President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a Decree “On Measures to Determine Navoi region as a Free Economic Zone for Innovative, High-Tech, Export-Oriented and Import-Replacing Production.”
Enterprises that intend to implement investment projects to create innovative, high-tech, export-oriented and import-substituting industries within the territorial boundaries of Navoi region can now receive the status of a participant in the Navoi free economic zone with a compact location of production facilities in territories with existing or easily created infrastructure.
Enterprises that have received the status of a participant in the Navoi free economic zone are exempt from payment:
These benefits are granted for a period of 3 to 10 years depending on the amount of investments made:
Companies in the FEZ will also be allowed to use the conditions convenient for them, forms of payment and payments for the sale of goods. With respect to these enterprises, tax legislation acts that worsen the position of taxpayers, with the exception of acts regulating the taxation of excisable goods.
For founders of enterprises with foreign investments – participants of the Navoi FEZ and members of their families, from 1 June 2019, an “investment visa” is introduced for a period of up to three years with the possibility of its extension without leaving the republic.