Chapter 5. Provision of Conditions for Economic Activities
Article 33 – Employment of labour
Businesses in the special zone for international tourism may employ the labour of the DPRK and foreigners. They may also employ Koreans from the south or abroad.
Article 34 – Currency in circulation
The currency in circulation in the special zone for international tourism shall be the convertible foreign currencies.
The kinds of convertible foreign currencies and the standard currency shall be designated by the special zone for international tourism guidance organ upon agreement with the relevant organ.
Article 35 – Bringing in and out and remitting foreign currency and bringing in and taking out property
Investors may bring into or out of the special zone for international tourism foreign currency and remit their lawful profi ts and incomes.
They are allowed to take out of the territory of the DPRK the property they brought into the special zone for international tourism from other countries and the property they have earned lawfully in the special zone for international tourism when the duration of operation expires.
Article 36 – Taxation
Businesses and individuals in the special zone for international tourism shall pay prescribed taxes according to the relevant legislation.
Taxes shall be reduced or not paid for the enterprises engaged in specially encouraged sectors including construction of airport, railways, road, harbour and power station.
Article 37 – Bringing in and taking out materials
Materials needed for management activities, except for prescribed contraband ones, are allowed to be brought into and taken out of the special zone for international tourism freely.
Article 38 – Exemption and imposition of customs duty
A preferential tariff system shall be enforced in the special zone for international tourism.
No customs duty shall be imposed on the materials needed for the development and business management in the special zone for international tourism and prescribed amounts of offi ce articles and consumer goods needed by investors.
Customs duty shall be imposed on the materials which are on the list of materials exempted from customs duty but to be sold outside the special zone for international tourism and those which are to be brought into the special zone for international tourism but restricted by the state.
Article 39 – Provision of conditions for entry and exit of personnel and means of transport and bringing in and taking out materials
The special zone for international tourism management committee and relevant organs shall satisfactorily provide conditions for the entry and exit of personnel and means of transport and bringing in and taking out materials so as not to hinder the development and business activities in the special zone for international tourism.
When they enter or exit through designated airports, airport charges shall not be imposed.
