Topic : The role of foreign investment in the development of economy

Decree of the President of the Republic of Uzbekistan "On establishment of free industrial and economic zone in Navoi» №UP - 4059 dated 02.12.2008 also played huge role in order to create favorable conditions to attract foreign investment, to organize modern high-tech industries, providing output that meets international standards and demand in world markets, as well as the development of industrial potential, production, transportation, transit, social infrastructure in the Navoi region.

• During the period of operation of free zones on its territory the special tax, customs, currency regimes, simplified procedures for entry and exit, as well as obtaining permits for employment non-resident citizens of Uzbekistan.
• Business entities exempted from the payment of:
• Land tax;
• Property Tax;
• The income tax;
• Tax improvement and social infrastructure;
• Single tax for small businesses;
• Mandatory contributions to the Republican Road Fund and Republican School Fund

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