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Establishing Zone Area
The zone area shall be established when the Government grants Approval. The rights of the zone founder, company for zone management and zone user, laid down by the Law on Free Zones, may not be diminished by any other law or regulation. The company for the zone management shall submit the application to the Government through the Ministry of Finance to obtain the approval for establishing the zone area.
Zone founder is a local self-government body, company, i.e. entrepreneur who adopted the decision or concluded contract with other founder on establishing a zone.
Zone area is the land determined by cadastral plot of land and the surface expressed in respective units of measurement.
Legal ground for Free zones
Bearing in mind the historical development of free zones and their evolution and hefty expansion in the last decades of the twentieth century, we observe that the initial idea of “economic easement” in favor of other countries, as well as the legal setting developed on bilateral or multilateral contracts, has given way to national laws on free zones. Every country regulates, by its own laws, the degree of freedom and conveniences offered to foreign, and not infrequently, to its own investors.
The statutory system regulating free zones in Serbia exists through the Law on Free Zones ( “Official Gazette RS” No. 62/06) and Customs Law (“Official Gazette RS”, No. 73/2003, 61/2005, 85/2005-other law and 63/2006- corrected other law), as well as through subordinate legal acts delegated to these laws. Individual issues related to the zones operation are considered in special laws, system laws for some other areas, such as taxes, foreign exchange policies, construction, insurance, etc.
Free zones are...
Fenced and marked part of the Republic of Serbia's territory where activities are carried out with many business benefits. Preferential customs treatment, tax relief and simlified administrative procedure make free zones investment attractive. free zones represent highly developed centers of technology, telecomunications, modern infrastructure and industry and logistic support.