Cap.14:34 No. 7/2016 SPECIAL EcoNOMIC ZoNEs SPECIAL ECONOMIC ZONES ACT [CHAPTER 14:341 ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. 2. Short title. Interpretation. PART II ZIMBABWE SPECIAL EcoNOMIC ZoNES AmHORUY 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. Establishment of Zimbabwe Special Economic Zones Authority. Zimbabwe Special Economic Zones Board. Constitution of Board. Terms and conditions of office of members. Disqualifications for appointment as member. Vacation of office by member. Minister may dismiss or suspend members. Filling of vacancies on Board. Meetings and procedure of Board. Committees of Board. Remuneration and expenses of members of Board and members of committees. Disclosure of interests of members of Board and committees. Validity of decisions and acts of Board. Execution of contracts and instruments by Authority. Minutes of proceedings of Board and committees. PART III FUNCfiONS OF AtJTHORUY 18. 19. 20. 21. 22. Functions of Authority. Powers of Authority. Establishment of special economic zones. Report<; of Authority. Chief Executive Officer and staff of the Authority. Note by Veritas This Act was Gazetted and came into force on 1st November 2016 PART IV APPLICATIONS FOR APPROVAL OF ll'NESTMENT IN SPECIAL EcoNOMIC ZoNES 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. Applications for investment licences. Application for developer's permit. Consideration of applications for investment licences. Approval or refusal of applications for investment licences. Period of validity of investment licences. Renewal of investment investment licences. Register of investment licences. Investor to notify Authority of non-implementation investment. Transfer of investment licences prohibited. Power to visit premises and inspect documents. Suspension and cancellation of investment licences. Appeals to minister. Protection from compulsory acquisition of property. 187 DISTRIBUTED BY VERITAS e-mail: veritas@mango.zw; website: www.veritaszim.net Veritas makes every effort to ensure the provision of reliable information, but cannot take legal responsibility for information supplied.

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