The procedure for approval of a business concern for setting up a unit in EPZ is very simple. The investor submits an application on prescribed application form along with project description to the Authority, for approval of the Chairman. After approval of the project, requisite land cost has to be paid within 30 days.
Eligibility for Investment
All investments in the zone are made in convertible foreign currency. A foreign investor and a non-resident or a resident Pakistani can invest upto 100% of the equity. A joint venture between foreigner or foreign company and a non- resident or resident Pakistani is possible in any proportion.
Wider Choice of Industries
There is a wide choice of industries that can be set up in the zone. Preference will, however, be given to hi-tech projects and capital intensive projects.
International Distribution Centers
Investors can also set up International Distribution Centers in the zone for imports, warehousing and re-exports abroad. Domestic market of Pakistan is presently restricted to specific items, however trading business for abroad are completely open.