IPO.
8.6InvestmentSectors,PrioritySectors,andOwnership
Q18.Whatsectorscananinvestorinvestin?
A18:Asaninvestorlocatedin
thereareanumberofsectorsdeemedasPrioritySectorsbytheZambianGovernment,
andifyouchosetoinvestinthemyouwillreceiveadditionalinvestmentincentives.
Q19.WhatisaPrioritySector?
A19:APrioritysectorisasectorthathashighgrowthpotentialsetforthintheSecond
ScheduleoftheZDAAct.WehaveprovidedasummarylistofthesectorsinAnnex2at
thebackofthisdocument.
Q20.ArethereanysectorsthatarerestrictedtoZambiansonly?
A20:No.AllsectorsoftheZambianeconomyareopentoyou.However,mostsectors
thatrequireinvestmentbelowUS$250,000thresholdsuchastrading(unlessitisa
franchise,dealershiporunderlisence)wouldnotbeapprovedbytheZDAlicensing
desk..
Q21.ArethereanyrequirementsforapercentageofZambianownership?
A21:No.Basically,itisnotnecessaryforyoutohaveanyZambianshareholders
accordingtoourlaws.However,certainlicensessuchassmallscalemininglicensesare
givenonlytoZambians,andnon-Zambianswishingtoinvestintheminingsectorthrough
asmallscalemininglicensewillhavetopartnerwithalocalZambianinordertodoso
andthisrequiresatleast75%Zambianownershipinthecompany.Broadcastinglicense
willonlybeissuedtoacompanywith75%Zambianownership.
Q22.WhatarethebenefitsofpartneringwithaLocal?
A22:It’sbeneficialshouldyouneedtotappingintolocalresourcesforsmallscalemining,
transport,doinggroundworkandforobtaininglocalknow-how.
Q23.WhatarethebenefitsofholdingaCertificateofRegistration?
A23:IfyouhaveaCertificateofRegistration,youwillreceiveaninvestmentguarantee
againstthestatesnationalizingofyourinvestment,supportandaftercarebyourZDAstaff
asyoufilefornecessarypermitsandlicencesfromotherministries,andbeabletoown
landinZambiaunderthenameofyourcompany.
Q24.Whatisthesystemoflandtenurein
A24:Thereareonlytwotypesoftenurein
tenure.Zambiahasnofreeholdsystemoftenure.Theleaseholdtenurerunsfor99years
andisrenewableforfurther99years.Furtherrenewalispossibleifthereisnobreachof
theconditionsintheexistingagreement.Landinthecustomaryareacanbeconvertedto
leasehold–thusallowingittobeusedascollateral.Underthe1995Act,landnowhasa
valueandcanbesoldevenwithoutimprovementontheland.
Q25.Areforeignersallowedtoownland?
A25:Anon-Zambiancanacquirelandunderfollowingconditions;
He/Sheisapermanentresidentin
He/SheisaninvestorwithinthemeaningoftheZambiaDevelopmentAgencyActor
anyotherlawpermittinginvestmentin
InexceptionalcasesbyPresidentialconsentinwriting
ApersonregistersacompanyundertheCompaniesAct,withnolessthan75%
Zambianshareholding.TitleDeedwillbeissuedinthenameoftheregistered
company.
Underashorttermtenancyofnotmorethan5years
Ifthepersonisgrantedconcessionorright–undertheNationalParksandWildlife
Act.
Q26.WhatarethestepstoacquiringlandasaforeignerinZambiaforinvestment?
A26:InvestorisrequiredtosubmitaletterofintenttoDirectorGeneralhighlighting
sector/areaofinterestandsizeoflandrequired.
InvestormakesanapplicationforaCertificateofRegistration
Investormustbewillingtopayforalllandacquisitionpre-investmentactivities
expenses/costs.
Annex1
CertificateofRegistration
RequiredApplicationDocuments
Checklist
1.CompletedformalapplicationformfromtheZambiaDevelopmentAgency;
2.CertifiedcopyofcertificateofIncorporation/Registration;
3.Certifiedcopyofcertificateofsharecapital;
4.Certifiedcopyofacertificateofminimumsharecapital;
5.Certifiedcopyofanofficiallistofshareholdersand/ordirectors;
6.Businessplanand/orfeasibilitystudy;
7.Verifiableevidenceofprojectfinance;
8.Briefresumes/CVsforshareholdersand/ordirectors;
9.Non-refundableapplicationprocessingfeeofK1,280.00
10.CertificatefeeofK7,670.00(payableonlyuponcollectionofcertificate).
Pleasenotethatanypromoterseekingapprovaltoestablishanenterprise,underthe
DevelopmentAgency(ZDA)ActNo.11of2006,shouldincludeintheirproposal,aclearand
concisestatementonhowtheenterprise,ifapproved,islikelytocontributetothecountry’s
economicgrowthanddevelopment.
Annex2
ListofPriorityandMFEZPrioritySectors
PrioritySectors
Anyinvestorinvesting$500,000ormoreintoanyoftheprioritysectorslistedbelowshallbeentitled
tofinancialincentives.
