Latgale Special Economic Zone Law

Original Language Title: Latgales speciālās ekonomiskās zonas likums

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Read the untranslated law here: https://www.vestnesis.lv/op/2016/108.1


The Saeima has adopted and the President promulgated the following laws: Latgale special economic zone law chapter I General provisions article 1. The purpose of the special law of Latgale economic zone is created with the aim of promoting the development of the region of Latgale, attracting investment in production and infrastructure development and job creation. 2. article. The scope of the law (1) this law determines the Latgale special economic zones creation, management and use. (2) this Act does not apply to Rezekne special economic zone and areas under the Rezekne special economic zone law. 3. article. Latgale special economic zone territory area (1) total area, which can be assigned a special of Latgale economic zone status, must not exceed five percent of Latgale planning region within the municipal territory of the total area. (2) each of the planning region Latgale within the municipal area, which can be assigned to a special economic zone status, determined by the Cabinet of Ministers. (3) proposals for each planning region Latgale within the local authority area of the site to be determined, which can be assigned to a special economic zone status, and prepare legislation moving in accordance with the procedure laid down for the approval of the Cabinet of Ministers of the environment and regional development Ministry, on the basis of the Latgale planning region Development Council decision. 4. article. Latgale special economic zones and border demarcation of the territory (1) after the adoption of this law, article 3 of the decision referred to in the second paragraph, a special of Latgale economic zone authority shall decide on the special of Latgale economic zone to each municipality's territory and its borders. Area boundaries approved by a general administrative measure, which shall enter into force after its notification. (2) the first paragraph of this article shall notify the decision by publishing them to the region of Latgale planning home page on the internet. (3) the Latgale special economic zone territory boundary detection and escalation procedures and criteria determined by the Cabinet of Ministers.
5. article. Investment and business activities of Latgale special economic zone (1) of Latgale special economic zone corporation is a corporation that does business in the special economic zone of Latgale and have entered into a contract with a special of Latgale economic zone management for investments in the territory. Latgale special economic zone corporation are eligible for direct tax relief and the application of indirect tax legislation on the free ports and special economic zones. (2) commercial special of Latgale economic zone out of Latgale special economic zone corporation and other economic operators. (3) the Latgale special economic zone Corporation provides special of Latgale economic zone territory from imported, manufactured and exported the goods in this area.
Chapter II special of Latgale economic zone management article 6. Latgale planning region Development Council functions of Latgale special economic zone management planning of Latgale region Development Council: 1) creates a special of Latgale economic zone management, which is the region of Latgale planning authority or the Department; 2) confirms the special of Latgale economic zone management rules and amend. Regulations are being developed, taking into account this statutory management function; 3) assess Latgale special economic zone management performance; 4) confirms the Latgale special economic zone development plan in accordance with this law, State and local interests, as well as approve the special of Latgale economic zone management action plan and the annual budget; 5) determines the criteria according to which the territory being divided between the municipalities of the area, which can be assigned to a special economic zone status. 7. article. The special economic zone of Latgale in the regulatory functions of Latgale special economic zones: 1) contracts with Latgale special economic zone corporation on investments in the special economic zone of Latgale; 2) issued special of Latgale economic zone enterprises permission for the right to apply the law "on the free ports and special economic zones" the tax incentives provided for; 3) down the free zones and their limits, in coordination with the State revenue service questions about compliance with the free-zone procedure for implementation; 4) conclude contracts for Latgale special economic zones in the territory for the leasing of immovable property; 5) controls the execution of contracts; 6) provide special of Latgale economic zone development plan in accordance with this law, State and local interests, as well as participating in the implementation of the said plan; 7) draw up its annual budget; 8) organizes special of Latgale economic zone territory exploration and evaluation, conducted the necessary attraction of investors in the market research and organize investors Association; 9) provides the services of Latgale special economic zone corporation and other business operators; 10) this law provided for in article 4 of the Latgale special economic zone territory and their borders to include the identification of the related transaction; 11) carry out other tasks to achieve the purpose of this Act. 8. article. Latgale special economic zone (1) specialty of Latgale economic zone consists of: 1) budget revenue in Latgale special economic zones as a result of the transaction, as well as providing paid services; 2) contributions from the State budget and municipal budgets; 3) contributions from various funds. (2) special economic zone of Latgale budget spent: 1) Special of Latgale economic zone management; 2) specialty of Latgale economic zone infrastructure development. 9. article. Latgale special economic zone business support fund

(1) the Latgale planning region Development Council may establish special of Latgale economic zone business support fund. (2) Special of Latgale economic zone business support fund aims to encourage the special economic zone of Latgale. (3) Special of Latgale economic zone business support fund holder and Manager of Latgale is a special economic zone authority. (4) Special of Latgale economic zone business support fund budget comprises donations and gifts, natural and legal persons, as well as mērķiemaks other income. (5) Special of Latgale economic zone business support fund established special of Latgale economic zone business support fund rules. 10. article. Permission to apply for tax relief (1) specialty of Latgale economic zone administration issued permission to apply tax incentives (hereinafter permit) certifies that the Corporation is entitled to apply the law on taxation of free ports and special economic zones proposed direct tax relief, subject to the conditions of State aid. (2) a copy of the authorisation of Latgale special economic zone Office of the State revenue service lodged and the relevant local authority. (3) the permit be cancelled only by the laws of the free ports and special economic zones established or when special of Latgale economic zone authority or other legally authorized national institution of legal proceedings for the termination of the contract with Latgale special economic zone corporation and the withdrawal of the authorisation issued by the Corporation. 11. article. Real estate special of Latgale economic zone (1) a State or municipality-owned the real estate located in Latgale special economic zones in the territory, is transferred to the management of Latgale special economic zone authority, if necessary. National real estate of Latgale special economic zone authority in the management of the transferred ministries who is in possession of the real property. The municipal real estate of Latgale special economic zone authority in the management of the transferred to the Municipal Council's decision. Latgale special economic zone authority in the management of the existing real estate property on behalf of a State or local government without special authorisation only on the basis of this law can rent special of Latgale economic zone enterprises and other economic operators. (2) special economic zone of Latgale office lease for a public person-owned real estate may be close for a period not exceeding 30 years. The rest of the real estate is leased under the procedures laid down in the laws. 12. article. Commercial support for control special of Latgale economic zone management are complied with in the business support regulatory control laws.
Chapter III final provisions article 13. The special economic zone of Latgale-Latgale period special economic zone exists until 2035 31 December. 14. article. Latgale special economic zone liquidation or reorganisation of Government by special of Latgale economic zone expiry of Latgale special economic zone authority is dissolved or reorganized Latgale special economic zone management rules. 15. article. Latgale special economic zone status of the territory changes impact on the special economic zone of Latgale-Latgale corporations special economic zone status of the territory changes do not affect the rights of investment to receive direct tax relief legislation on taxation of free ports and special economic zones established in Latgale it special economic zone corporation, which with special of Latgale economic zone administration has contracted for investments. The Parliament adopted the law of 19 may 2016. The President r. vējonis 2016 in Riga on June 6.