Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries.
The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity.
Below are the Free Zone Companies In Ghana
Ghana Free Zones Authority
Address: 5th Link Rd, East, Accra
Phone: 030 278 0535
The Ghana Free Zones Authority (GFZA) has granted licences to 16 new companies with a combined investment value of $183 million to operate under the free zones programme. They include Gold Coast Refinery, Juaben Oil Mills, Regency Salt Limited, Ramec Limited, Nurevas Food Ghana Limited and Karma Distillery Limited.
What is a Free Zone Establishment?
Free Zone Establishment (FZE) is a single share holder limited liability company which can be incorporated in all UAE Free Zone.
However Free Zone Company (FZC) will be a similar incorporation with multiple shareholding (maximum 5 shareholders).
Are free zone companies VAT exempt?
The 20 designated free zones are exempt from VAT.
As expected, important free zones such as Jafza, Dafza and Kizad are on the list.
According to tax experts, the acquisition of goods within a designated zone for incorporation into another unconsumed good located within the same designated zone will not be subject to UAE.
Do free zone companies need to register for VAT?
Yes. Free Zone companies also should register for VAT in the UAE.
DMCC Authority (a free trade zone in Dubai) urged companies incorporated under DMCC to get registered under VAT before the due date to avoid penalty.