Section 10: Power to grant licence.

(1) The authority may grant licence for any approved activity in the Export Free Zone to an individual or business concern whether or not the business is incorporated in the customs territory.
(2) The grant of licence by the Authority shall constitute registration for the purposes of company registration within the Export Free Zone.
(3) A body corporate licensed to operate within the Export Free Zone and undertaking an approved activity shall notify the Authority of any purchase, assignment or transfer of shares in the body corporate, except where its shares are quoted and are freely transferable on any international Stock Exchange.
(4) The Authority shall by order, from time to time, prescribe the regulations governing the Export Free Zone.