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.