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Procedures for setting up a private free zone project |
- A request by the investor to GAFI's free zone sector to set up a
private free zone project.
- The request will be presented to the zone's permanent technical
committee to issue the primary approval.
- 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).
- 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.
- 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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Copyright ©
C.M.T 2006. All rights reserved |
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