| Exemptions — |
| 1. from stamp duty payable by a vendor and purchaser on the initial purchase, within one year of the purchase, of a property; |
| 2. from land and house tax for a period of no more than 10 years; |
| 3. from income and corporate tax for a period of no more than 10 years; |
| 4. from import duty and taxes, on a first construction of a structure, for — |
| (a) building materials, fixtures and fittings; |
| (b) energy saving and alternative energy devices and equipment; |
| (c) furniture including desks and equipment provided that all purchases are shown to be for the exclusive use of students of an offshore higher education institution; and |
| (d) security equipment installed on the compound of the building for rent or lease. |