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Special Economic Zones Act, 2016 (No. 7 of 2016).

Country/Territory
Jamaica
Document type
Legislation
Date
2016
Source
FAO, FAOLEX
Long title
AN ACT to Repeal the Jamaica Export Free Zones Act and to make provisions in respect of the development, regulation, construction, supervision, management and control of Special Economic Zones in Jamaica; and for connected matters.
Subject
Land & soil, Water
Keyword
Cadastre/land registration Land tenure Land-use planning Special fund Environmental standards Standards Protection of environment Water abstraction
Geographical area
Americas, Caribbean, Latin America and the Caribbean, Small Island Developing States
Abstract

This Act concerns the development, regulation, construction, management and control of Special Economic Zones in Jamaica. It establishes the Special Economic Zone Authority, which shall be a body corporate. It also creates a Special Economic Zone Fund. The Authority shall establish procedures for the marketing, initiation and conduct of negotiations in relation to the making of applications by sponsors for the entry into master-concessions and licence-agreements. A master-concession means a concession agreement concluded between the Authority and the developer of a Zone established or intended to be established on land that is vested in the Authority as the registered proprietor or head lessee of the land. A licence-agreement is a concession agreement between the Authority and the developer of a Zone established or intended to be established on land that is not vested in the Authority as the registered proprietor or head lessee of the land. The Fifth Schedule sets out rights and duties of developers. The developer shall not sell any land within its zone without prior written consent of the Authority. Subject to the provisions of this Act, a developer of a Zone may enter into sub-concessions with occupants for the use of sites located in the Zone. Both the developers and occupants are under obligations regarding environment protection. A developer shall not carry out extractive industries, including mining, quarrying or drilling for natural resources (but not including the lawful extraction of water for the developer's or occupant's own use).

Full text
English
Website
www.moj.gov.jm

References - Legislation

Amended by

The Special Economic Zones (Amendment) Act, no. 9 of 2022.

Legislation | Jamaica | 2022

Keyword: Business/industry/corporations, Intellectual property rights/patents, Internal trade, International trade, Tax/levy

Source: FAO, FAOLEX