Fernhill SEZ
Fernhill SEZ is a Special Economic Zone located in Mutare, Zimbabwe, established in 2018, with ZIDA (designation); zone developer/operator permits listed as its governing authority.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Mutare, Zimbabwe |
| Year Established | 2018 |
| Companies | 250 |
| Governing Authority | ZIDA (designation); zone developer/operator permits |
Recorded Benefits and Incentives
Zero-rated Corporate Income Tax for the first 5 years, Special Initial allowance of 50% of cost from year one and 25% in the subsequent two years, Specialized expatriate staff will be taxed at a flat rate of 15%, Exemption from Non-residents withholding tax on fees on services that are not locally available, Exemption from Non-residents withholding tax on Royalties, Exemption from Non-residents withholding tax on Dividends, 100% customs duty rebate on all imported raw materials, equipment and machinery, Exempt from the requirement to obtain import and export permits, Investor facilitation and after care services across all Government entities and agencies
Verify eligibility and current terms with the zone authority.
About Fernhill SEZ
The Fernhill SEZ is located near Mutare, eastern Zimbabwe, strategically positioned to facilitate timber processing and related industrial activities. It aims to leverage the rich forestry resources of the Manicaland province for value addition and export. The zone focuses on timber, forestry products, and possibly mining.
Frequently Asked Questions
What type of zone is Fernhill SEZ?
Fernhill SEZ is a Special Economic Zone.
Where is Fernhill SEZ located?
Fernhill SEZ is located in Mutare, Zimbabwe.
When was Fernhill SEZ established?
Fernhill SEZ was established in 2018.
Which governing authority is listed for Fernhill SEZ?
SEZ Explorer records ZIDA (designation); zone developer/operator permits as the governing authority for Fernhill SEZ. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Fernhill SEZ?
SEZ Explorer's current record lists: Zero-rated Corporate Income Tax for the first 5 years, Special Initial allowance of 50% of cost from year one and 25% in the subsequent two years, Specialized expatriate staff will be taxed at a flat rate of 15%, Exemption from Non-residents withholding tax on fees on services that are not locally available, Exemption from Non-residents withholding tax on Royalties, Exemption from Non-residents withholding tax on... Verify eligibility and current terms with the zone authority.