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LAW OF THE REPUBLIC OF MOLDOVA

of February 26, 1998 No. 1565-XIII

About the free enterprise zone "Production Otach-business park

(In edition of the Laws of the Republic of Moldova No. 1140-XV of 14.06.2002, No. 319-XVI of 02.11.2006)

The parliament adopts this law.

Article 1. General provisions

(1) In the territory subordinated to primeriya of the city of Otach, the free enterprise zone "The production Otach-Business park (further - free zone is created) for the term of 25 years.

(2) For creation and functioning of free zone are transferred to use of its Administration:

a) the parcel of land Ploshchad 32,17 of hectare located in city boundaries of Otach in case of entrance on Edinets Route - Oknitsa;

b) the parcel of land Ploshchad 1,02 of hectare located in case of entry into the city of Otach on Edinets Route - Oknitsa.

(3) Borders and configuration of free zone are specified in the cadastral plan of this territory constituted according to the cadastral legislation and this law.

(4) the Rights and obligations of Administration as the land user are regulated by the land legislation.

Article 2. Management of free zone

(1) For management of free zone the Government forms the state body which is referred to as with Administration, having the status of the legal entity and operating on the principles of self-financing.

(2) the Structure, functions and amount of powers of Administration are established by the Law on free enterprise zones and Regulations on the free enterprise zone "The production Otach-Business park, the approved Government.

Article 3. Activities in free zone

The procedure for selection of residents, the permitted types of activity, the customs, tax, currency, visa and registration modes, employment relationships and social protection in free zone are established by the Law on free enterprise zones.

Article 4. Termination of activities of free zone

(1) the Free zone stops the activities after functioning term.

(2) After the termination of activities of free zone physical persons and legal entities - the former residents can continue the business activity in accordance with general practice, stipulated by the legislation the Republic of Moldova on the corresponding timepoint.

Article 5. Guarantees in case of change of the legislation

In case of adoption of the new legal acts leading to deterioration in conditions of activities of residents of free zone regarding the customs and tax modes provided by this law, residents have the right within ten years from the date of entry into force of these legal acts to be guided by the legislation of the Republic of Moldova existing on the date of their registration in free zone.

Article 6. Transitional and final provisions

(1) Residents of N1-5 of free zone on out-of-competition basis determine the following joint-stock companies: "Uleex", "DTD Nistru", "Roada-Otaci", "Rezonanta", "Beton".

(2) Before transition of the Russian Federation and the Republic of Belarus to tax regime to value added and excises by the principle of the destination, the goods, works and services coming from the Russian Federation and the Republic of Belarus, exported from free zone on customs area of the Republic of Moldova are not assessed with the value added tax. Goods (products), the works and services happening from the territory of the Republic of Moldova and exported through free zone to the Russian Federation and the Republic of Belarus are assessed with the value added tax and excises by the principle of the place of origin.

(3) Owing to change of configuration and total area of free zone land excluded from zone area returns its administration of primeriya of the city of Otach.

(4) to the Government in two-month time:

- appoint the chief manager of free zone;

- approve Regulations on the free enterprise zone "The production Otach-business park.

(5) This law becomes effective from the date of publication.

 

Chairman of the parliament

Dumitra Motspan

 

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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