Free zones
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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.
Development stratery
Founding
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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 FounderZone Founder is a local self-government body, company, i.e. enterpreneur who adopted the decision or concluded contract with other Founder on establishing a zone.
Zone AreaZone Area is the land determined by cadastre plot of land and the surface expressed in respective units of measurement
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