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LAW OF THE REPUBLIC OF ARMENIA ON FREE ECONOMIC ZONES (Law edited by HO-395-N of 3 October 2018).

Country/Territory
Armenia
Document type
Legislation
Date
2011 (2018)
Source
FAO, FAOLEX
Subject
General
Keyword
Business/industry/corporations Contract/agreement Quarantine Water supply Waste disposal Energy conservation/energy production Transport/storage
Geographical area
Asia, CIS (Commonwealth of Independent States), Europe, Europe and Central Asia, Landlocked Developing Nations, Western Asia
Entry into force notes
This Law enters into force on the date of its official publication.
Abstract

This Law shall regulate relations pertaining to the establishment, organization and liquidation of free economic zones. Free economic zones shall be established through engagement of investments, creation of new jobs, promotion of export for the purpose of contributing to the social and economic development of the Republic of Armenia. Free economic zone shall be intended a part of the territory of the Republic of Armenia, determined by the Government based on the initiative of the Government or a private initiative, pursuant to this Law, wherein entrepreneurial and other activities are carried out in compliance with the peculiarities prescribed by this Law, the Agreement and the Customs Code of the EaEU, and where the customs procedure of “free customs zone” may be applied. The criteria for selecting the Organizer of free economic zone shall be as follows: (a) the amount, forms, orientation and time limits of investments of the Organizer; (b) the number of jobs to be created by the Organizer; (c) the list and tariffs of services provided by the Organizer; (d) measures for international recognition of the free economic zone and brand promotion, including availability of marketing contracts and engagement of Operators of free economic zone, including the engagement of international brands, works aimed at assisting in the export of goods produced and services provided in free economic zone, and expected outcomes; (e) forms of expected state assistance; (f) justification on the need for establishing a free economic zone and selecting its location (only in case of a private initiative). The authorized state body shall conclude relevant contract with the Organizer on behalf of the Government. Mandatory requirements to a free economic zone shall include: (a) provision with facilities for bringing in cargo transportation means, including railway transport means, as well as with a parking lot and a blind alley; (b) demarcation with a border in compliance with the technical requirements to the borderline approved by the Government; (c) provision with conditions and technical means necessary for exercising customs control and carrying out customs operations by officials of customs authorities; (d) provision with security, first-aid and fire prevention systems with regard to the respective territory; (e) provision with uninterrupted water supply and water drainage, energy supply, gas supply, waste disposal and means of communication (at least telephone communication and Internet); (f) provision with relevant means of complying with sanitary and hygienic norms; (g) availability of a quarantine service area; and (h) provision with logistics equipment for the preservation of goods, as well as with equipment and other means necessary for loading, unloading and transportation means and storage facilities.

Full text
Russian
Website
www.arlis.am