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Laws of the Federation
NIGERIA EXPORT PROCESSING ZONES ACT
ARRANGEMENT OF SECTIONS
Supplementary provisions relating to the Authority
Transfer of assets and liabilities, etc.
Duty free articles
An Act to provide for the establishment of the Nigeria Export Processing Zones and for matters connected therewith.
[19th November, 1992] [Commencement.]
(1) The President may from time to time, by order, upon the recommendation of the Nigeria Export Processing Zones Authority established under this Act, designate such area as he thinks fit to be an export processing zone (in this Act referred to as “a Zone”).
(2) The Zone established pursuant to subsection (1) of this section, may be operated and managed by a public, private or a combination of public and private entity under the supervision of and with the approval of the Nigeria Export Processing Zones Authority established by section 2 of this Act.
(3) Every order made pursuant to subsection (1) of this section, shall specify the limits of the area designated and ascribe a name to that Zone.
(4) The Nigeria Export Processing Zones Authority may from time to time, by order, amend, vary or add to the limits of a Zone or change the name of a Zone.
(5) An order made under subsection (3) of this section shall not affect an approved enterprise existing before the commencement of the order.
(1) There is hereby established for the Nigeria Export Processing Zones, an authority to be known as the Nigeria Export Processing Zones Authority (in this Act referred to as “the Authority”).
(2) The Authority shall be a body corporate, with perpetual succession and a common seal and may sue and be sued in its corporate name and shall be capable of acquiring, holding or disposing of any property, movable or immovable, for the purpose of carrying out its functions.
(1) There shall be for the Authority a governing Board which shall consist of a chairman to be appointed by the President on the recommendation of the Minister and the following other members, that is to say-
(a) a representative each from the following Federal Ministries, that is-
(ii) Culture and Tourism;
(iii) Industry; and
(iv) Science and Technology;
(b) the Comptroller-General of Customs or his representative not below the rank of an assistant director;
(c) the Managing Director of the Nigerian Ports Authority or his representative not below the rank of a deputy director;
(d) one representative each from the following bodies, that is-
(i) the Nigerian Association of Chambers of Commerce, Industries, Mines and Agriculture;
(ii) the Manufacturers Association of Nigeria; (iii) the Association of Nigerian Exporters;
(e) two persons to be appointed by the Minister from the private sector who shall be persons possessing practical experience in industry, commerce, finance, ex- port promotion and other related fields;
(f) a representative of the Central Bank of Nigeria not below the rank of a Director; and
(g) the managing director of the Authority.
(2) A member of the Board other than ex-officio member shall, subject to the provisions of this Act, hold office for a period of four years from the date of his appointment as a member and shall be eligible for reappointment for one further period of two years and thereafter he shall no longer be eligible for reappointment.
(3) Notwithstanding subsection (2) of this section, the President may on the recommendation of the Minister require any member to vacate his office if his continued membership will not be in the interest of the Authority.
(4) Any member of the Board other than an ex-officio member may by notice in writing to the Board resign his appointment.
(5) The supplementary provisions contained in the First Schedule to this Act shall have effect with respect to the tenure of office of the members and the proceedings of the Board and other matters relating to the Board.
In addition to any other functions conferred on the Authority by this Act, the functions and responsibilities of the Authority shall include-
(a) the administration of the Authority and management of all the Export Processing Zones;
(b) the approval of development plans of the Authority and the Zones’ annual budgets in respect of infrastructures, administrative buildings, promotion of Zones, the provision and maintenance of services and facilities;
(c) the establishment of customs, police, immigration and similar posts in the Zones;
(d) the supervision and coordination of the functions of various public sector and private sector organisations operating within the Zones and resolving any dispute that may arise amongst them;
(e) the resolution of trade disputes between employers and employees in the Zone, in consultation with the Federal Ministry of Employment, Labour and Productivity;
(f) the adaptation of investment promotion strategies in the Zones, including the opening of investment promotion offices abroad;
(g) the recommendation to the Federal Government of additional incentive measures for the Zones;
(h) the establishment and supervision of zonal administrations for the purpose of managing the Zones and the grant of all requisite permits and licences to approved enterprises.
(1) There shall be for the Authority a managing director who shall be the chief executive and shall be appointed by the President on the recommendation of the Minister.
(2) The managing director shall be responsible for-
(a) the preparation of plans, annual programmes and budget;
(c) the development of strategies for the promotion of the Zones inside and out- side the country;
(d) the implementation of the approved plans, programmes and budgets;
(e) the day-to-day administration of the Authority.
