The legal frame settling the activity of Galati Free Zone:
* Law no. 84 of July 21st, 1992, concerning the regime of free zones in Romania.
* Romanian Government Decree no. 190 of April 29,1994 concerning the setting up of Galati Free Zone and of the Administration of Galati Free Zone.
* Romanian Government Urgency Decree no. 31 of June 16, 1997, concerning the regime of foreign investments in Romania.
Incentives offered by the Romanian legislation (Law 84):
* The means of transporting, merchandise or other goods coming from abroad or bound to other countries which enter or exit the Free Zone will be exempt of custom duties and taxes.
* For the activities carried out within Free Zone, the companies will be exempted from payment of VAT, excises and income taxes throughout the period of their activity.
* Upon liquidation or reducing of activity carried out within the free zone, foreign natural and legal persons may transfer abroad the capital and the profit, after having paid all their debits to the Romanian state and to their contractual partners.
* The means of transporting the merchandise and other goods of Romanian origin or imported entering in the free zone from the Romanian customs territory may be introduced in the free zones providing that the legal formalities regarding export or temporary export are fulfilled.
* The materials and accessories that enter the free the free zones to be used for the manufacturing of other goods shall be exempt from customs duties, provided that formalities for export are carried out.
* The goods of Romanian origin used for construction, repairs and maintenance of objectives within the free zones are free of customs duties.
* The goods may be transported from one free zone to another without any customs duties.
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