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Procedures for setting up a public free zone project |
- The investor submits a project establishment application form to the concerned free zone's administration.
- The Permanent Technical Committee for Free Zones Affairs verifies the affiliation form in order to give a primary approval.
- The project pays 10% of the annual rental charges (as a guarantee) minimum 1000 USD.
- The application will be submitted to the free zone's Board of Directors for final approval.
- Land designated for the project will be allocated to the owner by the zone’s administration, once the payment of the first year rent is paid up in advance, and after deducting the initial guarantee fees of the sum paid previously. (The investor can take over the allocated land once the first year rent charge is paid).
- Once the above, mentioned procedures are done, occupancy licenses will be issued.
- The investor should refer the projects: establishment unit at GAFI One Stop Shop, in order to get the commercial registration and tax card.
- A bank letter of guarantee or cost deposit guarantee should be submitted in order to cover GAFI’s annual services fees. The investor should present 3 copies of the project’s engineering designs approved by a syndicated engineer.
- The concerned free zone will issue the operating project's permit of commencing activity.
- The free zone management will notify the concerned entities with a copy of the permit of commencing activity.
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Copyright ©
C.M.T 2006. All rights reserved |
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