August 25, 2021
The Freeport Act
The main changes in the Freeport Act are:
- to authorize a third party freeport developer to rent space within a freeport zone to an enterprise outside the freeport zone for the manufacturing and storage of goods, subject to clearance of goods from the Director-General under the Customs Act.
- The word open storage has been replaced by open storage and display showroom under the list of activities under the Freeport
- The following item has been added to the third schedule:
|
Freeport activities |
Authorisation to a third party freeport developer to rent space to an enterprise outside the freeport zone for the manufacturing and storage of goods |
With the right to rent space to an enterprise outside the freeport zone for the manufacturing and storage of goods |
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