(3) Without prejudice to the generality of subsection (1) of this section, the Authority shall have power to-
(a) appoint a secretary who shall be qualified to practice as a legal practitioner in Nigeria and has been so qualified for not less than ten years;
(b) pay the employees such remuneration and allowances as it may, from time to time, determine;
(c) pay the employees such pensions and gratuities as are payable to persons of equivalent grades in the public service of the Federation.
(1) Subject to subsection (2) of this section, the activities specified in the Third Schedule to this Act shall be approved activities for the purposes of this Act.
(2) The Authority may, from time to time, prescribe the activities which may be carried on in a Zone, and for this purpose may, by order, amend the Second Schedule to this Act.
The President or Governor of a State respectively may, by order, transfer to the Authority, any property belonging to the Federal or State Governments respectively which appears to be necessary or expedient to the Authority in carrying out its functions under this Act and such property shall vest in the Authority by virtue of the order and without further assurance.
Approved enterprises operating within a Zone shall be exempted from all Federal, State and Government taxes, levies and rates.
(1) Any enterprise which proposes to undertake an approved activity within a Zone, shall apply to the Authority in writing for permission to do so and shall submit such documents and information in support of its application as the Authority may require.
(2) Subject to the provisions of this Act, the Authority may grant, subject to such terms and conditions as it thinks fit, approval for an enterprise to undertake the approved activity specified in its application brought under subsection (1) of this section.
(3) For the purposes of this section, “approved activity” means any of the activities specified in the Third Schedule to this Act.
(1) The Authority may grant a licence for any approved activity in a Zone to an individual or business concern whether or not the business is incorporated in the customs territory.
(2) The grant of a license by the Authority shall constitute registration for the purposes of company registration within the Zone.
(3) A licensed company operating within a Zone and undertaking an approved activity shall notify the Authority of any purchase, assignment or transfer of shares in the company, except where the company’s shares are quoted and are freely transferable on any international Stock Exchange.
(4) The Authority shall by order, from time to time, prescribe the regulations governing the Zone.
(1) Where an approved enterprise operating in a Zone supplies goods and services to customers within the customs territory, that enterprise shall be entitled to receive payment for such goods and services in foreign currency and for the purposes of such payment, the normal rules and regulations applicable to importation of goods and services into Nigeria and repatriation of the proceeds of sales or services shall apply.
(2) Where a person within the customs territory supplies goods and services to an approved enterprise established within a Zone, that person shall be entitled to receive payment for such goods or services in foreign currency and the rules and regulations applicable to export from Nigeria and the repatriation of proceeds from sales or services shall apply.
(1) The Authority and any approved enterprise shall be entitled to import into a Zone, free of customs duty, any capital goods, consumer goods, raw materials, components or articles intended to be used for the purposes of and in connection with an approved activity, including any article for the construction, alteration, reconstruction, extension or re- pair of premises in a Zone or for equipping such premises.
(2) For the purposes of this section, articles for equipping premises shall be deemed to include equipment for offices and other ancillary facilities necessary for the proper administration of the premises and for the health, safety, hygiene and welfare of the premises and of persons employed therein.
(3) The Authority may by order, amend or vary the articles specified in the Fourth Schedule to this Act.
(4) All goods brought into a Zone shall be consigned-
(a) to the Authority or to an approved enterprise and the goods may, with the approval of the Authority, be transferred from one approved enterprise to another or from the Authority to an approved enterprise or from an approved enterprise to the Authority; or
(b) without prejudice to the provisions of subsection (2) of this section, to a bank acting on behalf of any party to a transaction involving the Authority or an approved enterprise.
(5) The Authority may take such steps as it deems necessary to preserve goods within a Zone, whether by moving the goods from one place to another or by storing the goods and where any expenses are incurred by the Authority in so doing, the owner or con- signee of the goods shall reimburse the Authority for the expenses.
(6) Subject to the provisions of this Act and any regulations made there under, goods brought into a Zone pursuant to this section may-
(a) unless otherwise directed by the Authority, be stored, sold, exhibited, broken up, packed, graded, cleaned, marked, re-marked, loaded, unloaded, reloaded, divided, mixed, separated or otherwise manipulated; or
(b) be worked, processed or reprocessed or otherwise manipulated or manufactured; or
(c) be consumed if the goods are meant for consumption in the Zone, unless otherwise directed by the Authority; or
(d) subject to subsection (7) of this section, be removed from a Zone or sent into the customs territory, whether as originally packed or otherwise; or
(e) subject to any enactment pertaining thereto, be destroyed.
