Benefits
Free Zone companies may enjoy incentives such as:
- Exemption from customs duties, taxes and related charges on all classes of goods entering the Free Zone for commercial or operating purposes
- No restriction or taxes on foreign exchange transactions
- No taxes on dividends for the first 20 years of operation
- No work permit fees for management personnel of Free Zone business
- No import or export licences
- No price control
- No company income tax for the first five (5) years, thereafter very limited tax range
