The Free Industrial Economic Zone "Navoi" was created in 2008 at a venue of
The enterprises in FIEZ "Navoi" are exempt from payment of land tax, property tax, income tax, betterment and development of socialinfrastructure tax, single tax payment (for small enterprises), as well as obligatory payments to the Republican Road Fund and theRepublican School Education Fund.
The said tax preferences shall be allocated in the following volumes of direct investments:
• from 3 million euro to 10 million euro - for a period of 7 years;
• from 10 million euro to 30 million euro - for a period of 10 years. In the following 5 years the income tax and single tax payment rates shall be fixed in the amount of 50 percent lower than the rates in force;
• over 30 million euro - for a period of 15 years. In the following 10 years the income tax and single tax payment rates shall befixed in the amount of 50 percent lower than the rates in force.
The acts of tax legislation of the Republic of Uzbekistan that worsen the situation of a taxpayer shall not be applied with regard toeconomic entities registered in the FIEZ "Navoi", excluding the acts that regulate the taxation of excisable goods.
The enterprises registered in the FIEZ "Navoi" shall be released from customs payments for imported equipment, as well as raw, materials and component parts for production of goods for exports for the entire period of operation of the free industrial economic zone.
The equipment, raw, materials and component parts for production of goods for export imported into the
The economic entities registered in the FIEZ "Navoi" shall be allowed in the limits of its territory to undertake settlements and payments in foreign currency in line with agreements and contracts concluded between them, as well as pay in free convertible currencythe supplies of commodities, works and services on the part of economic resident subjects of the Republic of Uzbekistan.
The participants of economic activity and members of their families, foreign nationals and non-residents employed in the limits of theFIEZ "Navoi" shall enjoy the simplified regime of entry, exit, stay and employment.
The issuance and extension of validity terms of visa documents, temporary registration in the
The entry visas to foreign nationals employed in the territory of the FIEZ "Navoi" shall be issued based on written request of the Directorate of the FIEZ "Navoi" to be filed to the Ministry of Foreign Affairs of the Republic of Uzbekistan and to be considered duringan established order, but no more than two business days since the date of application. If another order of issuance of visas, the morefavorable than is foreseen by this Statute, is established by the
It can be learnt in detail about special tax and customs regime from the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of April 23, 2009 ¹120. And about simplified regime of entry, departure, stay and employment of non-residents and stateless persons in the territory of FIEZ "Navoi" can be learnt from the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of April 9, 2009 ¹104.