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Law No. ZR-115 on foreign investments.

Country/Territory
Armenia
Document type
Legislation
Date
1994
Source
FAO, FAOLEX
Subject
Land & soil, Mineral resources, General
Keyword
Framework law Land reform Land tenure Foreign land tenure Exploration Management/conservation Minerals
Geographical area
Asia, CIS (Commonwealth of Independent States), Europe, Europe and Central Asia, Landlocked Developing Nations, Western Asia
Entry into force notes
Entry into force from the date of its official publication.
Abstract

The present Law establishes legal, economic and organizational basis for the realization of foreign investment on the territory of the Republic of Armenia and is aimed at ensuring protection of rights, legal interests and property of foreign investors, creation of pre-requisites for drawing in foreign material and financial resources, introduction and efficient use of advanced technologies of managerial and organizational experience. Foreign investments can be realized in the form of rights for prospecting, extraction, processing or management of natural resources. Foreign investments can be realized through purchase of the right of land tenure and concessions for management of natural resources. The document consists of IV Secs. that contain 25 Arts. Section I (arts. 1-5) lays down general provisions. Section II (Arts. 6- 11) regards state guarantees of protection of foreign investments. Section III (art. 12- 13) regards setting up and cessation of activity of the enterprises with foreign investment. Section IV (Arts. 14- 25) specifies the conditions for functioning of enterprises with foreign investments and operation of foreign investors.

Full text
Russian