Regulations Governing the Operation and Management of Free Trade Zones Enterprises Article 6

An enterprise approved to be established within an FTZ shall within two (2) years from the state of such approval complete its establishment in accordance with its business plan; while the Management Authority may jointly with relevant authorities conduct survey(s) and inspection(s) based on its business plan. In the event that the establishment fails to be completed in accordance with its business plan due to a cause not attributable to the applicant, an application in writing for the extension of the deadlines for the establishment may be filed to the Management Authority provided that no more than two (2) extension applications are allowed and each extension shall not exceed six (6) months.Any changes or modifications to the original business plan during the establishment phase shall be subject to the approval of Management Authority.In the event that any changes or modifications as referred to in the preceding paragraph involve a matter requiring the approval of Customs, the Management Authority shall first consult with such competent authorities for their opinions.Where the establishment is not completed with two (2) years as set forth in Paragraph 1 and no application for extension thereof has been filed or the establishment is found to have been implemented in a manner not in compliance with the business plan as approved, the Management Authority and any competent authority authorities may order the applicant to make improvement(s) within a given time limit. The failure to make the improvement(s) by the applicant within such time limit may cause the revocation of the establishment permit.