TASHKENT (TCA) — A new small industrial zone will soon be created in the town of Yangiyer in Uzbekistan’s Syrdarya province, the Jahon information agency reported.
A draft decree of the President of Uzbekistan “On the establishment of a small industrial zone in the city of Yangiyer in the Syrdarya region” has been published in Uzbekistan for public comment.
The planned industrial zone will focus on accelerated development of small businesses, provision of employment, increase in entrepreneurial incomes in the Syrdarya region, and enhancement of localization of high-tech production on the basis of local raw materials.
The estimated period of its operation is 30 years with possible extension. It will mainly host small businesses, which will be selected by a Coordination and Management Council.
The construction of external engineering services and infrastructure will be free of charge for the members of the industrial zone, and funded by Uzbekenergo, Uztransgaz and other suppliers of engineering and communication services, as well as by the local budget of the Syrdarya region.
Other advantages for entrepreneurs include exemption from the land tax, income tax, legal entity property tax, tax for the improvement and development of social infrastructure, single tax payment for micro firms and small enterprises, as well as mandatory contributions to the state funds.
In addition, the government is ready to release companies from customs duties for equipment, raw materials and components, as well as metal and construction materials imported for the production needs.