(7) Where any goods which are dutiable on entry into the customs territory are sent from a Zone into the customs territory, the goods shall be subject to the provisions of the Customs, Excise Tariff, etc. (Consolidation) Act and any regulations made thereunder, and if the goods are intended to be disposed of in the customs territory shall not be re- moved from the Zone unless-
(a) the consent of the Authority has been obtained; and
(b) the relevant customs authorities are satisfied that all import restrictions relevant thereto have been complied with and all duties payable in connection with the importation thereof into the customs territory have been paid.
(8) Samples of goods being taken into the customs territory shall be subject to the provisions of subsection (6) of this section, except in cases where the relevant customs authority is satisfied that such goods are of no commercial value.
(9) Where goods are brought from the customs territory into a Zone for the purposes of an approved activity the goods shall be deemed to be exported.
(l0) The Pre-Import Inspection Scheme shall not apply to imports of goods into the Zones for use by approved enterprises in the Zones.
(1) No person shall enter, remain in or reside in a Zone without the prior permission of the Authority.
(2) Any person who contravenes the provisions of subsection (I) of this section shall have his permit revoked by the Authority.
(1) No retail trade shall be conducted within a Zone without the prior approval of the Authority and which may be subject to such terms and conditions as may be imposed, from time to time, by the Authority.
(2) Any person who contravenes the provisions of subsection (1) of this section or of a term or condition imposed pursuant to that subsection shall have his licence revoked by the Authority.
(1) An approved enterprise which imports into a Zone an article with a benefit in respect of customs duty under the provisions of this Act shall-
(a) keep such records of the articles so imported in such forms and containing such particulars as may be required by the Authority;
(b) cause the articles to be marked with such mark and in such manner as may be required by the Authority;
(c) permit the Authority or a person authorised by the Authority at all reasonable times-
(i) to inspect the records relating to those articles; and
(ii) to have access to any factory, warehouse, assembly plant or other premises under the control of the approved enterprise, for the purpose of examining the article which the Authority believes to be therein and of satisfying itself of the accuracy of the particulars in relation to the article contained in such records.
(2) Any person who contravenes the provisions of subsection (I) of this section is guilty of an offence.
(a) firearms and ammunition, other than by members of the Nigeria Police Force or the armed forces of the Federation or by security agencies employed to work in a Zone in the course of their duties or by such other persons as may be authorised by the Authority;
(b) dangerous explosives, without prior approval of the Authority;
(c) petrol, inflammable materials, hazardous cargoes or oil fuels, other than in such quantities and on such terms and conditions as may be prescribed by the Authority;
(d) goods which the Authority by order has imposed specific or absolute prohibition on their importation into a Zone.
(2) Any person who contravenes the provisions of subsection (1) of this section is guilty of an offence.
Export of goods from a Zone to the customs territory shall, except as otherwise pre- scribed by or pursuant to this Act, be subject to the same customs and licensing requirements as apply to goods imported from other countries.
(1) Approved enterprises within the Zones shall be entitled to the following incentives-
(a) legislative provisions pertaining to taxes, levies, duties and foreign exchange regulations shall not apply within the Zones;
(b) repatriation of foreign capital investment in the Zones at any time with capital appreciation of the investment;
(c) remittance of profits and dividends earned by foreign investors in the Zones;
(d) no import or export licences shall be required;
(e) up to 25% of production may be sold in the customs territory against a valid permit and on payment of appropriate duties;
(f) rent-free land at construction stage; thereafter rent shall be as determined by the Authority;
(g) up to 100% foreign ownership of business in the Zones allowable;
(h) foreign managers and qualified personnel may be employed by companies operating in the Zones.
(2) The Authority shall be the only agency qualified to-
(a) give all approvals; and
(b) cancel all licences.
(3) The Authority shall simplify all procedure necessary for authorisation of investments in a Zone and state by order, from time to time, its requirements for the grant of authorisations for investments in a Zone.
(4) Operations within a Zone shall commence on the date when the construction of the perimeter fence and gate of the Zone has been completed and the Authority has as- sumed duties.
(5) There shall be no strikes or lock-outs for a period of ten years following the commencement of operations within a Zone and any trade dispute arising within a Zone shall be resolved by the Authority.
