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Ukrainian American Bar Association

Free Economic Zone of Crimea

27 Jun 2014 9:53 AM | Anonymous

 The Verkhovna Rada of Ukraine on 19 June 2014 adopted in the first reading draft law No. 4032a of the Law of Ukraine "On Taxation and Customs Control in the Free Economic Zone of Crimea and on Peculiarities of Conducting Business on the Temporary Occupied Territory of Ukraine" (the "Law"). Pursuant to the draft law the Law establishes the Free Economic Zone in the territory of the Autonomous Republic of Crimea and Sevastopol (the "FEZ of Crimea"). The FEZ of Crimea does not extend to the territorial sea and exclusive economic zone of Ukraine, as well as to the territory of temporal location of Black Sea Fleet of the Russian Federation.    Asters.   Read More

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