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The other day the President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a decree, according to which small industrial zones (SEZ) will be created better conditions for their activities.
It was also envisaged to allow SEZs to formalize ownership of buildings and structures built at their own expense. Privatization of the building is subject to the full performance of investment obligations.
In case of non-compliance and failure of the participant to implement the investment project within 3 months from the date of its placement will be grounds to terminate the contract unilaterally.
The President also instructed to exempt the MPZ from the land tax until July 1, 2022.
The Minister of Finance of the Republic of Uzbekistan - Jamshid Kuchkarov is responsible for execution and coordination of departments and relevant ministries
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