Goods may be landed, stored, handled, manufactured or reconfigured and re-exported under favorable customs regulation and generally not subject to customs duty.
Also known as a free zone (FZ) and modeled after Dubai – gives your business exemption from the normal regime applicable in Nigeria, particularly regarding prohibitive Customs duty and tax. Centenary City Abuja is business friendly.
Regulations liberalize investment procedures and approval process, thereby eliminating bureaucratic bottlenecks, regulatory procedures and approvals in Nigeria.
Legislative provisions pertaining to taxes, levies, duties and foreign exchange regulations shall not apply. Enjoy the freedom to drive new enterprise and achieve rapid growth.
Repatriation of foreign capital investment at any time with capital appreciation of the investment. Ensure your assets are protected at all times in Centenary City Abuja.
Remittance of profits and dividends earned by foreign investors; no import or export licenses shall be required.
Up to 25% of production may be sold in Nigeria against a valid permit and on payment of appropriate duties.
Up to 100% foreign ownership of business is permitted in Centenary City Abuja.
Foreign managers and qualified personnel may be employed by companies in the EPZs.