The Decree of the President of the Republic of Uzbekistan “On additional measures to stimulate the attraction of foreign direct private investment” has been adopted.
The document is aimed at further improving the investment climate, supporting privatization processes, modernizing production facilities, and creating new jobs, especially in regions with excessive labor force.
According to the Decree, enterprises established with the involvement of foreign direct investment and operating in priority industries are entitled to tax incentives for a period of
The benefits apply to all cities and rural settlements of the republic, except for Tashkent city and Tashkent region. At the same time, these restrictions do not apply to companies operating in the tourism and waste management sectors.
Particular attention is paid to the industries to which these incentives apply. The list includes, in particular
production of radio electronics and components, light and silk industry, manufacture of construction materials, food and meat and dairy industries, chemical and medical industries, machine building, tourism, and waste management.