1)Floriculture:
Freshflowersanddriedflowers
2)Horticulture:
Freshanddriedvegetables
3)Processedfoods:
Wheatflour
Otherprocessedfoods
4)BeveragesandStimulants:
Teaandteaproducts
Coffeeandcoffeeproducts
5)Productionandtheprocessingofthefollowingproductsinthetextilessector:
Cotton
Cottonyarn
Fabric
Garments
6)Manufacturingofthefollowingengineeringproducts:
Copperproducts
Ironoreandsteel
Cobalt
Otherengineeredproducts
7)Beneficiationofphosphatesandanyotherrelatedmaterialintofertilizer
8)Beneficiationofrockmaterialsintocement
9)Productionandprocessingofrawtimberintowoodproducts
10)Productionandprocessingofthefollowingproductsintheleathersector:
cattlehides
crustleather
leatherproducts
11)Buildingofmini-hydropowerstations
12)Educationandskillstraining
MFEZPrioritySectors:
MFEZPrioritySectorsareasfollows:
1)InformationandCommunicationTechnology(ICT)
Developmentofcomputersoftware
Assembly/manufactureofICTequipment
2)Health
Manufactureofpharmaceuticalproducts;
Repairandmaintenanceofmedicalequipment;
Provisionoflaundryservicestomedicalinstitutions;
Ambulanceservices;
Medicallaboratoryservices;
Diagnosticservices;and
Othermedicalservices.
3)Educationandskillstraining
4)Manufactureof:
Machinery&machinerycomponents
Iron&steelproducts
Electricalandelectronicproducts&components&partsthereof;
Chemicals&petrochemicals
Pharmaceutical&relatedproducts
Wood&woodproducts
Palmoil&theirderivatives
Pulp,paper&paperboard
Textile&textileproducts
Transportequipment,component&accessories
Clay-based,sand-based&othernon-metallicmineralproducts;
Plasticproducts
Professionalmedical,scientific,&measuringdevices/parts
Rubberproducts
Leather&leatherproducts
Packaging&printingmaterials
Fertilizer
Cement
5)Tourism
6)Processingof:
agriculturalproducts
forestproducts
non-ferrousmetals&theirproducts
gemstones
7)RealEstatedevelopment
Annex3ApplicationforCertificateofRegistration
REPUBLICOF
ZAMBIADEVELOPMENTAGENCY
ZAMBIADEVELOPMENTAGENCYACT(No:11of2006)
APPLICATIONFORACERTIFICATEOFREGISTRATION
TheDirectorGeneralTel:+260-1-220177
ZambiaDevelopmentAgencyFax:+260-1-225270
P.OBox30819E-Mail:info[ta]zda.org.zm
Lusaka.Zambia.WebSite:http://www.zda.org.zm
PART1
1.PROJECTDETAILS.
(a)FullNameofEnterprise
(b)PlotNo:.Street/Road
(c)Address
(d)Province..District.
(e)TelephoneNo:..FaxNo
(f)E-mailAddress:.
(g)DateofIncorporation/Registrationofthebusinessname
(h)ForeignAddressofexternalinvestor(includingTel/Fax/E-mail):
2.OWNERSHIPSTRUCTURE.
2.1Statewhetheryourenterpriseis:Mark“X”whereapplicable.
SoleOwnership
Partnership
PrivateCompany
Co-operativeSociety
PublicCompany
Parastatal
Other
2.2ParticularsofShareholders/Directors
NameandFull
Address
SexNationalityNational
Identity
Number
Equity(%)Equity
US$
LocalForeign
IfnecessaryuseaseparateSheetandattachwiththisform
3.OUTLINEOFBUSINESSPLAN.
3.1DetailsoftheProject
(Ifmorespaceisrequired,pleaseattachsheetattheend)
3.2Detailsoftheproduct(s)and/orservices(s)tobeprovided:
3.3Pleaseindicatethetypeofproject.
NewExpansionModernisation
Isafeasibilitystudy/businessplanavailable?If"YES"
pleaseattach.
YESNO
3.4Pleaseprovidedetailsandattachtothisapplication:
(a)Professionalbackgroundandexperienceofeachshareholder
(b)Companybackgroundandexperience.
3.5NamesandaddressesofTWOindividualsororganizationswhocouldsupport:-
(a)Eachofyourshareholders’professionalbackgroundandexperience.
(b)Companybackgroundandexperience.
Pleaseincludetelephoneandfaxnumbersand/ore-mailaddressforeachreference.
3.6BANKERS:Pleaseprovidedetailsofyourbanker(s)andenclosebankers’reference.
(a)Foreachshareholder
(b)TheCompany
EachreferenceshouldincludePostalBoxaddress,Tel/Faxnumbersandcontactpersonname.
PARTII
4.FACILITIESNEEDEDFORPROJECTIMPLEMENTATION.
Whatfacilitiesareavailable/requiredfortheproject?
FACILITY
****AILABLE
STATUS
YES
NOOwned
RentedLeased
Undernegotiation
Land
Buildings
Plant&Machinery
Others(Pleasespecify)*
Plannedstartdate.*
If(i)Undernegotiations,pleasegivedetailsunderseparatesheet
(ii)Owned,RentedorLeased,pleaseprovideproof.
5.MACHINERYANDEQUIPMENTSCHEDULE
(Detailedlistmaybeattached.)
DescriptionSource/CountryValueinUS
Dollars
New(N)orSecond
Hand(SH)
TOTAL
Ifnecessary,useseparatesheetandattachitwiththisform.
6.EMPLOYMENTANDTRAINING
6.1Employmentinthefirstyear:
CATEGORYNUMBEROFEMPLOYEES
ZAMBIANNON-ZAMBIAN
ExistingAdditionalExistingAdditional
Management
Technical
Operatives
Others(specify)*
TOTAL
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