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Free Port of Ventspils Law (1996)

Country/Territory
Latvia
Document type
Legislation
Date
1996 (2010)
Source
FAO, FAOLEX
Subject
Sea
Keyword
Harbour Governance Authorization/permit International trade Business/industry/corporations
Geographical area
Europe, Europe and Central Asia, European Union Countries, Northern Europe
Abstract

The Law determines the principles of operation and management procedures for the Free Port of Ventspils in order to promote the participation of Latvia in international trade, attract investments, develop manufacturing and services, as well as create new jobs. According to the Law, the Free Port is a part of the territory of the Republic of Latvia, which corresponds to the boundaries of the Port of Ventspils stipulated by the Cabinet. Commercial activity in the territory of the Free Port may be carried out by licensed capital companies, as well as merchants, which have not obtained a permit for carrying out licensed commercial activity in the territory of the Free Port of Ventspils, and in conformity with the conditions of the Section 12, Paragraph three of this Law. The importation of goods in the territory of a free zone of a licensed capital company existing in the territory of the Free Port and the exportation therefrom may only be carried out through pass points in accordance with the procedures laid down in laws and regulations

Full text
English
Website
www.likumi.lv