EXPORT PROCESSING ZONES ACT: SUBSIDIARY LEGISLATION

INDEX TO SUBSIDIARY LEGISLATION

Export Processing Zones (Licensing) Regulations

EXPORT PROCESSING ZONES (LICENSING) REGULATIONS

[Section 41]

[Currency mentioned in this regulation should be re-denominated as stipulated under S 4 of Re-denomination Act, 2012, read with S 29 of Bank of Zambia Act, 1996.]

Arrangements of Regulations

Regulation

   1.   Title

   2.   Interpretation

   3.   Application

   4.   Application for permit

   5.   Application for licence

   6.   Requirement of further information

   7.   Determination of application

   8.   Duration of permit or licence

   9.   Annual fees

   10.   

      SCHEDULE

SI 34 of 2003.

 

1.   Title

These Regulations may be cited as the Export Processing Zones (Licensing) Regulations, 2003.

 

2.   Interpretation

In these Regulations unless the context otherwise requires–

“Authority” means the Zambia Export Processing Zones Authority;

“Board” means the Zambia Export Processing Zones Authority Board;

“Developer” means a person who holds a permit issued pursuant to section 17 of the Act;

“Investor” means the holder of an export processing licence issued pursuant to section 20 of the Act;

“licence” means an export processing licence granted pursuant to section 20 of the Act; and

“Permit” means a permit granted to a developer pursuant to section 20 of the Act.

 

3.   Application

These Regulations shall apply to Export Processing Zones in the following sectors:

      (a)   agriculture;

      (b)   agro-processing; and

      (c)   manufacturing.

 

4.   Application for permit

   (1) An application for a developer’s permit shall be in form EPZ 1 set out in the Schedule to these Regulations.

   (2) An application for a permit shall be accompanied by a non-refundable application fee of 7,500 fee units and the following documents:

      (a)   a certified copy of the article of association;

      (b)   a certified copy of the certificate of incorporation;

      (c)   a certified copy of the certificate of share capital

      (d)   a certified copy of the applicant company’s certificate of minimum share capital;

      (e)   a copy of the latest annual report and audited financial statements if the applicant company has been in operation for more than one year;

      (f)   a copy of projected financial statements, if the applicant company has been recently incorporated;

      (g)   a detailed business plan;

      (h)   a certified photocopy of the passport or National Registration Card showing the nationality and place and date of birth of the person named as a Director or Secretary of the company in the application for incorporation; and

      (i)   a plan of the proposed facilities drawn to scale showing–

      (i)   the full extent of the area to be developed as an export processing zone;

      (ii)   any servitude or building restrictions; and

      (iii)   the proposed or existing layout of the facilities.

 

5.   Application for licence

   (1) An application for a licence to invest in an export processing zone shall be in Form EPZ 2 set out in the Schedule to these Regulations.

   (2) An application for a licence shall be accompanied by a non-refundable application fee for 7,500 fee units and the following documents:

      (a)   memorandum and articles of association of the applicant company;

      (b)   a copy of the certificate of incorporation;

      (c)   a certified copy of the certificate of share capital certificate;

      (d)   a copy of the applicant company’s certificate of minimum share capital;

      (e)   a copy of the latest annual report and audited financial statements if the applicant company has been in operation for more than one year;

      (f)   a copy of projected financial statements, if the applicant company is recently incorporated;

      (g)   a copy of a detailed business plan;

      (h)   a certified copy of the passport or National Registration Card showing the nationality and the place and date of birth of the person named as Director as secretary in the application for incorporation.

 

6.   Requirement of further information

The Board may require, from a person who has lodged an application for a permit or a licence under these Regulations, such further information as the Board may consider necessary.

 

7.   Determination of application

   (1) The Authority shall, within 30 days of receiving an application for a permit or licence, consider the application.

   (2) Where the authority is satisfied that the applicant has complied with the requirements of these Regulations, the Authority shall approve the application and may refuse to approve the application where the Authority is not so satisfied.

   (3) The Authority shall, immediately after the expiration of the period referred to in sub regulation (1) inform the applicant of its decision.

   (4) Where the Authority refuses to grant a permit or licence, the Authority shall inform the applicant accordingly giving reasons for the refusal.

   (5)The Authority shall, where an application is approved by the authority issue the applicant with–

      (a)   a permit in Form EPZ 3 set out in the Schedule to these Regulations; or

      (b)   a licence in Form EPZ 4 set out in the Schedule to these regulations.

 

8.   Duration of permit or licence

   (1) A permit or licence shall, unless it is revoked or suspended, be valid for a period of 10 years from the date of issue.

   (2) An application for the renewal of a permit or a licence shall be made to the Authority six months prior to the expiration of a permit or licence issued under these Regulations.

   (3) A non-refundable fee of seven thousand five hundred fee units shall be payable on the renewal of a permit or a licence.

   (4) A permit or licence shall lapse if not renewed in accordance with the provisions of these Regulations.

   (5) A permit or licence may be issued subject to such terms and conditions the Authority may determine.

   (6) A permit or licence renewed under this Regulation shall be valid for a period not exceeding five years.

 

9.   Annual fees

   (1) An investor shall pay to the authority an annual licence fee of 36,112 fee units for each year during the licence is valid.

   (2) A developer shall pay to the Authority an annual permit fee of 72,023 fee units for each year during which the permit remains valid.

 

10.   

   (1) A developer shall begin to implement the project described in the permit within one year of obtaining the permit.

   (2) Subject to section 24 an investor shall begin to implement the investment described in the licence within one year of obtaining the licence.

SCHEDULE

[Regulations 4, 5 and 7]

ZAMBIA EXPORTING PROCESSING ZONES AUTHORITY

FORM EPZ 1

APPLICATION FOR AN EXPORT PROCESSING ZONE DEVELOPMENT’S PERMIT

PART 1

Developer’s background

1. Application’s name:……………………………………………………………………………………………

…………………………………………………………………………………………………………………………………..

2. Postal address:…………………………………………………………………………………………………..

………………………………………………………………………………………………………………………………….

………………………………………………………………………………………………………………………………….

3. Physical address:……………………………………………………………………………………………….

……………………………………………………………………………………………………………………………………

…………………………………………………………………………………………………………………………………..

4. Telephone numbers:………………………………. Fax number…………………………………….

5. E mail address:…………………………………………………………………………………………………..

6. Registered office address:........................................................................

7. Date of registration:...............................................................................

8. Origin of investment funds:.....................................................................

9. Business of investing company:...............................................................

10. Business proposed for Export Processing Zone:......................................

.......................................................................................................

11. Proposed date of commencement of operations:......................................

..........................................................................................................

<FT:Calibri,SN>Particulars of Directors

Name 

Passport/NRCNumber 

Nationality 

Telephone No.
Fax No. 

E-mail Address 

Residential Address 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

<FT:Calibri,SN>Details of Shareholders

Name 

Nationality 

per cent Share holding 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PART 2

Details of the Proposed EPZ Project

Investment proposed in EPZ During the 1stthree years

 

Year One 

Year Two 

Year Three 

 

ZMK 

US$* 

ZMK 

US$* 

ZMK 

US$* 

Equity contribution 

 

 

 

 

 

 

(a) Local 

 

 

 

 

 

 

(b) Foreign 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUB-TOTAL 

 

 

 

 

 

 

Other sources of funds 

 

 

 

 

 

 

Loan 

 

 

 

 

 

 

Other (specify) 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUB-TOTAL 

 

 

 

 

 

 

TOTAL INVESTMENT 

 

 

 

This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article.


 
 

Popular Tags