Section 18: Incentives and related matters

(1) Approved enterprises within the Zones shall be entitled to the following incentives-
(a) legislative provisions pertaining to taxes, levies, duties and foreign exchange regulations shall not apply within the Zones;
(b) repatriation of foreign capital investment in the Zones at any time with capital appreciation of the investment;
(c) remittance of profits and dividends earned by foreign investors in the Zones;
(d) no import or export licences shall be required;
(e) up to 25% of production may be sold in the customs territory against a valid permit and on payment of appropriate duties;
(f) rent-free land at construction stage; thereafter rent shall be as determined by the Authority;
(g) up to 100% foreign ownership of business in the Zones allowable;
(h) foreign managers and qualified personnel may be employed by companies operating in the Zones.
(2) The Authority shall be the only agency qualified to-
(a) give all approvals; and
(b) cancel all licences.
(3) The Authority shall simplify all procedure necessary for authorisation of investments in a Zone and state by order, from time to time, its requirements for the grant of authorisations for investments in a Zone.
(4) Operations within a Zone shall commence on the date when the construction of the perimeter fence and gate of the Zone has been completed and the Authority has assumed duties.
(5) There shall be no strikes or lock-outs for a period of ten years following the commencement of operations within a Zone and any trade dispute arising within a Zone shall be resolved by the Authority.