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Xinhua General News Service, China
December 27, 2012 Thursday 1:16 AM EST
Armenia mulling new free economic zone for jewellery
YEREVAN Dec. 27
The Armenian government is considering setting up a new free economic
zone for jewellery.
Economy Minister Vahagn Lalayan said in a statement Thursday the
proposed zone would be located at Yerevan's "Zvartnots" international
airport.
The establishment of such zones is aimed at attracting foreign
investment that will stimulate exports, create new jobs and ensure
sustainable economic development.
Organizations and firms operating in the free economic zones are
exempted from profit tax, VAT, customs fees, corporate tax and
property tax.
December 27, 2012 Thursday 1:16 AM EST
Armenia mulling new free economic zone for jewellery
YEREVAN Dec. 27
The Armenian government is considering setting up a new free economic
zone for jewellery.
Economy Minister Vahagn Lalayan said in a statement Thursday the
proposed zone would be located at Yerevan's "Zvartnots" international
airport.
The establishment of such zones is aimed at attracting foreign
investment that will stimulate exports, create new jobs and ensure
sustainable economic development.
Organizations and firms operating in the free economic zones are
exempted from profit tax, VAT, customs fees, corporate tax and
property tax.