Serbovia
Establishing Nation
SERBOVIAN SPECIAL ECONOMIC ZONE AUTHORITY
In the Third Congress of the Social-Nationalist People's Party held in 1998, a decision on the future economic direction of the Serbovian nation was achieved which underlined an increasing need of balancing the national economy with introduction of foreign investment. Subsequently, in 1999, a decision was reached on the establishment of the Komoran Special Economic Zone.
After the success encountered by the Komoran SEZ, a vehicle for increasing economic prosperity of the Serbovian people by attracting foreign investment, the Supreme Leader ordered the creation of a second Special Economic Zone in the Sokol area. Today, the Special Economic Zones of Sokol and Komoran continue to invite foreign investors, and the Serbovian SEZ Authority is in charge of making sure that such investors will receive everything they need.
The Serbovian SEZ Authority works with the governments of the involved Social-Nationalist Republics, local administrations and branches of the Federal government in guaranteeing suitable conditions for foreign investment within the Special Economic Zones. This work includes the establishment and maintenance of appropriate infrastructure and guaranteeing safety, security and public order within the Special Economic Zones.
WHAT IS A SPECIAL ECONOMIC ZONE?
The 1998 Law for the Establishment of Special Economic Zones provides for the establishment of Special Economic Zones at the decision of the Supreme Leader, and sets the following precedents and conditions for the operation of all Special Economic Zones:
* - Exemption of Serbovian and foreign citizens, unless otherwise decided by the Ministry of External Affairs, from regular Serbovian legistlation preventing major enterprise under private ownership
* - Encouragement of Serbovian-foreign joint ventures as well as wholly foreign-owned enterprises within the Special Economic Zones
* - Encouragement of trade and collaboration between enterprises in the Special Economic Zones and public and collective enterprises in the rest of Serbovia
* - Taxation incentives for investment in the Special Economic Zones
* - Primary purpose of the Special Economic Zones is the provision of conditions for export-oriented business, but trade and collaboration between enterprises in the Special Economic Zones and public and collective enterprises in the rest of Serbovia shall be considered a secondary function
FOR WHOM IS A SPECIAL ECONOMIC ZONE?
* - Import-oriented business looking to conduct trade with Serbovia and the League of Free States
* - Secondary sector business in both heavy and light industry