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We welcome all innovative & technology enterprises & developers:
Tax on profits & gains, income tax, turnover tax, withholding tax, capital gains tax, income tax & withholding tax on dividend income.
Exemption from Customs Duty on all Capital Goods under Customs Act 1969.
Subject to the Capital and Provincial Development Authorities.
Subject to Federal and Provincial Tax Collection Authorities.
Zone Developers will be evaluated based on their technical and financial proposals. The interested applicants are requested to refer to Annexure I, II,
III, and V of the Special Technology Zones Authority (Qualification and Approval) Rules, 2021 for a detailed overview of the selection criteria and Guidelines for Zone Developers.
Applications for grant of licenses to Zone Developers, for development, operation, and management of STZs in either of the following categories:
An Applicant may withdraw an Application at any time by providing a written Application to STZA, specifying the reasons and justification for withdrawal of the Application. In case an Applicant withdraws its Application, the paid Application fee shall not be refunded. STZA shall not be liable in any manner whatsoever in respect of the decision of the Applicant for withdrawal of the Application, and the sole responsibility and any liabilities in respect thereof shall solely rest with the Applicant.
A new Application for a license with the same or similar purpose by the Page 5 of 23 same Applicant may only be filed after a lapse of six (6) months from the date of confirmation of withdrawal of the Application.
Application Cover Letter
Application Checklist
Financial Proposal
Technology ecosystem proposal/economic impact
Legal Documentation (incorporation documents, Shareholding pattern/ ownership structure, NTN Certificate, Non-encumbrance certificate, List of any financings and/or loan obtained, Board resolution/ corporate approvals/ authority letter, consents from regulators/NOCs, All title/ ownership documents Undertaking on the stamp-paper).
The term refer to any public, private, or public-private Person responsible for development, operation or management of the whole, or a part of STZ and Licensed by the Authority as such, and includes a Co-Zone Developer who acts as a partner of the Zone Developer. The Zone Developer shall lease or rent out its facility to licensed Zone Enterprises. The Zone Developer will be responsible for the supervision of activities in its specified area in STZ, and monitoring compliance with the development agreements, Licenses, and the applicable Rules and Regulations notified by the Authority. A Zone Developer can also engage in technology business operations, however, shall separately apply for Zone Enterprise license.
Zone Developers will be evaluated based on their technical and financial proposals. For a more detailed framework, please refer to following documents available on official website:
The companies concerned may form a new company with a back-end joint venture or shareholders agreement to join a STZ, or one of the companies may become the Zone Developer and the others may join as Zone Enterprises under the umbrella of that Zone Developer. The structuring of companies is entirely up to the businesses intending to apply for licenses in a STZ. However, it shall be noted that the incentives will only be applicable to that legal entity or set of legal entities which are licensed by the Authority and are operating within the STZ, activities being carried outside of STZ shall not be subject to any incentives.
The One Window facility will comprise of relevant entities of Federal, Provincial or Local Governments, for facilitation of the Zone Developers and Zone Enterprises to lodge standardized information and documents with a single-entry point to fulfill the requirements under the STZA Act, Rules or Regulations including the establishment, development, execution, operations, functioning and management of STZs. The facility is currently under development and once completed, it will provide a single physical and digital interface for submission of all applications and various facilitation requests to STZA including submission of applicable fees. The facility will be integrated with other government departments to automate and streamline the provision of Government services to the end users. Applicants and licensees will be able to track and monitor the status and outcome of their requests online through their respective accounts on the STZA’s One Window portal without the requirement for physically visiting Government offices, where possible.
No. The tax benefits that would be provided to Zone Developers and Zone Enterprise are explicitly mentioned in sections 20 and 21 of the Special Technology Zones Act, 2021 and shall become operational only after appropriate legislative amendments relating to the incentives are made under applicable tax laws such as Income Tax Ordinance, Sales Tax Act etc.
At present, the following tax incentives are available for successful applicants under STZA:
f. Profit and gains are exempted from tax for a period of 10 years under the Income Tax Ordinance, 2001.
g. Minimum turn over tax is exempted for a period of 10 years under the Income Tax Ordinance, 2001.
h. Dividend and long-term capital gains of venture capital funds from their investment in Zone Enterprises only are exempted from tax for a period of 10 years under the Income Tax Ordinance, 2001.
i. Customs Duties, income tax and sales tax are exempted on import of capital goods for a period of 10 years under the Customs Act, 1969, Income Tax Ordinance, 2001 and Sales Tax Act 1990.
j. Zone Enterprises and Zone Developers are eligible for opening of Special Forex Accounts under the State Bank of Pakistan regulations which provided certain benefits to its holders including no requirement of conversion of US Dollars to PKR.
Yes. The tax incentives granted under STZA license would be applicable in all STZs established by the Authority across Pakistan. In addition, Provinces are at liberty to provide additional tax incentives through changes in their respective tax laws. These will be updated on our website from time to time as they are announced by the Provinces.
At present, the companies falling under the STZA regime are not exempted from Provincial taxes including Provincial sales taxes.
Applications shall be submitted through the One Window Application Portal on STZA’s website at www.stza.gov.pk, along with all supporting documentation. Additionally, three (3) physical copies of the identical online application along with all supporting documentation must be submitted to STZA within five (5) days of submission of the online application; failure to submit physical copies of the application may result in the application being discarded or put on hold, at the discretion of STZA.
For Islamabad and all provinces of Pakistan, Applications in physical form should be sent to the following address, unless otherwise specified on STZA’s website:
One Window Department
Special Technology Zones Authority
16th Floor, New State Life Tower
Blue Area, Islamabad
If an applicant is desirous of withdrawing an application, the applicant shall inform STZA in writing with reasons for such withdrawal in writing as per the prescribed methodology under applicable regulations. It shall be noted that the application fee submitted shall not be refunded to the applicants in such a case.
Registered as a legal entity incorporated under the laws of Pakistan
Foreign legal entities required to incorporate special purpose company registered in Pakistan for consideration and evaluation
The land parcel equal to or greater than 5 acres or intends to build infrastructure equal to or greater than 250,000 sq ft
The partial built-up structure or a complete built-up structure equal to or greater than 250,000 sq. ft.
Application Cover Letter
Application Checklist
Financial Proposal
Technology ecosystem proposal/economic impact
Legal documentation (incorporation documents, Shareholding pattern/ ownership structure, NTN Certificate, Non-encumbrance certificate, List of any financings and/or loan obtained, Board resolution/ corporate approvals/ authority letter, consents from regulators/NOCs, All title/ ownership documents
The Application Fee for a Zone Developer is PKR 2,000,000/-.
Submission through portal
Submission of physical copies
Specifying the reasons and justification for withdrawal
Same Applicant can file after a lapse of six (6) months from the date of confirmation of withdrawal.
New State Life Tower, Plot#61, 16th Floor, F-7/4, Islamabad.
Name:
LEOS Technology Zone
Location:
Lehtrar Road, Nilore, Islamabad
Area:
225,562 Sq Ft 19.23 acres.
Declared on:
8th November 2024
POC Name:
Muhammad Asad Saleem
POC Email:
Address:
Name:
Khanpur Industrial Project
Location:
Haripur, KPK
Area:
199,174 Sq Ft of existing and proposed infrastructure ,197 Acres.
Declared on:
12th September 2024
POC Name:
Asif Iqbal CFO/Company Secretary
POC Email:
Name:
Capital Smart Technology Zone (Silicon Village), Rawalpindi
Location: