of July 27, 2001 No. 440-XV
About free enterprise zones
The Parliament adopts this organic law.
(1) the Free enterprise zone (further - free zone) is the part of customs area of the Republic of Moldova which is economically isolated, strictly delimited on perimeter on which types of business activity according to the law are resolved domestic and foreign investors on favorable terms.
(2) the Territory of free zone shall be separated other territory of the country by reliable barrier. Protection of border of free zone on all perimeter is provided with specialized security companies of the Republic of Moldova on the basis of the agreements signed between them and Administration of free zone. For physical persons and vehicles the gating system of crossing of border of free zone which procedure for functioning is established by the order of the Government is effective.
(3) Free zones are created for the purpose of acceleration of social and economic development of the separate territories and the country in general by means of:
a) attraction of domestic and foreign investments;
b) implementations of the modern equipment and technologies;
c) developments of export-oriented productions;
d) uses of the advanced know-how and management;
e) creations of workplaces.
(4) the preferential modes stimulating business activity are provided to Free zones for ensuring realization of the objects set for them. Change of the mode and procedure of business activity in free zone is possible only by introduction of amendments to this law.
(5) the Free zone can consist of several subzones. The modes and procedure of business activity and management are identical in all subzones.
For the purpose of this law the following concepts are used in value:
subzone - territorially isolated part of free zone;
permission to implementation of certain type of activity - the written permission for implementation of the type of activity permitted in free zone and provided in the contract between Administration and resident issued by Administration of free zone to resident of this zone for certain period;
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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