- 16.02.2022
- Posted by: admin
- Category: SUBJECTS
The state guarantees for the subjects of free economic zone
The state shall guarantee the protection of the rights of subjects of free economic zones on the territory of the free economic zone defined by the legislation of the Republic of Tajikistan.
The system of state guarantees for protection of property and investments and the use of land stipulated by the legislation of the Republic of Tajikistan shall be applied to the subjects of free economic zone.
Subjects of free economic zone shall be guaranteed to transfer abroad their incomes and other amounts in foreign currency obtained legally as a result of their activity in the free economic zone, after taxes.
The state shall guarantee the full and unconditional protection of the rights and the legal interests of the subjects of free economic zones after the liquidation of the free economic zone in accordance with the current legislation of the Republic of Tajikistan.
In the case of early liquidation of the free economic zone, the subjects of the free economic zone shall be guaranteed the right to continue the activities under the registration and conditions effective at the moment of obtaining the status of a subject of free economic zone.
FEZ “Panj” subjects rights
- create joint organizations with foreign and domestic investors attendance;
- implement economic activity basing on agreements, easily choose partner and subject of agreement, define liabilities, and also any other conditions of economic relations;
- independently implement foreign-economic activity, carry out barter and intermediary deals, and also reinvestments, if these deals nature does not contradict to the legislation of the Republic of Tajikistan;
- without limitation take credits from foreign banks, companies and organizations, attract foreign insurance companies for carrying out all kinds of insurance deals;
- make any investments in free economic zone that are not prohibited by the legislation of the Republic of Tajikistan;
- land utilization basing on agreement regarding long-term rent, sublease of land, property, property rights and transfer of rights for use due to sides’ mutual agreement, signing rent agreement or their assignees, and also other property and non-property rights;
- hire foreigners and the Republic of Tajikistan citizens in contract base;
- implement any other activity that is not prohibited by current legislation of the Republic of Tajikistan.
FEZ subject has right to implement entrepreneurship activity outside FEZ on the territory of the Republic of Tajikistan, following general rules provided by the legislation of the Republic of Tajikistan.
Ensuring the Rights and Interests of FEZ Entities
The Government shall ensure the loyalty and compliance with the legitimate interests of all FEZ entities operating within the territory of FEZ “Panj”
FEZ “Panj”shall, in accordance with the legislation of the Republic of Tajikistan and international rule of law, ensure the following:
- Legal protection of investments;
- Protection of copyrights of FEZ entities;
- Equal treatment of foreign and domestic investments;
- Non-discrimination toward organizations having foreign investments.