Investment, Trade and Business Development[No. 18of2022447THE INVESTMENT, TRADE AND BUSINESS DEVELOPMENTACT, 2022ARRANGEMENTOFSECTIONSPART IPRELIMINARYPROVISIONSSection1.Short title and commencement2.Interpretation3.Administration of Act4.Application5.General principles governing investment and trade promotionPART IIINVESTMENTPROMOTIONANDGUARANTEES6.Investment protection and promotion agreement7.Declaration of special economic zone8.Declaration of priority sector9.Protection from compulsory acquisition10.Externalisation of FundsPART IIITRADEANDINDUSTRIALDEVELOPMENT11.Trade and industry development strategies12.Trade and business development measures13.Incentives for exporters of products and servicesPART IVBUSINESSDEVELOPMENT14.Promotion of business15.Prohibition of incentives to business without licence, permit or certificate16.Eligibility for incentives by business17.Validity period for incentives granted to businessPART VLICENCE, PERMITANDCERTIFICATEOFREGISTRATION18.Application for licence, permit or certificate of registration19.Conditions for approval of licence, permit or certificate of registration20.Conditions of licence, permit or certificate of registrationSingle copies of this Act may be obtained from the Government Printer,P.O. Box 30136, 10101 Lusaka, Price K52.00 each.
448No. 18 of2022]Investment, Trade and Business Development21.Period of validity and renewal of licence, permit or certificate ofregistration22.Investor to notify Agency of non-implementation of investment23.Material changes in information furnished by applicant24.Variation or amendment of licence, permit or certificate of registration25.Suspension or revocation of licence, permit or certificate of registration26.Prohibition to assign, cede or transfer licence, permit or certificate ofregistration27.Surrender of licence, permit or certificate of registration28.Duplicate licence, permit or certificate of registration29.Register of licence, permit or certificate of registrationPART VIINVESTMENTINCENTIVES30.Eligibility for incentivesby investor31.Certification of investment for tax or duty relief or exemption32.Prohibition of incentives to investorwithout licence, permit or certificateof registration33.Recommendation for incentives by Agency34.Withdrawal of incentives35.Certification of compliance for relief or exemption36.Double taxation agreementsPART VIITRADEANDINVESTMENTDEVELOPMENTFUND37.Establishment of Trade and Investment Development Fund38.Purpose of Fund39.Management of Fund40.Control of use of Fund41.Books of accounts42.Auditing of Fund43.Annual Report
Investment, Trade and Business Development[No. 18 of2022449PART VIIIGENERALPROVISIONS44.Appeal45.Submission of information by investor46.Submission of annual returns47.Electronic submission and payment48.False statements49.State institution to consult Agency50.Regulations51.Savings and transitional provisionsSCHEDULE
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