THE BADAGRY FREE ZONE

/ ADVANTAGES AND BENEFITS

Incentives:

  • No federal, state & local government taxes, levies and rates (no corporate tax, withholding tax (WHT), value added tax (VAT) and capital gains tax
  • 100% foreign ownership
  • 100% repatriation of profits and dividends
  • 100% repatriation of foreign capital investment
  • No import & export licenses required
  • No customs duty applicable within the Free Zone

Advantages:

  • Immigration incentives
  • Customs incentives (import and export)
  • No Form M required for importation into the Free Zone
  • Fast-track cargo clearance procedures
  • No time limit on cargo storage
  • Reduction in overall project costs
  • Investor-oriented policies

Benefits:

  • Round the clock operation 365 days a year, 7 days a week
  • Direct access to sea and same-day turnaround of supply vessels operation
  • Single-point responsibility of vessel operations, cargo handling, warehousing, personnel, agency, etc
  • Reduction in handling operations, no double handling
  • Eliminating unnecessary overhead in logisticis infrastructure and equipment / personnel requirement
  • Long term objectives for export oriented projects
Read more