Liepāja Special Economic Zone
Liepaja Special Economic Zone ( Latvian: ''Liepājas SEZ'') is the only special economic zone in Baltics consisting of seaport, industrial area and international airport. Liepāja Special Economic zone was established in 1997 to develop port operations, cargo handling, logistics, manufacturing and air transportation. The goal of the Liepāja SEZ is to attract investments for the development of the port, manufacturing, and creation of new working places. Operations Companies with SEZ status operating in the free zone have the right to the following tax exemptions: Direct tax rebates * 80% rebate on the applicable Corporate Income Tax; * 80% rebate on the applicable Property Tax. Indirect tax reductions * 0% rate of the Value Added Tax (VAT), applicable for virtually all supplies and services * excise tax and customs duty exemptions The Liepāja SEZ covers approximately which is almost 65% of the city's territory. The SEZ territory consists of: * Port ( land territory, ...
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