Salient fea­tures of the Mal­dives Spe­cial Eco­nomic Zone (SEZ) Act 2014

Southasia - - REGION MALDIVES -

The SEZ Act 2014 reg­u­lates the clas­si­fi­ca­tion, es­tab­lish­ment, man­age­ment, in­vest­ment and in­cen­tives to de­vel­op­ers and in­vestors of in­de­pen­dent business zones. It al­lows an in­creased in­vest­ment pe­riod and in­cen­tives as well as le­gal pro­tec­tion to cre­ate a much de­sired eco­nomic en­vi­ron­ment in the Mal­dives. It al­lows own­er­ship of land for up to 99 years by for­eign­ers and tax ex­emp­tions for 10 years.

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