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| Law of the KR «On free economic zones in the KR» |
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KYRGYZ REPUBLIC
THE LAW
On Free Economic Zones (FEZ)
in the Kyrgyz Republic
(As amended by Laws of the KR N2 of March 15, 1996,
N78 of September 2000, N109 of December 12, 2001,
N6 of January 12, 2002)
This Law defines legal bases of creation and functioning of FEZ
in the KR.
Chapter I
General Provisions
Article 1. Concept, aims and kinds of FEZ
FEZ in the KR are isolated and hedged in areas specially singled
out on the territory of separate regions, districts and cities of the
KR for:
- the effective involvement of economy of separate regions and
the Republic on the whole into the international division of labor;
- providing favorable conditions for attraction of foreign
capital, technologies and management experience;
- development of economic potential of the territory on the basis
of intergration of foreign capital with material and monetary means of
local enterprises and organizations based on state and private
property;
- creation of a modern productional and social infrastructure;
- saturation of the internal market by products and goods of a
consumer and productional purpose;
- raise of a living standard of population.
In FEZ special legal regimes are established providing for
benefits in the sphere of foreigneconomic and economic activity, and
corresponding withdrawals and additions in legal regulation of labor
relations.
FEZ entities are prohibited to sell combustive-lubricating
substances, alcoholic beverages and tobacco products to natural and
legal persons which are not the FEZ subjects within the territory of
FEZ of Kyrgyz Republic.
The goods produced in the FEZ are prohibited for sale in the
internal market of Kyrgyz Republic if the FEZ good's value added is
less than 30 percent and, with respect to the household appliances
including audio/video devices, such value is less than 15 percent.
Article 2. Conditions for organization of FEZ
A territory given for FEZ and its arrangement are provided
according to this Law and Regulation on FEZ.
The territory of FEZ is out of the customs territory of the KR,
except the foreign economic activity, of which borders are a component
part of the customs border of the KR.
When exported outside the KR, the products produced in FEZ shall
be the products produced in the customs territory of the KR.
Article 3. Zones of export production
(Excluded)
Article 4. Zones for foreign investment attraction
(Excluded)
Article 5. Legislation of the KR on FEZ
This Law, Regulations on FEZ, international treaties and
