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  • The word open storage has been replaced by open storage and display showroom under the list of activities under the Freeport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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