FREE ZONE ACT GHANA EBOOK DOWNLOAD

Established by an Act of parliament. • The Free Zones Act , Act , was passed on 31st August, THE GHANA FREE ZONES. PROGRAMME. (1) Free zone developers and enterprises shall be free to negotiate and establish contracts of employment with employees that include wage scales, minimum. To implement the government's policy of attracting investments, the following incentives have been provided under the Free Zones Act


FREE ZONE ACT GHANA EBOOK DOWNLOAD

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FREE ZONE ACT GHANA EBOOK DOWNLOAD


It has nine members who are appointed by the President in consultation with the Council of State.

In essence therefore, the whole of Ghana is accessible to potential investors who have free zone act ghana opportunity to use the Free Zones as focal points to produce goods and services for foreign markets. Its role is to facilitate, regulate and monitor activities within the free zones.

free zone act ghana The current Management is determined to lead the GFZA into a new era with a firm commitment to the vision and mission of the GFZA to provide a favorable environment for investors.

In our journey to become a relevant player, our management structure has evolved to sharpen our focus on the needs of the investor and satisfy those needs with greater speed and effectiveness.

FREE ZONE ACT GHANA EBOOK DOWNLOAD

Application for licenses to develop a free zone or operate an enterprise in a free zone i An application for a license to develop, manage or establish an enterprise in the free zone shall - a be in writing; b be submitted to the Secretariat of the Board; c specify the zone to be developed or managed or both for the trade, business or industry for which the license is required; and d be accompanied with such information as the Board may require.

Grant of license to developers and enterprises i The Board may grant a license authorizing - a the development or management or both of a free zone; or b the carrying free zone act ghana of a free zone act ghana, business or industry within the free zone.

Section - 13 - Rights and Responsibilities of a Free Zone Enterprise.

Conditions of license The Board may attach to a license such conditions thinks appropriate concerning employment skills, job opportunities and degree of export orientation. Revocation i The Board may revoke a license where it is free zone act ghana that there has been a breach of condition attached to the license.

FREE ZONE ACT GHANA EBOOK DOWNLOAD

Register i The Board shall establish and maintain a register of licenses granted under section 16 of this Act. Transfer of license No licensee shall transfer a license issued in respect of it to any other person without the prior approval of the Board. Non-application of import laws to free zones The Laws for the time being in force relating to the importation and exportation of goods and services other than consumer goods for commercial purposes shall not apply to - a the bringing of goods directly from a country outside Ghana into a free zone act ghana zone; or b the dispatch of goods for export out of a free zone to a country outside Ghana, except in so far as such laws are made applicable by free zone act ghana made under this Act.

  • Legal Guide to Free Zones in Ghana – Centurion Law Group
  • Ghana. THE FREE ZONE ACT,

Exemption from taxes of imports into free zone areas The imports of a free zone developer, sub-contractor or enterprise into a free zone single-factory zone shall be exempt from direct and indirect taxes and duties.

Sales in national customs territory i The Minister may by legislative instrument authorize the sale of up to 30 percent of the annual production of goods free zone act ghana services of a free zone and single factory zone enterprise to the national customs territory.

Free Zone Act - GhanaLegal - Legal Portal for Ghana

Sales from national customs territory to free zone act ghana zones i Sales of goods and services by a domestic enterprise from the national customs territory to enterprises in the free zone and single-factory zone free zone act ghana be considered as exports.

A free zone or free port is declared on the recommendation of the FZB and the declaration must be published in the Commercial and Industrial Bulletin. Currently, there are four export processing zones: The Boankra Inland Freeport is under development, along with a major oil and gas free port at Atuabo.



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