Where a person who is a non-Nigerian citizen is employed by the Authority or by an approved enterprise established in a Zone, upon application by the enterprise for a licence to establish itself within the Zone or at any time thereafter, the enterprise shall apply on behalf of the non-Nigerian citizen, direct to the Authority for the purpose of immigration and employment permits, in such manner as may be prescribed by the Authority.
(1) The Authority may make Staff regulations relating generally to the conditions of service of the employees of the Authority and without prejudice to the generality of the foregoing such regulations may provide for-
(a) the appointment, promotion and disciplinary control of all employees of the Authority; and
(b) appeal by such employees against dismissal or other disciplinary measures, and until such regulations are made, the regulations relating to the conditions of service of the officers in the civil service of the Federation and the provisions of the Pensions Act shall be applicable with such modifications as may be necessary to the staff of the Authority.
(2) Approved enterprises operating within the Zones shall make provisions for the pensions and gratuities for their employees.
(1) The Authority shall establish and maintain a fund which shall consist of-
(a) all moneys received from the Federal Government;
(b) proceeds from all activities, services and operations of the Authority;
(c) grants, gifts and donations made to the Authority; and
(d) such other sum as may accrue, from time to time, to the Authority.
(2) The Authority shall, from time to time, apply the proceeds of the fund established pursuant to subsection (I) of this section-
(a) to the cost of administration of the Authority;
(b) to the payment of the salaries, fees or other remuneration or allowances, pensions and gratuities payable to the officers and employees of the Authority;
(c) for reimbursing members of the Board or of any committee set up by the Board for such expenses as may be expressly authorised by the Authority in accordance with the rates approved by the President;
(d) for the maintenance of any property vested in the Authority; and
(e) for investment, maintenance of Zones, marketing, promotion, training, re- search and similar activities.
(1) The Authority shall, not later than 31 October in each year, submit to the Minister an estimate of its expenditure and income (including payments into the fund of the Authority) during the next succeeding year.
(2) The Authority shall keep proper accounts in respect of each year (and proper records in relation thereto) and shall cause its accounts to be audited within six months after the end of each year by auditors appointed from the list and in accordance with the guidelines supplied by the Auditor-General for the Federation.
(1) Except as provided under this Act, an enactment applicable in a customs territory shall apply within the Zones.
(2) The Minister may, by order published in the Federal Gazette, modify the application of any enactment which is made applicable in a Zone by subsection (1) of this section, where the enactment concerned restricts or interferes with the smooth running of the Zone or operation of licences therein.
(1) Every omission or neglect to comply with and every act done or attempted to be done contrary to the provisions of this Act or any regulations made thereunder shall be an offence and in respect of any such offence for which no penalty is expressly provided the offender shall be liable on conviction to a fine of N100,000 or to imprisonment for a term of three months or to both such fine and imprisonment.
(2) Whoever attempts to commit any offence punishable under this Act or any regulations made thereunder or abets the commission of such offence shall be punished with the punishment provided for such an offence.
(3) Where a body corporate is guilty of an offence under this Act, and that offence is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity; he, as well as the body corporate, shall be guilty of that offence and shall be liable to be proceeded against and punished accordingly.
(1) The governing board of the Nigeria Export Processing Zones Authority established by the Nigerian Export Processing Zones Act 1991 is hereby dissolved and the said Act is hereby replaced.
(2) The transitional and savings provisions in the Second Schedule to this Act shall have effect in relation to the employees, assets and liabilities of the board dissolved under this section and the other matters mentioned therein notwithstanding anything to the contrary in this Act or any other enactment.
(3) Notwithstanding subsection (1) of this section, any order made, registration effected, licence or permit issued, notice or information given, return made or other thing done under the repealed enactment which, immediately before the commencement of this Act was in force or effect, shall continue in force and have effect as if made, effected, issued, given or done under the corresponding provisions of this Act.
The Authority may, with the approval of the Minister, make regulations for the proper implementation of this Act.
In this Act, unless the context otherwise requires-
“approved activities” means activities specified in the Third Schedule to this Act;
“approved enterprise” means any enterprise established within a Zone approved by the Authority;
“Authority” means the Nigerian Export Processing Zones Authority established by section 2 of this Act;
“member” means a member of the Board and includes the chairman;
“Minister” means the Minister charged with responsibility for matters relating to trade.
SCHEDULES FIRST SCHEDULE [Section 3 (5).]
