Special Economic Zone Companies

Published 3rd November 2011, 3:52pm

The Companies Law is being amended to facilitate the registration of special economic zone companies. A special economic zone company is a type of exempt company. It is expected that the Law will also permit the re-registration of existing exempt companies, companies registered by way of continuation and non-resident companies as special economic zone companies. The memorandum of association of such companies will be required to state the intention of carrying on special economic zone business. The name of the company must include "special economic zone company" or "SEZC"