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LAW OF THE REPUBLIC OF UZBEKISTAN

of February 17, 2020 No. ZRU-604

About special economic zones

Accepted by Legislative house on December 9, 2019

Approved by the Senate on December 14, 2019

Chapter 1. General provisions

Article 1. Purpose of this Law

The purpose of this Law is regulation of the relations in the sphere of the organization of functioning and development of special economic zones.

Article 2. Legislation on special economic zones

The legislation on special economic zones consists of this Law and other acts of the legislation.

If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about special economic zones then are applied rules of the international treaty.

Article 3. Basic concepts

In this Law the following basic concepts are applied:

the investment project - complex of the interconnected actions directed to implementation or investment attraction for receipt of economic, social and other benefits;

the investor - the subject of investing activities performing investment of own and (or) borrowed funds or other attracted investment resources into objects of investing activities for the purpose of profit earning;

special economic zone - the territory with certain borders and special legal regime which is specially allocated for the purpose of attraction of foreign and domestic investments, high technologies and managerial experience for the accelerated social and economic development of the respective region;

special legal regime - set of the precepts of law establishing special conditions for implementation of investing and other business activity in the territory of special economic zones;

The register of participants of special economic zone - the information database containing the information about participants of special economic zone and investment projects;

the master plan of special economic zone - the project document approved by administrative board of special economic zone or managing company of the special industrial zone based on which are performed the layout, building, reconstruction and other types of town-planning development of the territory of special economic zone.

Chapter 2. State regulation in the sphere of the organization of functioning and development of special economic zones

Article 4. Powers of the Cabinet of Ministers of the Republic of Uzbekistan

Cabinet of Ministers of the Republic of Uzbekistan:

provides realization of single state policy in the sphere of the organization of functioning and development of special economic zones;

approves development programs of special economic zones;

approves borders of special economic zones;

forms administrative boards of special economic zones, performs coordination, monitoring and control of their activities;

approves charters of directorates of special economic zones, performs coordination, monitoring and control of their activities;

determines authorized state bodies in the sphere of the organization of functioning and development of special economic zones, exercises control of their activities;

exercises control of timely implementation of investment projects.

Article 5. Authorized state body in the sphere of the organization of functioning and development of special economic zones

Authorized state body in the sphere of the organization of functioning and development of special economic zones:

realizes state policy in the sphere of the organization of functioning and development of special economic zones;

develops drafts of regulatory legal acts in the sphere of the organization of functioning and development of special economic zones;

develops and approves technique of efficiency evaluation of functioning of special economic zones;

will organize interaction of investors, participants of special economic zones and the relevant ministries, state committees and departments at each stage of implementation of investment projects;

will organize work on the solution of the organizational matters connected with implementation of investment projects, including on removal of the available bureaucratic obstacles;

performs monitoring of the course of implementation of investment projects in the territory of special economic zones;

carries out efficiency evaluation of activities of directorate and participants of special economic zones;

will organize execution of decisions of the President of the Republic of Uzbekistan and the Cabinet of Ministers of the Republic of Uzbekistan concerning the organization of functioning and development of special economic zones;

makes in the Cabinet of Ministers of the Republic of Uzbekistan offers on the organization of functioning and development of special economic zones, and also on development of activities of directorates and administrative boards of special economic zones.

Article 6. Development program of special economic zone

Development of special economic zone is performed according to the program which includes:

creation of production infrastructure;

providing development programs of engineering and communication and road and transport infrastructure;

creation of market infrastructure;

package of measures for attraction of foreign and domestic investments according to functional and industry specialization of special economic zone.

Financial provision of the development program of special economic zone is performed at the expense of own resources of zone, private sources, means of the Government budget of the Republic of Uzbekistan, the international financial institutions and the foreign government financial organizations, and also other sources which are not forbidden by the legislation.

When forming the state investing programs of the Republic of Uzbekistan financial provision of development programs of engineering and communication and road and transport infrastructure of special economic zones shall be provided.

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