The President signed the Decree “On the Establishment of the Chirocci Free Economic Zone” in the Kashkadarya Region in order to create favorable conditions for developing the production potential of the Kashkadarya Region and attracting direct investment in the production of high-tech and export-oriented products.
The term of functioning of the FEZ “Chirocci” is 30 years with the possibility of its further extension. Participants of the FEZ “Chirocci” are exempt from paying:
land tax, income tax, property tax for legal entities, a single tax payment for microfirms and small enterprises, as well as mandatory contributions to the Republican Road Fund and extrabudgetary Fund for the development of the material and technical base of educational and medical institutions under the Ministry of Finance of the Republic of Uzbekistan;
customs duties (except customs clearance fees) for equipment, raw materials and components imported for own production needs;
customs duties (except customs clearance fees) for construction materials that are not produced in Uzbekistan and imported as part of project implementation.