Gambian Business Investments
Investing inside the Free Zones: Zone Operators
The following are specific requirements for Zone Operators:
- To provide evidence of being endowed with the necessary
expertise required to manage and administer all or any
part of a free zone as determined by GIPFZA.
- Submission of suitable operational plans.
- Prove that the operations proposed are commercially
viable and have adequate equity base.
Business Investments in Gambia
Investing inside the Free Zones: Zone Enterprises
The following are specific for Zone Enterprises:
- Be registered as business entities authorized to do
business in The Gambia;
- Engage in at least one activity eligible to be undertaken
by a zone enterprise within the Zone and that the activity
does not have a deleterious impact on the environment
or public health;
- Submit evidence that trade, business or industry to
be carried on within the Free Zone is primarily for export
outside The Gambia;
- Venture proposed must have adequate equity base and
be commercially viable; Submit a suitable development
plan;
- Have the potential to create employment for the citizens
of The Gambia within the Zone and will increase output
and value added to boost the Gambian economy
Gambian Business Investments
Investing inside the Free Zones: Zone Developers
Zone Developers must, in addition, fulfill the following:
- Attach engineering designs and studies of buildings
and infrastructure, together with the timeframe for their
erection, and thereafter maintenance of facilities as
per agreed maintenance plan. Designs should make provision
for the movement of persons, conveyances, vessels and
goods entering or leaving the Zones.
- Developers of single factory or stand-alone free zones
should provide adequate enclosure to segregate the free
zone areas from the national customs territory.
- Strategy for intervention in the Free zones must be
specified, i.e. whether to operate simultaneously as Zone
Operators; form joint ventures or partnerships; or sublease
the management of such facilities out to individual Zone
Operators.
- Commitment to keep and maintain adequate and proper
accounts and other records in relation to the business
in the English language, and to report to the Agency annually.
- Provide in the Zones at the Developer's own expenses
and free of charge, adequate facilities and offices for
personnel of the Agency, Customs and Excise Department
and other officials of Government agencies whose presence
is necessary in the Zones to ensure compliance with the
Free Zones Act and other laws of The Gambia.
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