Supplementary provisions relating to the Authority Proceedings of the Board
(2) The quorum of the Board shall be eight and the quorum of any committee of the Board shall be as may be determined by the Board from time to time.
(2) At any meeting of the Board, the chairman shall preside, but if he is absent, the members present at the meeting shall appoint one of their number to preside at that meeting.
(3) Where the Board desires to obtain the advice of any person on a particular matter, the Board may co-opt him as a member for such period as it thinks fit:
Provided that a person who is a member by virtue of this sub-paragraph shall not be en- titled to vote at any meeting of the Board and shall not count towards the quorum.
(2) A committee appointed under this paragraph shall consist of such number of persons (not necessarily members of the Board) as may be determined by the Board; and a person other than a member of the Board shall hold office on the committee in accordance with the terms of his appointment.
(2) Any contract or instrument which, if made or executed by a person not being a body corporate, would not be required to be under seal may be made or executed on behalf of the Board by the chairman and the managing director or any person authorised generally or specially by the Authority to act for that purpose.
(a) directly or indirectly interested in any company or enterprise the affairs of which are being deliberated upon by the Authority; or
(b) is interested in any contract made or proposed to be made by the Authority, shall as soon as possible after the relevant facts have come to his knowledge disclose the nature of his interest at a meeting of the Board.
(2) A disclosure under sub-paragraph (1) of this paragraph shall be recorded in the minutes of the meeting of the Board and the member shall-
(a) not take part after such disclosure in any deliberation or decision of the Board with regard to the subject matter in respect of which his interest is thus disclosed;
(b) be excluded for the purposes of constituting a quorum of the Board for any such deliberation or decision.
[Section 26 (2).]
Transfer of assets and liabilities, etc.
(a) the rights, interest, obligations and liabilities of the former Authority existing immediately before the commencement of this Act under any contract or instrument, or at law or in equity apart from any contract or instrument, shall by virtue of this Act be deemed to have been assigned to and vested in the Authority;
(b) any such contract or instrument as is mentioned in sub-paragraph (a) of this paragraph shall be of the same force and effect against or in favour of the Authority and shall be enforceable as fully and effectively as if instead of the former Authority the Authority had been named therein or had been a party thereto; and
(c) the Authority shall be subject to all the obligations and liabilities to which the former Authority was subject immediately before the commencement of this Act and all persons shall, as from the commencement of this Act have the same rights, powers and remedies against the Authority as they had against the former Authority immediately before the day.
[Sections 6 (2), 9 (3).]
[Section 12 (3).] D
uty free articles
List of Subsidiary Legislation
CUSTOMS TARIFF (EXEMPTION) ORDER [S.1. 18 of 2001.]
under section 24 (2)
[17th January, 200I] [Commencement.]
All goods consigned to all the Export Processing Zones and export processing factories shall be imported into Nigeria duty free from the commencement of activities by the Export Processing Zone or export processing factory.
The First Schedule to the Customs, Excise Tariff, etc. (Consolidation) Act is accordingly modified.
This Order may be cited as the Customs Tariff (Exemption) Order 2001.
FREE ZONES (MONITORING AND REGULATION, ETC.) ORDER
[S.1. 3 of 2002.]
[under section 24 (2)]
[1st January, 2001] [Commencement.]
(1) As from the commencement of this Order, the Authority shall have power to regulate and monitor the management of Free Zones in Nigeria shall be vested in the Authority and it shall include power to-
(a) licence all Free Zones located within the Territory of Nigeria;
(b) formulate and publish, from time to time, all operating standards to be observed in the Free Zones;
(c) co-ordinate the functions of various public sector organisations operating within the Free Zones and resolve any dispute that may arise amongst them;
(d) issue, from time to time, certificates of valuation of assets or investments with effect from the date of establishment of the Free Zones which shall serve as instruments of ownership of assets or investments in the Free Zone;
(e) issue licences to members of the organised private sector providing services within the Free Zone;
(f) recommend to the Minister additional incentive measures for the purpose of promoting economic activities within the Free Zones.
(2) Notwithstanding the provisions of sub-paragraph (1) of this paragraph, the Authority, upon satisfaction that an export oriented factory, whether agricultural or horticultural, or specialised shopping enterprise operating within a customs territory has adequate facilities and is reasonably accessible for monitoring and audit purposes, may recommend to the Minister that it be granted a sub-zone status.
(3) The Authority shall ensure the establishment and supervision of zonal administration for the purposes of monitoring licensed zones and such other similar organisations that provide services to the Free Zones.
