Effective April 1, the Jamaica Special Economic Zone Authority will revise the Special Economic Zone framework for the elimination of annual renewals of SEZ Operating Certificates for Developers and Occupants.
Under the revised framework, Operating Certificates for Developers will now extend for the duration of the licence agreement, while Occupants' certificates will match the length of their sub-concession terms.
The Special Economic Zone Authority says it is committed to reducing administrative burdens, promoting investment stability, and fostering increased productivity within the SEZ ecosystem.
Chief Executive Officer Kelli-Dawn Hamilton, says the agency's goal is to create a conducive business environment where SEZ operators can focus on growth and long-term success, and by streamlining the licensing process, where businesses are empowered to thrive
Miss Hamilton added that this amendment is part of an overarching review of the SEZ regime, aimed at making it more adaptable and responsive to private-sector needs.
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