East Port Said Industrial Zone
From Infogalactic: the planetary knowledge core
East Port Said Industrial Zone - ep - is an industrial park with a total area of 1600 ha. The main developer and promoter of the park is East Port Said Development Co;[1] the park is located in Egypt at the northern end of the Suez Canal Special Economic Zone[2] (SCZone).
As per the law of Economic Zones of a Special Nature 83/2002 and its amendments in 2015,[3] the zone provides the following investor incentives
- 0% tax and duties on all machines, tools, and raw materials are as long as they are produced for export uses
- 0% tax on revenue from bonds, loans, and credit facilities
- 0% tax on profits resulting from merger, division or change in legal form of companies
- Competitive income tax rate on the net profit
- Competitive tax rate on wages, salaries, bonuses, incentives
- Customs, sales tax, and all other taxes and duties imposed separately on imported components once such products are releases from customs to enter the local market
- 50 years land lease with the opinion to lease the facility or construct your own one.
The park includes medium and light industries such as
- Automobile Assembly Parts
- Construction and Building Material
- Home Appliances and Electronics
- Textile and Ready-made Garment
- Agri-Business and Food Processing
- Pharmaceutical
- ICT
- General Industries
