FIEZ Navoi produces goods for 18.7bn soums in 1Q
01/05/2013 15:42
FIEZ Navoi produces goods for 18.7bn soums in 1Q
01/05/2013 15:42
Tashkent, Uzbekistan (UzDaily.com) -- Free industrial and economic zone “Navoi” produced goods for 18.7 billion soums in the first quarter of 2013, a publication of the Ministry of Economy and State Statistics Committee of Uzbekistan said.
The report said that currently 12 enterprises operate at FIEZ Navoi and they produced goods worth 18.7 billion soums in the first quarter of 2013.
The state bodies underlined that six investment projects with total cost of over US$48 million are implemented at the zone.
According to the report, eight investment projects for US$185.8 million are implemented at special industrial zone Angren.
Measures on creation of special industrial zone Jizzakh with branch in Syrdarya district of Syrdarya region were determined and implementation of the measures was started.
Navoi FIEZ was created in line with the presidential decree from 2 December 2012. The zone has been established on the territory of one of the most developed industrial centers of Uzbekistan, in Navoi region.
Offering foreign investors a wide range of opportunities for doing business and initially endowing them with important competitive advantages, the Navoi FIEZ provides all the necessary conditions for establishment of industrial complexes with full production cycle from raw materials to manufacturing finished goods.
Angren special industrial zone was created on 13 April 2012 in line with the presidential decree in Tashkent region. The zone will function for 30 years.
During operation of the special industrial zone, special tax regime and customs preferences will be applied in its territory. Administrative council of SIZ Angren will provide status of participant of the special industrial zone.
President of Uzbekistan Islam Karimov signed a decree for creation of new special industrial zone Jizzakh on 18 March 2013.
The zone was created in line with a memorandum of understanding on implementation of project on creation of Uzbek-Chinese industrial park in Uzbekistan. It was created to form favourable conditions for attracting foreign and local investments to creation of high technologic industrial capacities, production of competitive products with high added price, complex and effective use production and resource potential of Jizzakh and Syrdarya regions.
The special zone was created for 30 years with possibility of extension. The decree set tax and customs preferences for enterprises, operating in the zone. The enterprises, located in the zone, will be exempted from payment of income tax, property tax, tax for accomplishment and social infrastructure, single tax, and mandatory payments to Road Fund.
They will be also exempted from payment of customs duties for imported materials, equipment and spare parts, which are not produced in Uzbekistan.
The preferences will be provided from three to seven years based on the volume of investments. The investors will be get these preferences for three years, if they invest US$300,000, five years – for investments from US$3 to US$10 million and seven years – for investments for above US$10 million.
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