Advantages & Activities

ADVANTAGES OF LOCATING WITHIN A FREE ZONE

• Total exemption from customs duties on capital goods, spare parts, raw materials, etc., for use in the construction and equipping of the premises and in connection with the approved activity.

• No import or export licensing requirements.

• No land and building taxes.

• No fees for work permits.

• No foreign currency or property ownership restrictions.

• Exemption from corporation and withholding taxes in respect of profits or gains from approved free zone activities and business levy on sales.

• Exemption from container examination fees.

• No VAT on goods supplied to a free zone.

• Availability of an ample, English-speaking work force that is highly skilled and trainable.

• Expeditious, efficient customs procedures.

• Preferential external telecommunication rates.

FREE ZONE ACTIVITIES

Free zone activities which qualify for full tax exemptions are:

• Development and operation of free zones.

• Manufacturing for export.

• International trading in products.

• Provision of services (e.g. data processing) for export.