FEZ-L

FEZ-law

Law about free economic zones


In force since 2008-05-30, valid until before 2010-07-30

Art.

1

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In force since 2010-07-30

Art.

1

General provisions

(1) Free economic zones (free entrepreneurship zones), hereinafter referred to as free zones, are parts of the customs territory of the Republic of Moldova, economically separated, strictly delimited on their entire perimeter, in which local and foreign investors are allowed, on a preferential basis, types of entrepreneurial activity, under the terms of the law.


(2) The security of the borders of the free zones shall be provided by specialized security companies of the Republic of Moldova on the basis of contracts concluded by them with the Administration of the respective zone. The system of authorized crossing of the free zone borders shall be applied to natural persons and means of transport, the functioning of which shall be established by Government decision.


(3) Free zones shall be created with the aim of accelerating the social and economic development of certain territories and the country as a whole by:


(a) attracting domestic and foreign investments;


b) implementation of modern techniques and technologies;


c) developing export-oriented production;


d) applying advanced production and management experience;


e) job creation.


(4) The free zones, in order to achieve their objectives, shall be granted preferential arrangements for stimulating entrepreneurial activity. Changes in the regime and in the manner of conducting entrepreneurial activity in a free zone shall be possible only by introducing amendments to this Law.


(5) The free zone may consist of several sub-zones.
The regimes and the manner of carrying out entrepreneurial activity and management shall be identical in all sub-areas.