To note that over the years of independence in Uzbekistan, a favorable investment climate has been formed, a wide system of privileges, preferences and guarantees has been established by law to protect the rights and interests of foreign investors.
As a result, over 4.2 thousand enterprises with foreign investment in leading industries and sectors of the economy have been created and are successfully operating in the republic. More than 3.0 billion foreign investments are disbursed annually, mostly direct, which account for over 26.6 percent of the total investment in the country's economy, which is concrete evidence of the growing interest and confidence of foreign investors in the stability and reliability of the economy of the republic, and the prospects for its development.
At the same time, the ongoing global financial and economic crisis, toughening competition in global and regional investment markets require additional measures to create a more favorable investment climate in the country, stimulate the attraction of foreign investment for the implementation of projects on modernization, technical and technological renewal of production, as well as liquidation bureaucratic barriers and obstacles in working with foreign investors, preventing illegal interference from the state and regulatory bodies in the activities of enterprises with foreign investment.
In order to create the most favorable investment climate for foreign investors making direct investments in the development of high-tech industries, to strengthen incentives for attracting foreign investments and modern technologies to the regions of the republic, to further strengthen the system of guarantees and benefits for foreign investors and enterprises with foreign investments:
2. To establish that legal entities are provided with tax benefits in the form of exemption from payment of land tax, property tax and tax for the use of water resources, depending on the volume of direct private foreign investments made for a period determined by the decision of the President of the Republic of Uzbekistan.
An enterprise with the participation of direct private foreign investment has the right to enjoy other tax benefits provided for by tax legislation.
3. To establish the procedure in accordance with which, within the framework of investment projects worth more than 50 million US dollars and a share of a foreign investor of at least 50 percent, the construction of the necessary external, outside the production site, engineering and communications networks is carried out at the expense of budgetary funds and other internal sources of financing.
5. Categorically prohibit and consider unlawful the establishment by ministries, departments, state bodies in the field, law enforcement and regulatory bodies, commercial banks of additional requirements and restrictions related to the activities of foreign investors and enterprises with foreign investments.
The General Prosecutor's Office of the Republic of Uzbekistan to establish strict control over unconditional compliance by all bodies of state and economic administration of the current legislation to protect the rights and guarantees of foreign investors, enterprises with foreign investments and take effective measures to prevent violation of the established legislation and bring to justice the guilty officials.
6. Grant the right of the State Commission for tendering the sale of state property to foreign investors (R.S. Azimov) to sell at the request of foreign investors to create enterprises with foreign investment low liquidity objects that are on the balance of state authorities in the field, at "zero" redemption value, without a tender by concluding direct contracts with an investor for specific investment obligations.
7. The Ministry of Foreign Affairs, the Ministry of Internal Affairs of the Republic of Uzbekistan, at the request of ministries, departments, business associations, must ensure that officials and specialists of foreign companies involved in the implementation of investment projects, entry and multiple entry visas for a period of 12 months are issued.
8. The Cabinet of Ministers, with the involvement of the Ministry of Economic Development and Poverty Reduction, the Ministry of Finance, the Ministry of Investment and Foreign Trade, the State Committee on Statistics, the Central Bank of the Republic of Uzbekistan, shall provide, on a systematic basis, broad access in the prescribed manner to foreign investors to the economic information necessary for their implementation. investment activity, including information on the State budget and its execution, monetary policy, indicators of foreign trade and others.
9. The Ministry of Justice, together with the Ministry of Economic Development and Poverty Reduction, the Ministry of Investment and Foreign Trade, establish systematic monitoring of the implementation in practice of legislation on guarantees, benefits and preferences provided for foreign investors and enterprises with foreign investments and quarterly submit information to the Cabinet of Ministers regarding non-observance by ministries, departments and other executors of the provided benefits and preferences.
10. To make amendments and additions to the Decree of the President of the Republic of Uzbekistan dated April 11, 2005 No. DP-3594 “On additional measures to stimulate the attraction of direct private foreign investment” in accordance with Appendix No. 2.
The Ministry of Economy, the Ministry of Foreign Economic Relations, Investments and Trade, together with the Ministry of Justice of the Republic of Uzbekistan and other interested ministries and departments, within one month to submit proposals to the Cabinet of Ministers on amendments and additions to the legislation arising from this Decree.
11. The control over the implementation of this Decree is assigned to the Prime Minister of the Republic of Uzbekistan Sh.M. Mirziyoyev.
APPENDIX No. 2
to the Decree of the President of the Republic of Uzbekistan dated April 10, 2012 No. DP-4434
to the Decree of the President of the Republic of Uzbekistan dated April 10, 2012 No. DP-4434
“The location of these enterprises in all cities and rural settlements of the republic, with the exception of Tashkent city and the Tashkent region”;
1. Products of the electronics industry and the production of components for computer and computer technology.
production of new types of building materials specified in Appendix No. 1a to the Decree of the President of the Republic of Uzbekistan dated March 24, 2005 No. DP-3586.
production of finished industrial-processed food products from local raw materials (excluding alcoholic, non-alcoholic drinks and tobacco products).