The Gwadar Free Zone sits near the Gwadar Port which is located on the shores of Arabian Sea in the province of Baluchistan, Pakistan. The estimated cost of this Chinese finance project of CPEC is 36 Million US dollars. The main objective of this project is to create a backup port industry for Gwadar Port. The total area earmarked for the Free Zone is 2,281 acres and will be developed in four phases. The first-phase construction of the Gwadar Free Zone is completed by 60 percent and will open for operation in December 2017.
The Gwadar Free Zone is strategically situated near the Gwadar Port as it is a key step in advancing the Port into a future regional hub that will benefit not only the countries of South Asia, but also central Asia and the Middle East. Its aim is to provide the most promising investment opportunities for your venture. Gwadar Port which is a warm deep-water port will play a major role in the inter-region trade. The free Zone ensures several economic benefits for upcoming businesses like land lease up to 99 years and tax holiday for 23 years. The goal of the Gwadar Free Trade Zone is to attract new businesses and foreign investments in logistics, general trade and manufacturing etc.
Some key benefits of company formation in Gwadar Free Zone are:
- Tax holiday for 23 years
- Ready to use offices, light industrial units, warehouses
- World class infrastructure and security arrangement
- 100 % exemption on customs duties for construction and operation
- One Stop Shop – one window facility for clearances
- Flexible visa regulations
- 100 % ownership for foreign investors
- Fast track start up and licensing procedure
- Leasing of plots up to 99 years
The most fancied business in this region is to take advantage of the Baluchistan rich fishery, mineral resources, and also halal food manufacturing and to develop relevant industries for overseas and local consumption. Other preferred establishments comprise trans-shipment, agriculture and marble processing, refrigerated storage, packaging and labeling, financial services, warehousing and supporting services business etc.
Gwadar Free Zone provides state-of-the-art offices with a lease term up to one year that includes facilities of 24 hours security, common areas and other utilities. It also gives access to warehouses and light industrial units. Land for industrial units is also available on lease up to 99 years.
Types of Companies:
Gwadar Free Zone allows you to establish two types of companies. Both have unique benefits and require different documentations.
The New Company is basically an LLC company within the free zone, which allows both single shareholder and multiple shareholders. The minimum capital required for setting up a New Company is $500,000. The required documents should be submitted to the Gwadar Free Zone Company (GFZC).
To set up a branch company, the branch office of a foreign company should have valid registration outside Pakistan or if the parent company is in Pakistan, it should have valid registration within the country. No initial capital is there, although the one-time registration of 1,500 US Dollars is required for Branch Company. The required documents for company registration should be submitted to the GFZC.
We at RIZ & MONA Consultancy can help you set up a company in the Gwadar Free Zone by providing cost effective solutions that best suits you. We have years of experience in Business Consultancy and ensure a reliable partnership with the client. Contact us on +971-4-5586339 or write to us at [email protected]