Uzbekistan to create pharmaceutical industrial zones
07/01/2017 13:27
Uzbekistan to create pharmaceutical industrial zones
07/01/2017 13:27
Tashkent, Uzbekistan (UzDaily.com) -- Pharmaceutical industrial zones will be created in four regions of Uzbekistan.
The draft decree of the President of Uzbekistan “On creation of pharmaceutical industrial zones “Boysun-farm”, “Bostonlik-farm”, “Zaamin-farm” and “Syrdarya-farm” was published at the single portal of interactive state services for discussion.
According to the decree, Pharmaceutical industrial zone “Baysun-farm” will be created in Boysun district of Surkhandarya region.
The Government plans to create pharmaceutical industrial zone “Bostonlik-farm” in Bostanlik district of Tashkent region.
Pharmaceutical industrial zone “Zaamin-farm” will be created in Zaaming district of Jizzakh region and pharmaceutical industrial zone “Syrdarya-farm” – in Syrdarya district of Syrdarya region.
Main tasks of the FIZs are attracting direct foreign and local investments to create modern production capacities on production of pharmaceutical goods and medical goods with high added value based on substances and herbal medicines.
FIZs also should ensure complex and efficient use of production and resource potential of Surkhandarya, Tashkent, Jizzakh and Syrdarya regions.
Creation of new modern processing, storage, packaging, deep processing of herbals, production of pharmaceutical and medical products are also among main tasks of these zones.
FIZs will deepen localization of production of pharmaceutical products on the base of local plants and materials on the base of establishing close cooperation relations and development of industrial cooperation between enterprises of Uzbekistan.
According to the draft decree, the FIZs will function for 30 years, but the term can be prolonged.
Special tax and customs preferences will act during operation of FIZs “Boysun-farm”, “Bostonlik-farm”, “Zaamin-farm” and “Syrdarya-farm”.
The participants of the FIZs “Boysun-farm”, “Bostonlik-farm”, “Zaamin-farm” and “Syrdarya-farm” will be exempted from land tax, income tax, property tax of legal entities, tax for improving and developing social infrastructure, single tax payment for small enterprises, as well as mandatory payments to Republican Road Fund, etc.
They are also exempted from customs payments for imported equipment, raw materials, spare parts, construction materials, which are not produced in Uzbekistan and imported to realize the projects.
The participants can receive these preferences for three years, if they invest from US$300,000 to US$1 million. The preferences will be provided for five years if the volume of investments is between from US$1 million to US$5 million.
The investors will receive the preferences for seven years if the volume of investments is between US$5 million to US$10 million. The preferences will be provided for ten years if the volume of investments exceeds US$10 million.
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