Various Non-tax Incentives
Non-tax Incentives for Investment and Technological Zones
Investment and Technological Zones provide a suite of non-tax incentives and facilitation measures intended to support corporates operating therein and promote innovation. Such measures encompass the provision of advanced infrastructure and high-efficiency digital services, the availability of competitively priced and fully equipped business spaces, and streamlined licensing and operational procedures through a centralized administration within the zone.
Non-tax Incentives
Investment Law No. 72 of 2017 also stipulated a wide range of non-tax incentives and facilitations for investment and technological zones projects.
Work Plan
The investment zone`s BoD shall have the authority to establish the work plan and regulations governing business activities within the zone.
GAFI`s Approval
No governmental authority, other than GAFI, may undertake any action within the investment zones, except with the prior approval of GAFI.
Projects Approval
The investment zone`s BoD have the authority to approve projects that will be established within the zone.
Customs Facilitation
Rules of temporary release and drawback stipulated in the laws, regulations and decrees shall apply to all projects operating within the investment zones.
Granting Operating Licenses
The BoD`s Chairman shall issue operating licenses to approved projects, without the requirement for registration in the Industrial Register.