The development of SEZs is of a strategic nature, of general interest, and a public utility. Therefore, legal entities, goods, services and activities established in SEZs are subject to special regulations with regard to guarantees, benefits, and economic, financial, tax, legal and commercial protection.
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Please note that the original publication date of this alert is 1 August 2022.
1 Organic Law of Special Economic Zones dated 20 July 2022 (published in Official Gazette No. 6,710). The constitutionality of this law had been previously declared through Decision No. 0250 dated 6 July 2020 by the Constitutional Chamber of the Supreme Court of Justice.
2 Constitutional Anti-Blockage Law for National Development and Guarantee of Human Rights (published in Official Gazette No. 6,583 Extraordinary dated 12 October 2020).
3 Decree with Rank, Value and Force of Law of Integral Regionalization for the Socio-Productive Development of the Homeland (published in Official Gazette No. 6,151 of 18 November 2014). This Law created the SEZ of the Palavecino and Iribarren Municipalities of the State of Lara without any positive result.