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Liepāja Special Economic Zone

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Liepāja Special Economic Zone

Liepāja Special Economic Zone (Latvian: Liepājas SEZ) - is a zone in Liepāja, Latvia with a lowered tax rates, compared to the rest of the territory of Latvia. Liepāja Special Economic zone was established in 1997 for a 20-year period with the aim of developing trade, industry, shipping and air traffic, as well as international freight flow via Latvia. The goal of the Liepāja SEZ is to attract investments for the development of manufacturing and infrastructure, and creation of new jobs.

Contents

Companies with SEZ status operating in the free zone have the right to the following direct tax exemptions:

  • 80% allowance on corporate income tax;
  • 80% - 100% allowance on real estate tax.
  • The Liepāja SEZ covers approximately 30 km² which is almost 65% of the city territory. The SEZ territory consists of:

  • Port (3.7 km² land territory, 8.1 km² - aquatorium).
  • Industrial area of the town with total area - 5.427 km²
  • Liepāja International Airport with total area - 2.511 km², it being the second largest airport in Latvia
  • Former military base Karosta with total area approximately 20 km².
  • More than 20 km² of Liepāja SEZ territory are classified as "free territories", which are available for potential investors for development of business.

    Legislation

    Law on Liepāja's Special Economic Zone - http://www.portofliepaja.lv/lv/mm/Law on Liepaja Special Economic Zone.pdf

    Companies working in Liepājas SEZ

    As of 2007 more than 30 companies carry out their business in Liepāja SEZ:

    KRASTS INVESTS, LSEZ Ltd. Certificate SEZ No.1 (29.01.1998) Cold storage services, cargo handling

    TERRABALT, LSEZ Ltd. Forwarding, ships' agency, stevedoring services, customs broker

    DUNA, LSEZ Ltd. Stevedoring services, forwarding, ships' agency.

    LASKANA, LSEZ Ltd. Wood-working industry, stevedoring services, forwarding, ship's agency

    MOLS-L, LSEZ Ltd. Stevedoring services, cargo storage

    TRANSWIDE SERVICES, LSEZ Ltd. Stevedoring services, forwarding

    LIEPĀJAS OSTA LM, LSEZ Jsc. General/ bulk cargo terminal, forwarding agency, ship's agency, chartering, bonded warehouse

    PIEMARE, LSEZ Ltd. Full agency, stevedoring services, cold storage

    SOLO-L, LSEZ Ltd. Bonded warehouses

    LIEPĀJA TRANS STORAGE, LSEZ Ltd. Free customs zone warehouses

    LIEPĀJA BULK TERMINAL, LSEZ Ltd. Free customs zonewarehouses

    KURSA, LSEZ Jsc. Fish industry, off-shorefishing, cold storage

    PUMAC LIEPĀJA, LSEZ Ltd. Metal processing, assembling

    DU CONS, LSEZ Ltd. Wood processing

    ERKE, LSEZ Ltd. Furniture production

    ELME MESSER METALURGS, LSEZ Ltd. Technical oxygen production

    BALTIC TRANSSHIPMENT CENTER, LSEZ Ltd. Stevedoring services, distribution of grain products

    E.T.B., LSEZ Ltd. Metal processing, tile production, road transportation

    RT metāls, LSEZ Ltd. Metal processing

    SCAN-PLAST, LSEZ Ltd. Production of plastic goods and chemical materials

    EUROSTEEL, LSEZ Ltd. Metal processing

    GLEN OIL, LSEZ Ltd. Stevedoring services

    DG Termināls, LSEZ Ltd. Stevedoring services

    PK- Invest, LSEZ Ltd. Fish industry

    KOLUMBIJA LTD, LSEZ Ltd. Fish industry

    LESJOFORS SPRINGS LV, LSEZ Ltd. Metal processing

    DAN STORE, LSEZ Ltd. Cargo storage

    PLUS PROCESS LIEPAJA, LSEZ Ltd. Production of electronic benchboard

    BALTIC TIMBER PRODUCTS, LSEZ Ltd.

    J.J.STAL, LSEZ Ltd. Metal processing

    Baltic Timber Industries, LSEZ Ltd. Wood processing

    AE Partner

    Hidrolat

    IG Baltic

    IG Latvia

    Transit Service

    Caljan Rite-Hite Latvia

    Kohsel

    References

    Liepāja Special Economic Zone Wikipedia