FEZ-L

FEZ-law

Law about free economic zones


<p>в силе с</p> 2008-07-04, <p>действителен до</p> 2009-02-27

Art.

13

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<p>в силе с</p> 2009-02-27

Art.

13

State guarantees

(1) Free zones are established for a period of at least 20 years. The period of operation of a specific free zone is established by the law on this zone.

(2) If new laws are adopted which worsen the conditions for the activity of residents in terms of customs, tax and other regimes provided for in the laws on the activity of free zones, residents are entitled, for a period of 10 years, but not exceeding the term of operation of the concrete free zone, to carry out their activities in accordance with the laws in force before the date of entry into force of the new laws. This norm will apply to the activity carried out by the residents within the investment projects registered until the adoption of the new law.

(3) For residents who invest in the fixed funds of the enterprise located in the territory of the free zone and/or in the development of the infrastructure of the free zone a capital equivalent to at least 200 million US dollars, the state guarantees provided in paragraph (2) extend for the entire period of the resident's activity in the zone, but not more than 20 years.