Appeals

Any party desirous of appealing under Section 17 (7) of the Act shall file a notice to that effect with the CFZMA within fourteen (14) days of the notification of the decision appealed against. Free Zones 33 MADE by the Commercial Free Zone Management Agency by a two-thirds majority this 31st day of May, 1995. (EDWARD LONGSWORTH) Chairman Commercial Free Zone Management Agency 34 Free Zones FIRST SCHEDULE [Regulation 3] GENERAL INFORMATION FOR COMMERCIAL FREE ZONE (CFZ) DESIGNATION 1. Submit a project proposal including the following: 1. Company Profile 2. Physical master plan showing overall layout 3. Proposed construction schedule 4. Capital cost estimate 5. Staff and Management Organization 6. Five (5) year financial projections, including leasing or sale arrangement plan 7. A procedural manual describing inventory control and record keeping in accordance with internationally accepted accounting principles to be used by the Company 8. A formal cover letter of application 2. Provide copies of the Company’s: 1. memorandum of association 2. articles of association 3. certificate of incorporation 3. Provide two bank references on the Company and its partners. 4. Provide one commercial reference on the Company and its major shareholder(s). 5. Complete the enclosed form. 6. Provide any other information which the National Free Zone Agency may require. Free Zones 35 7. Enclose the required application fee of Bz.$5,000.00. APPLICATION FORM FOR CFZ DESIGNATION (a) Name of Company: ___________________________________ (b) Income Tax Tag Reg. Number: __________________________ Fax: ___________ Cable: ________ (c) Telephone:_________ (d) Registered Office Address: _____________________________ ___________________________________________________ ___________________________________________________ (e) Physical Address: ____________________________________ ___________________________________________________ ___________________________________________________ (f) General Manager: ____________________________________ (g) Legal Representative: _________________________________ ___________________________________________________ Commercial Free Zone Location: _____________________________ Classification: (a) ___________ Trading (b) ___________ Finance (d) ___________ Agro- processing (c) ___________ Manufacturing (e) ___________ Service (f) ____________ Other 36 Free Zones Description of “Other’ Date: _________________________ Signature: _____________________ Title: _________________________ Company Seal: Free Zones 37 SECOND SCHEDULE [Regulation 4 (4)] COMMERCIAL FREE ZONE CERTIFICATE OF DESIGNATION ____________________________________________________________ The parcel of land described as: ________________________________________________________ _________________________________________________________ located at ___________________________________________________ ___________________________________________________________ is hereby designated as a Commercial Free Zone under Section 5(a) of the Free Zones Act, Chapter 278. Dated this ______ day of _______________________, __________. _______________________ Commercial Free Zone Management Agency 38 Free Zones THIRD SCHEDULE [Regulation 5 (1)] GENERAL INFORMATION FOR CFZ BUSINESS 1. Provide Company’s (a) memorandum of association (b) articles of association (c) certificate of incorporation 2. Submit a project proposal or business plan and a formal letter of application. 3. Provide two bank references on the Company and its major shareholder(s). 4. Provide one commercial reference on the Company and its main shareholders. 5. Complete the enclosed application form. APPLICATION FORM FOR CFZ BUSINESS STATUS (a) Name of Company: __________________________________ (b) Income Tax Reg. Number: ____________________________ (c) Telephone: ___________ Fax:_____________ (d) Registered Office Address: ___________________________ _________________________________________________ (e) Physical Address: ___________________________________ Free Zones 39 __________________________________________________ (f) General Manager: ___________________________________ (g) Legal Representative: ________________________________ Commercial Free Zone Location: ____________________________ (a) ______________ Trading (b) _______Finance (c) ______________ Manufacturing (d) _______Agro-processing (e) ______________ Service (f) ________Other Description of “Other”: __________________________________ Labour Force: (a) Personnel needed to initiate operations: Professional: men____women___total___foreign___national____total Technical:____men____women___total___foreign___national___total Other: men____women____total____foreign____national____total (b) Personnel needed at maximum capacity: Professional:____men___women___total___foreign___national___ total Technical:_____men_____women ____total ____foreign ___national ___total Other: ____men____women____total____foreign____national____total Operations: (a) Expected commencement date of operations: _________ (b) Expected date of maximum operations: _____________ (c) Physical plant in square feet: ______________________ 40 Free Zones Required Services: (a) Electricity Beginning Maximum Load ___________ ___________ Voltage ___________ ___________ Average monthly consumption ______________ (b) Water: Potable: Average daily consumption ________________ Required volume/It/sec ____________________ Industrial: Average Daily Consumption ________________ Required volume/It/sec ____________________ (c) Telecommunications: ____________________ Phones: _______________________________________ Faxes: _______________________________________ Cellular phones: _______________________________________ Cable: _______________________________________ On-line: _______________________________________ Digital transmission: ______________________ Free Zones 41 Other: _______________________________________ Provide any other information which the Chief Executive Officer of the Commercial Free Zone may require. Date: _________________________ Signature: _____________________ Title: _________________________ Company Seal: 42 Free Zones FOURTH SCHEDULE [Regulation 6 (2)] Operations Contract We, _____________________________________, Chief Executive Officer of the ________________________________________ Commercial Free Zone, And, ___________________________________, General Manager/President of _____________________________________________________________ (company name) have come together to formalize the following Operations Contract as required by section 6 (2) of the CFZ Regulations. FIRST ________________________________________ will be confine operations to (company name) the stated purpose of____________________________ under the classification “CFZ business”, under Section 6 (2) of the CFZ Regulations. To widen the scope of this activity, the ______________________________ is (company name) required to apply to the Chief Executive Officer of the ____________________ Commercial Free Zone located at ____________________________________ Free Zones 43 ________________________________________________________________ SECOND ________________________________ shall make annual payments to the (company name) office of the Chief Executive Officer of the ___________________________ __________________________________ Commercial Free Zone located at __________________________ under Section 5 (3) of_____________________________________________________________ the CFZ Regulations.______________________________________________ For the purpose of these payments, commercial, industrial and office space will be considered to be space dedicated to the factory, administrative offices, trading, show-rooms, registered offices, banking, insurance, accounting, consultancies, or other similar activity under the classification of a CFZ business. All such payments will be made to the office of the CEO of the ____________________________________ Commercial Free Zone. FOURTH ___________________________________________ shall meet the cost of any (company name) environmental impact analysis that may be required by the Department of the 44 Free Zones Environment or the CEO of the _____________________________________ Commercial Free Zone. FIFTH ___________________________________________ is expected to present (company name) biannual progress reports on its activities to the CEO no later than 30 days following the sixth-month period. SIXTH _________________________________________ will facilitate the CEO with (company name) two copies of documentation for financial and customs control, one of which shall be submitted to the Customs Authorities. SEVENTH _________________________________________ shall carry a permanent (company name) inventory of all stored goods that will allow for periodic checks. At the same time, a system shall be implemented to allow for efficient control over goods that enter, remain and leave the Company. EIGHT ________________________________________ shall keep the CEO informed (company name) of changes and modifications that affect the original agreements reached with the office of the CEO such as a reduction of the labour force, temporary Free Zones 45 interruptions of operations, expansion of industrial and office space, change of activities and change in management, administration and legal representation, and others. NINTH _________________________________________ shall comply with any (company name) Regulations made by the CEO for imports into or exports from the CFZ, subject to the provisions of the Act. TENTH _______________________________________ shall provide any information (company name) solicited by the CEO at any time. Failure to provide such information will result in the suspension of further processes required by the Company. ELEVENTH In the event that__________________________________________ decides to (company name) request a revocation of its CFZ status, it shall communicate this to the CEO at least one month in advance. TWELFTH In the event____________________________________________ discontinues (company name) 46 Free Zones operations for more than one year, it will be deemed to have abandoned the CFZ Regime, hereby authorizing the CEO to proceed with revocation of its Certificate of Compliance THIRTEENTH ______________________________________________ shall comply with all (company name) obligations under the CFZ Act, the Regulations, this operations Contract. Having read this document, and as an indication of our conformity, we the undersigned affix our signatures and seal this _________ day of ___________ , ______________ . ____________________ __________________________ Chief Executive Officer Representative of the CFZ Firm Company Seal and Date: ____________________ Commercial Free Zone Free Zones 47 FIFTH SCHEDULE [Regulation 6 (3)] COMMERCIAL FREE ZONE CERTIFICATE OF COMPLIANCE ________________________________________________________________________ is hereby designated a Commercial Free Zone Business, located at ______________________________________________________________________ ________________________________________________________________________ in accordance with Section 8 (2) of the Free Zones Act Chapter 278 Dated this___________ day of _______________________, _____________. _____________________ Chief Executive Officer _________________________________ Commercial Free Zone