New Amendment Draft Law for Free Ports and Zones Published in Official Gazette
The Free Port and Zone (Amendment) Bill has been officially published in the Official Gazette and is now open for public review and feedback. Individuals and legal entities are encouraged to submit their opinions and suggestions on the Draft Law to the Speaker of the Parliament within the next twenty days.
The main objectives of the Draft Law are to redefine the requirements for obtaining an operating permit within the Free Port and Zone, update the fees to be collected, and establish regulations for entities registered in the area without physical spaces or offices. Additionally, the legislation intends to set a deadline for fee payments and specify the method of depositing these fees.
This bill is a significant step towards enhancing the operations and regulations within the Free Port and Zone, aiming to streamline processes and ensure compliance with the latest standards and practices. Stakeholders are urged to take this opportunity to provide their feedback and contribute towards the improvement of these regulations.
