of April 11, 2005 No. UP-3594
About additional measures for stimulation of attraction of direct private foreign investments
For the purpose of further improvement of the investment climate in the country, broad attraction of private direct foreign investments for program implementation of privatization, upgrade, modernization and reconstruction of production, creation of new workplaces in excess working regions of the republic, and also providing reliable legal protection and guarantees for foreign investors:
1. To the companies created with attraction of direct foreign investments and specializing in production (rendering services) in economy industries according to the list according to appendix features of application of privileges on separate taxes according to the procedure, established by the Tax code of the Republic of Uzbekistan are provided, in case of amount of direct private foreign investments:
from 300 thousand dollars of the USA to 3 million US dollars - for a period of 3 years;
over 3 million US dollars to 10 million US dollars - for a period of 5 years;
over 10 million US dollars - for a period of 7 years.
2. Determine that the privileges on separate taxes established by the Tax code of the Republic of Uzbekistan, specified in Item 1 of this Decree are applied in case of placement of the specified companies in all cities and rural settlements of the republic, except for Tashkent and areas and the cities of the Tashkent region referred to categories 1 - 3. This territorial restriction does not extend to the companies performing activities in the field of tourism and the address with waste.
3. Assign to the Ministry of investments, industry and trade of the Republic of Uzbekistan functions by determination of compliance of the companies in which direct private foreign investments, to the economy industries specified in appendix to this Decree are attracted.
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