Benefits of free zone system

Advantages

•  Freedom of invested capital and projects profits transfer.
•  Freedom of investment field selection and project legal status.
•  Freedom of products pricing and profitability margin limit
•   Unlimited invested capital.
•   Unrestricted nationality of capital.
•   Freedom of employment for/ or to others
•  Freedom of importing from the local market through Simplified procedures.

Exemptions

•  Capital assets and production requisites necessary for the project implementation (vehicles excluded) are exempted from custom duties, sales taxes or other taxes
•   Project's exports and imports to and from the country shall be exempted from custom duties or taxes (sale taxes or other taxes and duties) applied in the country.
•   The project and its profits may not be submitted to the tax and custom legislation applied in the country throughout its period of activity.
•  Project imports from the local market shall be exempted from sales taxes.
• Transit merchandises of defined direction shall be exempted from any duties imposed on incoming and outgoing goods.
•  Local components of merchandise produced in the free zones shall be exempted from custom duties in case of sales in the local market (inland)
•  Establishment contracts, loans and gages are exempted 5 years from the date of the company's registration in the commercial register from stamp tax, notarization and registration duties.
•  Land registration contract of the private free zone is exempted from the stamp tax, notarization and registration duties.

Guarantees:

•  Projects, establishments and buildings may not be nationalized or confiscated.
•  Custody on the projects or its money sequestration, capturing or blocking may only be applied legally and through the administrative process.
•  Projects may not be subject to public legal proceedings in case of special breaches to custom, currency and tax laws, unless there is previous consultation with the Authority.