A Free Zone established pursuant to subsection (1) of section I of the Act shall operate and manage such funds accruing to it from activities in the Free Zones and apply the proceeds for the payment of the salaries, fees or other remunerations or allowances, pensions and gratuities payable to its officers and employees.
In this Order, unless the context otherwise requires-
“Act” means the Nigeria Export Processing Zones Act 1992;
“customs territory” means the Federal Republic of Nigeria;
“sub-zone status” means export processing factories privately or publicity owned export, orientated industry which is located anywhere within the customs territory and has a sub-zone status.
This Order may be cited as the Nigeria Export Free Zones (Monitoring and Regulation) Order 2002.
FREE ZONES (TARIFFS AND OTHER CHARGES) ORDER
[under section 24 (2)
[17th January, 2001] [Commencement.]
All products manufactured or assembled, pre-packaged and sold in the Free Zones in Nigeria shall be registered in accordance with the provisions of this Order.
The application for registration of any products manufactured, assembled, pre- packaged and sold in the Free Zones shall be sold in the customs territory subject to the tariffs and other charges prescribed by the Authority in addition to the payment of relevant taxes or levies set out in the Schedule to this Order.
Notwithstanding the provisions of paragraph 1 of this Order, the percentage of any such products or goods manufactured, assembled, pre-packaged or sold in the Free Zone shall be unlimited.
In this Order, unless the context otherwise required-
“Authority” means the Authority established by the Nigeria Export Processing Zones Authority Act 1992.
This Order may be cited as the Nigeria Export Free Zones (Tariffs and other Charges) Order 2002.
[paragraph 2.] –
|1.||Free Zone application fee||$1,000 or its naira equivalent||Application fee for the establishment of Free Zone|
|2.||Free Zone registration.||$200,000 or its naira equivalent.||This is the registration/ licensing fee payable by all Free Zones payable once and at point of licensing.|
|3.||Free Zone renewal fee.||$20,000 or its naira equivalent per annum||A yearly renewal fee by each Free Zone/EPZ. The initial registration fee for companies/individuals intending to run government-owned Free Zone.|
|4.||Management consultancy licensing fee.||$10,000.|
|5.||Management consultancy renewal fee||10% of annual licensing||Applicable in Federal Government owned Free Zones where such appointments are made.|
|6.||Facility Manager licence fee||$500 or its naira equivalent.|
|7.||Facility Manager licence renewal fee.||10% of annual licensing
|8.||Charges on revenue generating asset managers||20% of all charges made on the asset||For Free Zones promotional activities including seminars, trade fairs, exhibitions, adverts, etc.
This is if the company is not provided with any fund to manage the facilities. If they are, all revenue from the facilities shall revert to the Authority in addition to the payment of 10% of their annual fee charged by the Consultant
|9.||Administrative fee||20% of all charges made by the Managers of the Free zone||This is purely for defraying administrative costs. If it is Federal Government owned and the Management Consultant is paid, all charges will revert to the Authority in addition to|
|10.||Free Zones promotional fees||20% of promotional fees charged by Management of the Free Zone||This is charged on all Free Zones. This fee is to compliment the Authority’s promotional efforts on all Free Zones, their products, etc.|
|11.||Sub-zonal status/EPF application fee||$500 or its Naira equivalent||Payment for application form for sub-zonal status/EPF|
|12.||Sub-zonal status/EPF licensing fee||0.5% of capital outlay or $20,000 whichever is less||Licence fee to operate as Sub-zonal status/EPF|
|13.||Sub-zonal/EPF status yearly renewal fee||10% of operating licence fee||Payable once at the beginning of the year|
|14.||Sub-zonal administrative and promotional fee||0.75% of value of sales payable quarterly but not exceeding $20,000 per quarter||This is for service costs incurred in the administration of the incentives, excluding the cost of visa processing, vehicle licensing, etc. for financing promotional activities including seminars, trade fairs, product display, advertisements etc.|
|15.||Central warehousing fee||N33 per square meter wee||The minimum period for space letting shall be one week. Services available in the port of Lagos with progressive expansion to other ports|
|16.||Licensing of approved enterprises in the Free Zones by the Authority||20% of the Free Zone’s charges per annum||This will ensure the co-ordination by the Authority of all companies operating in the free zone|
|17.||Approved enterprise renewal fee||10% of the Free Zone charges per annum||This licence validates the company’s operations in the Free Zone and acts as an update of the records with the Authority|