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Article 3
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The reservation shall be valid for six months from the date of the approval of the Reservation Application; said term can be extended once for one month if an application for extension is filed prior to the expiration of the initial term.<br/>If a company requires time period longer than that set forth in the preceding paragraph to prepare for its business operations pursuant to applicable laws or regulations because of the nature of the business involved, or because other legal procedures or registrations are required prior to completing the proposed registration, the MOEA shall otherwise notify the applicant of the term of reservation.<br/>If a company’s registration application is not filed during the term of reservation set forth in the preceding two paragraphs, the approval of the Reservation Application shall become null and void.
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