Trade-Industrial Free Zones

Incentives and advantages for investment in Trade-Industrial Free Zones

1. Tax exemption for 20 years from the date of operation for all economic activities
2. Foreign investment and nearly a hundred percent of the amount invested.
3. Freedom of entry and exit of capital and profits
4. Protection and guarantees for foreign investments.
5. Abolition of entry visas and easily issueance of residence permits for foreigners.
6. Facilitated regulation on labor relations, employment and social security.
7. Transfer of parts manufactured goods to the mainland without paying customs duties.
8. Elimination of customs duties on imports from outside to the region and vice versa.
9. Employing trained and skilled manpower in all different skill levels and professions.
10. Utilization of raw materials, oil and gas as feedstock and fuel for all industrial activities.

Source: OIETAI