSING
• An application for a license to develop, manage or establish
an enterprise in the free zone shall- a. be in writing; be submitted
to the Secretariat of the Board; Specify the zone to be developed
or managed or both or the trade, business or industry for which
the license is required; and be accompanied with such information
as the Board may require. The Board shall cause response to
be made to an application within twenty eight working days from
the date of the receipt of the application.
• The Board may grant a license authorizing- the development
or management or both of a free zone; or the carrying on of
a trade, business or industry within the free zone.
• No license shall be granted for the carrying on of;
the business of banking, unless the applicant is also registered
and licensed under the Banking Law 1989 (P.N.D.C. 225); or the
business of insurance unless the applicant is also registered
under the Insurance Law 1989 (P.N.D.C. 227). A license is issued
under this section shall be under the signature of the Chairman
of the Board.
• The Board may attach to a license such conditions as
it thinks appropriate concerning employment skills, job opportunities
and degree of export orientation.
• The Board may revoke a license where it is satisfied
that there has been a breach of condition attached to the license.
• The Board may upon the request of the licensee vary
at any time the conditions attached to the license,
• Before revoking a license, the Board shall give not
less than fourteen working days notice of its intentions to
the licensee and shall consider any representations made to
it by the licensee.
• The Board shall establish and maintain a register of
licenses granted under section 16 of this Act.
• There shall be entered in the register in respect of
each license: the name of the person to whom the license is
granted; and the zone to be developed or managed or both or
the trade, business or industry to which the license relates.
• The register shall be kept by the Board and shall be
open for inspection by the public subject to such fee as the
Board may determine.
• No licensee shall transfer a license issued in respect
of it to any other person without the prior approval of the
Board.
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