This English page is a reference summary prepared from the Russian-language archival material on the company website. It is not an official or certified legal translation and should not be relied upon as legal advice.
Section 1: General principles
The law describes Rason as a DPRK special economic zone with preferential economic policies. It addresses eligible investors, priority industries, protection of investor property and rights, the role of the management committee, personal security, and the relationship between zone regulations and international agreements.
Section 2: Development of the zone
The material sets out development principles, planning, approval of development enterprises, land leases, infrastructure construction, environmental protection, and procedures for completion and operation of development projects.
Section 3: Management of the zone
The management framework covers the Rason municipal authorities, the zone management committee, preparation and implementation of management rules, investor services, inspections, registration and the handling of administrative matters.
Section 4: Establishment and operation of enterprises
The material covers company establishment, registration, business scope, contracts, land and building use, natural resources, employment, minimum wages, advertising and internationally recognized accounting standards.
Section 5: Customs duties
A preferential tariff system is described, including categories of duty-free goods, circumstances in which duties become payable, customs declarations and retention of customs documentation.
Section 6: Currency and finance
The law material addresses settlement currencies, foreign exchange controls, establishment of banks, enterprise accounts, borrowing, insurance and securities transactions.
Section 7: Incentives and preferences
Provisions summarized in the source material include repatriation of lawful income, support for import/export activities, profit-tax rates, possible tax reductions, land-use preferences, benefits for development enterprises, reinvestment incentives, intellectual-property protection, business services, tourism and entry/exit procedures.
The source material states a corporate income-tax rate of 14% of net profit in the zone and 10% for enterprises in priority sectors. Current rates and eligibility should be independently verified before making business decisions.
Section 8: Complaints and dispute resolution
The final section addresses complaints, mediation, arbitration and court proceedings, including the possibility of using DPRK or qualifying foreign international arbitration institutions subject to the applicable rules.
Appendix
The appendix addresses entry into force and authority to interpret the law.
Rason SEZ — background from the archived source
The archived company material describes Rason in northeastern Korea, close to China and Russia, as a region with ports, railway and road connections and potential for trade, logistics, investment and tourism. It references Rajin, Sonbong and Ungsang ports and transport links toward Khasan and neighboring areas.
Figures, legal provisions and infrastructure descriptions on this page are historical/reference material from the source website and do not constitute confirmation of current law, sanctions, border rules, transport availability or infrastructure conditions.