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The document ceased to be valid according to the Law RT of 26.12.2011 No. 783

LAW OF THE REPUBLIC OF TAJIKISTAN

of May 15, 1997 No. 429

About concessions

This Law establishes the basic principles of implementation of concessionary economic activity in the territory of the Republic of Tajikistan and determines the legal, economic and other property relations connected with these activities.

I. General provisions

Article 1. Concepts of the terms used in the law

Concession (permission, concession) - the agreement about transfers to temporary operation under certain conditions the companies (associations), the earth belonging to the state with the right of mining, construction of facilities, and also waters, water and airspace, plant and animal life, others, not prohibited legislation of the Republic of Tajikistan, natural resources to the foreign investor.

The concession treaty - the agreement providing transfer to authorized state bodies or public authorities on places within the competence to the foreign investor in temporary use of the earth, other natural resources, the companies (associations), other state-owned property which is not prohibited by the legislation.

The foreign investor - the legal entity or physical person of foreign state performing long-term capital investments in economic activity of other country.

The concessionary - the foreign investor with whom the concession treaty is signed.

Subjects to concession - the types of economic activity connected with provision to the foreign investor in temporary use of property, land areas, subsoil, and also other natural resources which are not prohibited by the legislation of the Republic of Tajikistan.

Subjects of concession - the parties participating in concessionary relations.

Concessionary bodies - the bodies authorized by the Government of the Republic of Tajikistan or public authorities on places which are granted the right in accordance with the established procedure to deal with concession issues.

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