SPECIAL ECONOMIC ZONES
CHAPTER 39:09SPECIAL ECONOMIC ZONES ARRANGEMENT OF SECTIONS SECTION PART IPRELIMINARY 1. Short title 2. Interpretation 3. Objects of the Act PART IIADMINISTRATION 4. Designation of Special Economic Zones Authority 5. Functions of the Authority 6. Powers of the Authority 7. Special Economic Zones Committee 8. Delegation by the Authority PART IIIDECLARATION AND OBJECTS OF SPECIAL ECONOMIC ZONES 9. Objects of special economic zones 10. Type and nature of special economic zones 11. Criteria for declaring special economic zones 12. Declaration of special economic zones 13. Prohibition of private use of special economic zone land PART IVLICENSING OF SPECIAL ECONOMIC ZONES 14. Licensing of special economic zones developers 15. Licensing of special economic zones operators 16. Licensing of special economic zones enterprises 17. Amendment of licences 18. Suspension and revocation of licences 19. Transfer of licences 20. Assignment of rights or interests in licences 21. Register of licenses, etc. 22. Notice to minister responsible for finance Commissioner General of Malawi Revenue Authority 23. Publication of licences PART VSPECIAL ECONOMIC ZONES LAND AND SITE DEVELOPMENT 24. Allocation of land for special economic zones 25. Land use 26. Dedicated desk officers 27. Special economic zones facilities 28. Rights and obligations of a special economic zone developer PART VITAX AND NON-TAX RELATED RIGHTS AND BENEFITS OF SPECIAL ECONOMIC ZONE ENTITIES 29. Tax related benefits 30. Additional fiscal and non-fiscal benefits 31. Non-tax related benefits of special economic zone enterprises 32. Non-tax related rights and benefits of special economic zone developer PART VIICUSTOMS AND EXCISE 33. Goods to be considered exported from, and imported into, Malawi 34. Goods and services within special economic zones 35. Handling of goods in special economic zones 36. Movement of goods within special economic zone premises 37. Application to remove goods from special economic zone premises 38. Date of removal of goods from special economic zones 39. Missing dutiable goods 40. Determination of duty and rules of origin 41. Exemptions from quotas or other restrictions on imports or exports 42. Sell or export of goods imported for licensed activities 43. Certain goods not to be taken into special economic zone PART VIIIWORK PERMITS, RESIDENCY AND OTHER OPERATIONS WITHIN SPECIAL ECONOMIC ZONES 44. Special economic zones one-stop centre 45. Special economic zones employment permits 46. Special economic zone residency and business operations by non-special economic zone enterprises 47. Regulation of retail trade in special economic zones 48. Essential facilities in special economic zones 49. Disposal of abandoned property PART IXBANKING AND INSURANCE SERVICES 50. Banking activities 51. Restrictions on borrowing and movement of money 52. Payments for goods or services 53. Foreign currency denominated accounts and payments in foreign currency 54. Insurance business PART XSPECIAL ECONOMIC ZONES FUND 55. Establishment of Special Economic Zones Fund 56. Object of the Fund 57. Application of the Fund PART XIMISCELLANEOUS 58. Licensee to notify the Authority on failure to implement investment 59. Annual reports 60. Fees 61. Levy 62. Prohibition of unauthorized disclosure of information 63. Protection from liability 64. Power to request for documentation 65. Identity cards 66. Administrative penalties 67. Some special economic zones to be exempted from application of this Act 68. Liability of directors of bodies corporate 69. Offences and penalties 70. General penalties 71. Penalties for continuing offences 72. Regulations SCHEDULE 8 of 2024G.N. 14/2024 An Act to make provision for the declaration, designation, promotion, establishment, development, operation and regulation of special economic zones; promotion and facilitation of foreign and local investment in special economic zones; designation, powers and duties of a special economic zones Authority; and matters incidental thereto PART IPRELIMINARY 1. Short title This Act may be cited as the Special Economic Zones Act. 2. Interpretation In this Act, unless the context otherwise requires— “Authority” means the Malawi Investment and Trade Centre established under section 3 of the Investment and Export Promotion Act; “company” has the meaning ascribed to that term under the Companies Act and includes a foreign-registered company; “customs territory” means the geographical area of Malawi but does not include a special economic zone; “duty” has the meaning ascribed to that term under the Customs and Excise Act; “Fund” means the Special Economic Zones Fund established under section 55; “goods” means all kinds of wares, articles, merchandise, animals, matter, baggage, stores, materials, and includes— (a) postal items other than personal correspondence; and (b) the proceeds of sale of any goods sold under this Act; “infrastructure” means a road, power plant, water plant, drainage system, telecommunication plant, sanitation and water treatment plant, networks and a building and other facilities, necessary for the development and operation of a special economic zone; “Malawi Revenue Authority” means the Malawi Revenue Authority established under section 8 of the Malawi Revenue Authority Act; “Registrar” means the Registrar of Financial Institutions appointed under the Financial Services Act; “services” means tradable services which…