Qualification Criteria

A Zambian registered company qualifies to develop or operate in a multi-facility economic zone upon meeting the following;
1. Invest not less than the equivalent of US$500,000
2. Be in a multi-facility economic zone priority sector and
3. Meet the approval of the Agency, and in case of an MFEZ, the Cabinet and demonstrate that the investment will provide the following benefits:

• level of local and foreign direct investment, amount and quality of local employment;
• the extent of skills development and transfer to local entrepreneurs and communities;
• the extent to which the project will lead to expansion of local production;
• the level of utilization of local raw materials and intermediate goods;•
• the introduction and transfer of technology and production of new products;
• Impact the proposed investment is likely to have on the environment and, where necessary, the measures proposed to deal with adverse environmental consequence in accordance with the Environmental Protection and Pollution Control Act;
• the extent to which the project will lead to the diversification of the economy;
• the extent to which the project will lead to increased foreign exchange earnings;
• the degree to which the project is export oriented;
• the extent to which the project leads to utilization of preferential trade agreements;
• the extent to which the project leads to social development; and any other considerations.

 

 

 

 

 

 

 

 

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