As established by the Nigeria Export Processing Zones Decree No.63 1992 and subsequent legislation.
Locating in Snake Island Integrated Free Zone and registering as an Enterprise automatically confers on the Enterprise the following incentives and advantages.
- No Destination Inspection
- Duty Free Import of Raw materials, Components
- Duty Free Import of Equipment, Machinery and Spare Parts
- Deferred Duty on Tradable Articles
- On Site Customs Processing
- Exemption from all Federal, State and Local Taxes
- Foreign Ownership of Business
- Repatriation of Foreign Capital Investment with Capital Appreciation
- Remittance of production into the Nigeria Custom Territory
- Import and Export License Exemption