Economic Empowerment Zones Act No. 28 of 2018.
Country
Type of law
Legislation
Abstract
This Act lays down provisions for designating community areas as economic empowerment zones and encouraging the economic and social empowerment of residents in the zone, for granting certain exemptions and fiscal incentives to persons engaging in economic activities in the designated zones, for promoting the construction, renovation and restoration of property and structures in a designated zone, and for encouraging the principles of corporate social responsibility. This Act sets out application procedures for concessions to the property owners and to businesses, inspection and record keeping requirements of all businesses within the zone approved for concessions, duty of businesses to promote corporate social responsibility, and offences and penalties.
Attached files
Web site
Long title of text
An Act to promote the redevelopment of communities of The Bahamas through the granting of certain exemptions and fiscal incentives for the renovation and restoration of property and the encouragement of businesses in a designated economic empowerment zone and for matters connected thereto.
Date of text
Entry into force notes
This Act shall come into force on such date as the Minister by nıtice appoint and shall expire on 1 July 2023.
Repealed
No
Serial Imprint
Extraordinary Official Gazette, 5 October 2018.
Source language
English
Legislation Amendment
No