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Free Trade Zones/Warehouses
Free Trade Zones (FTZs) operate under Law No. 84/1992. General
provisions include unrestricted entry and re-export of goods as
well as exemption from customs duties and value added tax (for
specific activities performed inside). They also include an
exemption from profit taxes for the duration of a company's
operations in the FTZ. The law further permits the leasing or
transfer of buildings or lands for terms of up to 50 years to
either legal person or natural persons, Romanian and non-Romanian.
Currently, there are six FTZs: Sulina (located at the mouth of the
Danube); Constanta-Sud Agigea (located close to the port of
Constanta, at the entrance to the Black Sea-Danube Canal); Galati
(located about 100 km from the Danube mouth); Braila (located 30
km up the Danube from Galati); Curtici-Arad (located about 30 km
from the cross border with Hungary); and Giurgiu (located on the
Danube, 60 km south of Bucharest)
The administration of each FTZ is responsible for all activities
performed within the zone. FTZs are under the authority of the
Ministry of Public Works, Transportation and Housing.
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Romania Free Zone
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