You need healthy rules and good plans to bring money from other countries into Zimbabwe. The government keeps saying, "Zimbabwe is Open for Business," hoping folks with cash will notice. This plan seems to work because Zimbabwe moved up on the World Bank list that shows which countries make business easy. New company laws helped, plus they created a special office where investors could handle everything at once.
Any investor who wants ZIDA to protect their money must first apply for an investment license. They must pay fees and provide the papers ZIDA requests. The head boss at ZIDA can quickly say yes or no to these requests. Sometimes, this boss might ask the Board what they think before deciding. The boss can also add rules that investors must follow.
Regular licenses last however long. ZIDA thinks it makes sense. But licenses for Special Economic Zones always last ten years. No one with a license can give it to another person unless ZIDA says it's okay first. ZIDA keeps track of all licenses it gives out, including any special rules or changes made later. Anyone can look at this list if they pay a small fee.
ZIDA puts all license information on its website for everyone to see. When license holders can't do what they promised, they must tell ZIDA why within thirty days of finding out. ZIDA might take away licenses from people who lied when they applied or who gave their licenses to someone else without permission. They also punish folks who didn't start their business when promised or who broke the license rules.
Any investor who wants ZIDA to protect their money must first apply for an investment license. They must pay fees and provide the papers ZIDA requests. The head boss at ZIDA can quickly say yes or no to these requests. Sometimes, this boss might ask the Board what they think before deciding. The boss can also add rules that investors must follow.
Regular licenses last however long. ZIDA thinks it makes sense. But licenses for Special Economic Zones always last ten years. No one with a license can give it to another person unless ZIDA says it's okay first. ZIDA keeps track of all licenses it gives out, including any special rules or changes made later. Anyone can look at this list if they pay a small fee.
ZIDA puts all license information on its website for everyone to see. When license holders can't do what they promised, they must tell ZIDA why within thirty days of finding out. ZIDA might take away licenses from people who lied when they applied or who gave their licenses to someone else without permission. They also punish folks who didn't start their business when promised or who broke the license rules.
