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Law No. 94/IX/2020 creating the Special Maritime Economic Zone in São Vicente (ZEEMSV) or Special Economic Zone in São Vicente.

Country/Territory
Cabo Verde
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Original source
Boletim Oficial, Série I, No. 82.
Subject
Sea
Keyword
EEZ-Exclusive Economic Zone Legal proceedings/administrative proceedings Navigation Business/industry/corporations Harbour Procedural matters International trade Maritime zone
Geographical area
Africa, Atlantic Ocean Islands, North Atlantic, Sahel, Small Island Developing States, Western Africa
Entry into force notes
This Law enters into force on the day after its publication.
Abstract

This Law, consisting of 51 articles divided into seven Chapters, creates the Special Maritime Economic Zone in São Vicente (ZEEMSV) or Special Economic Zone in São Vicente. ZEEMSV is a legal person under public law endowed with administrative, financial and patrimonial, organizational and regulatory autonomy. It establishes the special legal regime for its organization, development and operation, regulating the administration and management, as well as economic and financial management, superintendence and monitoring, the investment regime, and the establishment and activity, and its relations with the municipality of São Vicente. One of the main duties of ZEEMSV is to promote the development of the island of São Vicente geared towards the best use of its potential in the field of maritime economy, namely for its transformation into a maritime logistics platform for transhipment of cargo and containers, processing, marketing of products of the sea and shipbuilding and repair and an internationally renowned tourist destination in the central Atlantic Ocean.  

Full text
Portuguese
Website
www.legis-palop.org

References - Legislation

Implemented by

Decree-Law No. 69/2020 creating the Authority of the Special Economic Zone of Maritime Economy in São Vicente (AZEEMSV).

Legislation | Cabo Verde | 2020

Keyword: Institution, EEZ-Exclusive Economic Zone, Legal proceedings/administrative proceedings, Navigation, Business/industry/corporations, Harbour, Procedural matters, International trade, Maritime zone

Source: FAO, FAOLEX