Islamabad: According to a news advert, the Special Technology Zone Authority (STZA) welcomed proposals for Zone Enterprises to construct specialized technology facilities at the Flagship Zone—Islamabad Technopolis.

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The STZA is Pakistan’s first specialised technology-related autonomous agency, established to promote technology and capitalise on the benefits of technology-led exports, R&D, and FDI (FDI). Software and information technology (IT) parks, business process outsourcing (BPO) complexes, research and development facilities, and excellence centres for tech-driven businesses will all be built as part of the STZA.

The STZA has only accepted applications for Zone Companies in the Islamabad Technopolis in the first phase, including those zone enterprises that seek to develop their own specialised facilities.

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The applications for Zone Developers licences will be launched in the second round, with a date to be announced soon. Furthermore, the STZA has established extraordinary exclusions and tax holidays for potential zone companies for the next 10 years.

Among the rewards are tax holidays on:

  • Income tax
  • Turnover taxes
  • Capital gains taxes
  • Sales Taxes
  • Customs Duty on import of capital goods
  • Dividend income and capital gains on venture capital funds

The facility has developed a One-Stop-Shop to simplify and streamline the procedure, as well as a Special Forex Regime and location incentives for applicants.

Prospective applicants can visit the STZA website at https://stza.gov.pk/apply-now/ as well as the policies review and STZA Bill 2021 at https://stza.gov.pk/policies/

Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City or Blue World City Islamabad.

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