Ventspils Free Port
Ventspils Free Port is a Logistics Hub located in Ventspils, Latvia, established in 1997, with Free Port of Ventspils Authority listed as its governing authority.
Key Facts
| Type | Logistics Hub |
|---|---|
| Location | Ventspils, Latvia |
| Year Established | 1997 |
| Area | 150 hectares |
| Companies | 130 |
| Governing Authority | Free Port of Ventspils Authority |
| Status | operational |
Recorded Benefits and Incentives
The zone offers an 80% reduction in Corporate Income Tax, resulting in a 4% rate. Real Estate Tax is also reduced by 80%, to a 0.3% rate. Dividends distributed to companies within the SEZ are subject to a 4% profit tax instead of the standard 20%. Reliefs are provided on indirect taxes, including Value Added Tax, Excise, and Customs Duties.
Verify eligibility and current terms with the zone authority.
About Ventspils Free Port
The Ventspils Free Port is a major logistics hub in Latvia, situated on the Baltic Sea coast. It offers advanced port infrastructure for cargo handling, including crude oil, oil products, chemicals, and fertilizers. The port provides competitive conditions for industrial and logistics operations, aiming to attract investment and foster regional economic development.
Frequently Asked Questions
What type of zone is Ventspils Free Port?
Ventspils Free Port is a Logistics Hub.
Where is Ventspils Free Port located?
Ventspils Free Port is located in Ventspils, Latvia.
When was Ventspils Free Port established?
Ventspils Free Port was established in 1997.
Which governing authority is listed for Ventspils Free Port?
SEZ Explorer records Free Port of Ventspils Authority as the governing authority for Ventspils Free Port. Confirm its current jurisdiction and remit with the authority.
Which benefits and incentives are recorded for Ventspils Free Port?
SEZ Explorer's current record lists: The zone offers an 80% reduction in Corporate Income Tax, resulting in a 4% rate. Real Estate Tax is also reduced by 80%, to a 0.3% rate. Dividends distributed to companies within the SEZ are subject to a 4% profit tax instead of the standard 20%. Reliefs are provided on indirect taxes, including Value Added Tax, Excise, and Customs Duties. Verify eligibility and current terms with the zone authority.