Highlights of Free Zone Act (FZA)

  • The FZA allows for production, manufacturing, and services, including financial services.
  • Exemption from taxes of import into free zone area.
  • Exemption from taxes on profits for 10 years.
  • Up to 30% of the annual production can be sold in the national customs zone.
  • A foreign investor may take hold of 100% of shares in free Zone property.
  • Income tax after 10 years shall not exceed 8%.
  • Foreign and domestic investors shall have equal status.
  • No Nationalization or expropriation within a free zone.
  • Free Zone enterprises shall have ability to hold a foreign currency account.

Contract negotiations and terminations determined by the free zone enterprise.

 

For more information, please visit the following link: http://www.gfzb.com.gh/