Law No 10/1998
regarding
Industrial Estates and Industrial Free Zones

CHAPTER NINE
Rights and Duties of Licensed Projects 

Article (42)

In addition to any other rights guaranteed in any other law, the owners of licensed projects shall be free to determine the prices of their products and services and to seek and import services and goods necessary for them from inside or outside the country. They are also free to sell their projects.

Article (43)

Owners of licensed projects shall be obligated to: 

1.      Restrict their activities to those indicated in the license contained in the industrial free zone certificate granted to each of them or to any additional activities pursuant to Article (35) hereof.  It is permissible to change the type of activity in the zone after securing approval of PIEFZA.

2.      Submit any documents, books or accounts, when so required by PIEFZA, for the purpose of carrying out any statistical operations.

3.      Abide by any instructions or regulations established for the operation of the industrial free zones or for observing discipline and providing security inside the industrial free zone.

4.      Notify PIEFZA at least three months in advance and in writing of the decision of the project owner to liquidate and terminate his project.

Article (44)

The project owner shall liquidate his project in the industrial free zone within six months from the date of stopping work without justification. If he fails to do so, PIEFZA, in coordination with the Customs Department may, after the lapse of this period, sell it in auction, and all the liabilities and debts of the project, if any, shall be deducted from the price and the rest transferred to his private account.

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