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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of May 15, 2019 No. UP-5719

About measures for determination of the Navoiy region by the free economic zone for innovative, high, export-oriented and import-substituting technology productions

(as amended on 26-01-2021)

For the purpose of creating favorable conditions for business, development of innovative entrepreneurship and the high-technology industry, and also creation of additional capacities in deep conversion of mineral raw material resources and production competitive on internal and the foreign markets of products in the territory of the Navoiy region:

1. Determine the territory of the Navoiy region the free economic zone for innovative, high, export-oriented and import-substituting technology productions for the period till January 1, 2030 with possibility of the subsequent prolongation of term in accordance with the established procedure.

2. Determine that:

the participant status of the free economic zone of Navoiy (further - SEZ "Navoiy") with compact placement of productions in the territories with the available or easily created infrastructure is provided to the companies realizing in territorial borders of the Navoiy region investment projects on creation of innovative, high, export-oriented and import-substituting technology productions;

termination with participants of SEZ "Navoiy" of investment agreements, suspension and deprivation of their participant status of SEZ "Navoiy" in case of failure to carry out of the undertaken investment obligations are made exclusively judicially.

3. Grant the right to Administrative board of free economic and small industrial zones in the Navoiy region independently to determine again realized investment projects as innovative, high, export-oriented and import-substituting technology productions and provide them participant status of SEZ "Navoiy" in the presence of the positive conclusion of Directorate of SEZ "Navoiy".

4. To khokimiyat of the Navoiy region together with the Ministry of innovative development, the Ministry of Economy and Industry, the Ministry of investments and foreign trade, the Ministry of Finance of the Republic of Uzbekistan and Administrative board of free economic zones and small industrial zones in the Navoiy region to develop and approve procedure for determination of innovative, high, export-oriented and import-substituting technology productions, and also the simplified procedure for selection of investment projects for provision of participant status of SEZ "Navoiy" and registration of her participants in a month.

5. Determine the main directions of development of the Navoiy region as the free economic zone:

development of innovative activities, and also implementation of the best practices and creation of high technology productions;

attraction of direct investments for creation of modern productions on release of export-oriented and import-substituting products with high value added;

ensuring complex and effective use of potential and resource production of the Navoiy region;

creation of clusters on production of chemical products and modern construction materials, conversion of natural stones and other directions of the industry based on local raw materials and materials;

creation of new modern productions in the field of conversion of gemstones and metals, and also implementation of innovative technologies to the sphere of production of jewelry;

deepening of processes of localization of production of high-technology products by development of industrial cooperation between the companies of area;

development of transport and engineering and communication infrastructure of area, first of all the district centers and large settlements, and also creation in the territory of the area of the large logistic center;

training of highly qualified specialists proceeding from the current and perspective demands of economy of the region in profile personnel.

6. Approve structure of the Commission on the organization in the territory of the Navoiy region of the free economic zone for innovative, high, export-oriented and import-substituting technology productions according to appendix No. 1, having conferred on it responsibility for coordination of works on complex development of the Navoiy region and to creation of innovative, high, export-oriented and import-substituting technology productions in its territory.

7. To the companies in the Navoiy region which received participant status of SEZ "Navoiy" features of application of privileges on separate taxes, and also customs payments according to the procedure, established by the Tax code of the Republic of Uzbekistan and the Law of the Republic of Uzbekistan "About special economic zones" are provided.

8. Take into consideration that:

a) privileges, stipulated in Item 7 these Decrees, are provided for a period of 3 up to 10 years depending on amount of the brought investments, including in equivalent:

from 300 thousand dollars of the USA to 3 million US dollars - for a period of 3 years;

from 3 million US dollars to 5 million US dollars - for a period of 5 years;

from 5 million US dollars to 10 million US dollars - for a period of 7 years;

from 10 million US dollars and above - for a period of 10 years;

b) the business entities who received participant status of SEZ "Navoiy" are allowed to use conditions, convenient for them, payment method and calculations for the exported and imported goods;

c) the acts of the tax legislation of the Republic of Uzbekistan worsening situation of taxpayers, except for the acts regulating the taxation of excise goods are not applied to the business entities who received participant status of SEZ "Navoiy";

d) for founders of the companies with foreign investments - participants of SEZ "Navoiy" and members of their families since June 1, 2019 "the investment visa" valid up to three years with possibility of its prolongation without departure from the republic territory is entered.

9. To agency on management of the state assets of the Republic of Uzbekistan together with khokimiyat of the Navoiy region in a month:

transform the state unitary enterprise "Directorate of the free economic zone of Navoiy to joint-stock company "Directorate of the free economic zone of Navoiy (further - JSC Directorate of SEZ Navoi);

create the Center of support of export in structure of JSC Directorate of SEZ Navoi, having determined it the main objectives and activities rendering to participants of SEZ "Navoiy" of assistance in export of products by provision of consulting, intermediary services, the organizations of their participation in exhibition and business actions in the Republic of Uzbekistan and abroad, carrying out by request of participants on commercial basis of marketing researches.

10. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 19.06.2020 No. UP-6011

11. Determine that:

the original authorized capital of JSC Directorate of SEZ Navoi is created at the expense of the property transformed SUE Directorate of the Free Economic Zone Navoi;

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