ACT
(Acts 10 of 1999, 3 of 2004 and 11 of 2018)
Act 10 of 1999 .. in force 22 May 2000 (S.I. 115/2000)
Amended by Act 3 of 2004 .. in force 24 May 2004
Amended by Act 11 of 2018 .. in force 12 December 2018
ARRANGEMENT OF SECTIONS
PART 1
PRELIMINARY
| 1. | Short title |
| 2. | Interpretation |
PART 2
ESTABLISHMENT, FUNCTIONS, ETC., OF THE FREE ZONE MANAGEMENT AUTHORITY
| 3. | Establishment of Free Zone Management Authority |
| 4. | Board of Directors |
| 5. | Meetings of the Board |
| 6. | Functions of the Board |
| 7. | Designation of free zones |
| 8. | Appointment and functions of Chief Executive Officer |
PART 3
ACTIVITIES, TAX REGIME, ETC., OF FREE ZONE
| 9. | Powers and responsibilities of free zone developer |
| 10. | Application for operation within a free zone |
| 10A. | Licence to operate in a free zone |
| 11. | Activities within free zone |
| 12. | Free zone imports and exports |
| 13. | Sale outside free zone of merchandise produced or warehoused in free zone |
| 14. | Sales within a free zone |
| 15. | Records |
| 15A. | Tax audit |
| 16. | Safety measures |
| 17. | Foreign exchange control |
| 18. | Free zone regulatory regime |
| 19. | Free zone tax regime |
| 20. | Free zone labour regime |
PART 4
FINANCIAL PROVISIONS
| 21. | Revenue of FZMA |
| 22. | Application of revenue of FZMA |
| 23. | Temporary investment of funds |
| 24. | Power to borrow |
| 25. | Temporary borrowing |
| 26. | Guarantee of borrowing of FZMA |
| 27. | Reserve fund |
| 28. | Application of surplus |
| 29. | Annual budget |
| 30. | Accounts |
| 31. | Audit |
| 32. | Auditor's report |
| 33. | Report to Minister |
PART 5
MISCELLANEOUS PROVISIONS
| 34. | Enforcement liabilities |
| 35. | Appeal Board |
| 36. | Regulations |
| 37. | Amendment of Schedule |
| 38. | Saving |
| Schedule 1 | |
| Schedule 2 | |
AN ACT to provide for the establishment and operation of free zones in Saint Lucia to foster commerce, trade and investment with other countries; to promote economic growth and development and related matters.
Commencement [22 May 2000]