Aqaba Special Economic zone
The Aqaba Special Economic Zone Authority (ASEZA) is the statutory institution
empowered with regulatory, administrative, fiscal and economic responsibilities
for the ASEZ.
The ASEZ is governed by six-ministerial-level Commissioners, each responsible
for a major area of regulatory or operational activity. The Aqaba Special
Economic Zone Law simplifies all procedures, licenses, and approvals enabling
the Authority to provide a business-friendly environment from one single
location in Aqaba.
ASEZA is deeply committed to maintaining Aqaba at the competitive forefront as
an international investment hub. ASEZA offers investors a streamlined investment
environment and encourages sector participation in all aspects of the Zone's
development and operations. This ensures the provision of world-class
infrastructure and services to Aqaba's investors, residents and visitors alike.
The Aqaba Special Economic Zone (ASEZ) enjoys special
fiscal regulations, which include the following:
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5% flat tax on net
business income (except banking, insurance, and land transport services)
-
No social services tax
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No sales tax on the vast
majority of goods and services
-
No annual property tax
-
No tax on distributed
profits and dividends
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No customs duties on
imported goods (except motor vehicles)
-
No foreign equity
restrictions on investment (100% foreign ownership)
-
No foreign currency
restrictions
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Full repatriation of
capital and profits
ASEZA - Your Gateway to the Global Economy
Aqaba Development Corporation
Aqaba International Industrial Estate (AIIE)
Aqaba in 2010: The Renaissance of a Once Sleepy Seaside Town (Article)
Trade Gateway to Region
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