Benefits and Privileges
Companies registered in Navoi FEZ are exempted from all types of taxes including:
- land tax;
- property tax;
- profit tax of legal entities;
- social infrastructure development tax;
- unified tax payment for micro firms and small-scale enterprises;
- compulsory contributions to the Republican Road Fund and off-budget Republican School Fund.
The privileges are available depending on the amount of foreign direct investments:
- from 300 thous. to 3 million USD - for 3 years;
- from 3 to 5 million USD - for 5 years;
- from 5 to 10 million USD - for 7 years;
- over 10 million USD - for 10 years. For the following 5 years rates of profit tax of legal entities and unified tax payment for micro firms and small enterprises are fixed at the level of 50 percent of current rates.
Companies registered in Navoi FEZ are exempted from customs duties (except for customs clearance) for imported equipment, and raw materials and components for the production of products for export for the entire period of operation of Navoi FEZ.
Special currency exchange regime allows companies registered in Navoi FEZ to:
- exercise payments in foreign currency within FEZ in accordance with the agreements and contracts concluded between them;
- pay in freely-convertible currency for the supply of goods, works and services performed by the business entities - residents of the Republic of Uzbekistan;
- use any convenient conditions and forms of payments for exported and imported goods.