2018/19 Budget Communication 2018_2019 BUDGET COMMUNICATION | Page 45

shortly. The full set of proposed legislative amendments is
being tabled today.
Commercial Enterprises Act
We
have
also
introduced
the
Commercial
Enterprises Act to promote the establishment of new
business undertakings or services, with an investment of at
least $250,000, in a number of specified areas of activity,
including leading edge sectors such as nanotechnology and
bioinformatics and analytics. The Act also provides for the
prescription of any Island or part thereof to be a specified
commercial enterprise zone for the purpose of rationalizing
infrastructure
investment,
efficient
land
use
or
the
encouragement of clusters of commercial development.
Incentives may also be prescribed in respect of such
specified commercial enterprise zones. In addition, the Act
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