Small industrial zone to be created in Yangiyer
30/12/2016 17:20
Small industrial zone to be created in Yangiyer
30/12/2016 17:20
Tashkent, Uzbekistan (UzDaily.com) -- Government of Uzbekistan is planning to create small industrial zone in Yangiyer city of Syrdarya region.
The portal on discussion of normative-legal acts published a draft resolution of the Cabinet of Ministers “On creating small industrial zone in Yangiyer city of Syrdarya region”.
According to the document, small industrial zone will be create to develop industrial potential of Yangiyer, form favourable conditions for attracting investments to create new production capacities by small businesses, create new jobs and increase income of population.
The draft resolution noted that the industrial zone will function within 30 years. The term of the functioning of the zone can be extanded.
The document said that industrial production capacities of small businesses will be placed in the territory of industrial zone.
The projects on creating modern production capacities in the field of textile, footwear, leather products, chemical, food and electronics goods, construction materials, deep processing of fruits and vegetables, etc.
Government will provide tax and customs preferences to participants of the zone, including they will be exempted from payment of land tax, income tax, property tax for legal entities, etc.
At import of equipment, raw materials, materials and spare parts, which are required in production process will be exempted from payment of customs duties. These preferences will be provided for three years if the investments volume exceeds 2,000 size of minimal salary.
If the revenue of the participant is lower than 1,000 size of minimal salary, the enterprise will stripped from preferences.
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