Conditions for obtaining service

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Notes

1.        In the event of availability of plots of land in the Free Zones, which are prepared for lease, such land may be leased by adopting the following steps:

a.        Submit a lease application as follows:

1.         The submitted application shall show the required area and purpose of investment (for commercial or industrial purposes), stating the address of the applicant. The application should be recorded in the Free Zones Corporation Registry.

b.        The following shall be attached with the application:

1.        Certificate of Registration of a company or an establishment authenticated in the same year, a recently certified copy (if the investor is a corporate person, company or an establishment).

2.        Copy of the civil affairs identification card of the investor or authorized signatory on the lease form.

3.        If the project proposed to be established in the Free Zone is industrial, then an economic feasibility study of the project shall be attached.

2.        The lease application shall be reviewed by the Directorate of Investors Services or Investment Division in the concerned Free Zone, which after it is studied shall be referred to the Director General with the proper recommendation, taking into account availability of land and consistency of the proposed project with the Corporation’s objectives.

3.        The Director General shall issue his/her approval or disapproval decision upon the recommendation of Director of the Investors Services and the director of the concerned Free Zone, and the investment applicant shall be notified by telephone or in writing.

4.        If the decision is positive, the investor shall be requested to report to the Directorate of Investors Services for duly completing the lease proceedings, namely:

a.        Inform the investor of the available land, and prepare, after his/her acceptance, a verbal handover process which will be signed by the investor and employee (surveyor) of the Technical Directorate and approved by the Technical Manager in the Corporation or his/her delegate.

b.        The investor undertakes the following:

1.        Pay in advance the annual lease, stamp fees and university fees for the allocated land.

2.        Obtain a license for the investment activity according to the rules of the Licenses Division of the Directorate of Investors Services.

3.        Present a guarantee for implementation of the lease contract articles, which may be either by a notarial guarantee, a bank guarantee, a financial transfer in regard to the commercial projects (or personal undertakings in regard to the industrial projects and commercial projects with construction made by the investors).

4.        If the presented guarantee is a financial transfer (cheque), the investor shall sign a special form authorizing the Director General to insert the cheque’s date and pay it in case the investor defaults in paying the annual wage allowances in the future.

5.        Submit an undertaking to utilize the plot within (3) months from date of take over.

c.     Prepare a lease contract to be signed by the investor, then referred for signature by the Director General. Copies of the lease contract signed by the Director General shall be distributed: a copy to the Investor, a copy for the investor’s file at the Directorate of Investor Services and a copy to the concerned Free Zone.

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Required Documents

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