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Procedures for setting up a private free zone project

  1.  A request by the investor to GAFI's free zone sector to set up a private free zone project.
  2.  The request will be presented to the zone's permanent technical committee to issue the primary approval.
  3.  Notification by GAFI to the investor about setting up a committee for examining the project's site, and to determine the private free zone boundaries (this can be done after the project is established).
  4. Notification from the free zone sector to the investor once the final approval for the project is issued, the free zone sector notifies the investor to establish the project.
  5.  Following the company's establishment, announcement and registration procedures, the following documents are to be presented to the Free Zones sector:
  •  Ultimate financial letter of guarantee will be submitted to GAFI, the amount of which will be set according to the type of activity.
  •  A cheque to the amount of half per thousand of the project's investment cost will be submitted to GAFI.
  •  A commencing activity license will be issued. In case of non-completion of requirements needed for the establishment of private free zone project, a temporary license for operational activity may be issued.

 

 

 

 

 

 

 

 

   

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