a) Candidates are expected to state and explain three (3) of the following non-tax factors which may inform the choice of a     particular   location for an investment.

• Proximity to Raw Materials
• Access to the Market
• Cost of Land required for the investment
• Availability of Skilled Labour
• Availability of utilities such electricity, water etc.
• Nature of the access road

  b) Candidates are expected to discuss any three of the following:

  • Non-application of import laws to free zones (s. 21)
  • Exemption from the payment of income tax on profits for the first ten years from the date of commencement of operation (S. 28)
  • Tax rate applicable to income from export of goods outside the national customs territory after the ten-year concessionary period is 15%. (First Schedule to Act 896)
  • Shareholders exempted from the payment of withholding taxes on dividends arising out of free zone investments. (S. 28)