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Special Economic Zones Act, 2014 (Act No. 16 of 2014)

Chapter 1 : Definitions, Objects and Application

2. Objects of Act

 

The objects of this Act are to provide for—

(a) the determination of Special Economic Zones policy and strategy;
(b) the establishment of the Advisory Board;
(c) the establishment of the Special Economic Zones Fund to support the development of Special Economic Zones;
(d) the designation, promotion, development, operation and management of Special Economic Zones;
(e) regulatory measures and incentives for Special Economic Zones in order to attract domestic and foreign direct investment; and
(f) the establishment of a single point of contact or one stop shop that delivers the required government services to businesses operating in Special Economic Zones in order to lodge applications to various government authorities and agencies and to receive information on regulatory requirements from such authorities and agencies.