Benefits and preferences in the free economic zones

In accordance with the Decree of the President of the Republic of Uzbekistan of 26.10.2016. No.DP-4853, enterprises-participants of free economic zones are exempt from payment:

  • land tax, income tax, tax on property of legal entities, tax on improvement and development of social infrastructure, single tax payment for microfirms and small enterprises, as well as mandatory contributions to the Republican Road Fund and extra-budgetary Fund for reconstruction, overhaul and equipment of secondary schools, professional colleges, academic lyceums and medical institutions under the Ministry of Finance of the Republic of Uzbekistan;
  • customs payments (except for customs clearance fees) for equipment, raw materials and components imported for their own production needs;
  • customs payments (except for customs clearance fees) for construction materials not produced in the republic and imported within the framework of projects, according to lists approved by the Cabinet of Ministers of the Republic of Uzbekistan;

Benefits in the free economic zone are granted for a period from 3 to 10 years depending on the amount of investments made, including the equivalent (USD):

  • from 300 thousand dollars to 3 million dollars – for a period of 3 years;
  • from 3 million dollars to 5 million dollars – for a period of 5 years;
  • from 5 million dollars to 10 million dollars – for a period of 7 years;
  • from 10 million dollars and above – for a period of 10 years, with application of the profit tax rate and the single tax payment in the amount of 50 parcent below the current rates for the next 5 years.

The enterprises participating in the free economic zones are exempt from paying for the entire period of activity of free economic zones from paying customs duties (except for customs clearance fees) on imported raw materials, materials and components in terms of products sent for export.

The state provides a guaranteed connection of enterprises-participants of the free economic zones to the engineering and communication networks with timely connection to the production sites and their uninterrupted functioning.

January 15, 2019
by @leginf
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A new political party is created in Uzbekistan

In accordance with the Article 6 of the Law of the Republic of Uzbekistan “On political parties”, an initiative group was formed from among the citizens of the country on creating the Ecological Party of Uzbekistan.

On January 8, Tashkent hosted a constituent congress of the new party. Issues such as establishment of the Ecological Party of Uzbekistan, approval of its charter and program, election of members of the central council and the central control-auditing commission were considered.

Delegates noted that the Ecological Party of Uzbekistan faces ambitious and responsible tasks. Assistance in achieving the sustainable development goals of the country, creating favorable living conditions for people of Uzbekistan, mobilizing all forces of society for preserving unique nature, development and implementation of national and regional programs, increasing the level of environmental culture in society are among them. The Ecological Party of Uzbekistan is also committed to educating youth in the spirit of love for nature and respect for its resources. Solving problems that have arisen as a result of the Aral Sea desiccation, mitigating consequences of the Aral Sea disaster is one of the main goals.

At the congress, a decision was taken on establishing the Ecological Party of Uzbekistan. Members of the central council, the control-auditing commission of the party were elected. The party’s charter and program, as well as relevant decisions on other issues considered at the congress were adopted based on proposals and recommendations of the delegates.

On the same day, a plenum of the Central Council of the Ecological Party of Uzbekistan was held, at which organizational issues were considered. In particular, members of the executive committee of the Central Council of the party, the chairman of the executive committee and his deputies were elected.

Boriy Alikhonov was elected Chairman of the Executive Committee of the Central Council of the Ecological Party of Uzbekistan.

Source: UzA.

January 11, 2019
by @leginf
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15

Uzbekistan introduces restrictions on energy drink advertising

On January 9, President Shavkat Mirziyoyev signed a law on introducing amendments and addenda to a number of laws, in particular, to the Laws of the Republic of Uzbekistan “On quality and safety of food products” and “On advertising”, as well as to the Administrative Responsibility Code.

Manufacturers of energy drinks (drinks containing caffeine in excess of 150 mg/l, and (or) other components in an amount sufficient to exert a tonic effect on the human body) should now indicate a warning on the container, that is, contraindications to this product.

Substances that make up energy drinks do not represent a physiological need for a person and may have a negative effect on children and adolescents’ body, pregnant and lactating women, elderly people suffering from nervous, cardiovascular diseases, insomnia.

In order to protect the younger generation, a norm has been introduced prohibiting the sale of energy drinks to persons under eighteen. Moreover, sanctions will be applied in case of violation of this norm. Starting from January 10, 2019, if the seller (citizen entrepreneur) sold an energy drink to a teenager, he would face a fine of five to ten, and an official from seven to fifteen minimum wages.

At the same time, the Law “On Advertising” is supplemented with a new article 22-1 “Energy drinks advertising”. According to this supplement, from January 10, 2019, it is mandatory to indicate a warning about the dangers of excessive consumption of such drinks when advertising energy drinks, as well as information about persons to whom they are not recommended.

In addition, energy drinks advertising should not demonstrate the process of drinks consumption, create an impression that this process is important for achieving social and sports success or improving the physical and mental state of consumers.

According to the new rules, the following are prohibited from January 10, 2019:

  • energy drinks advertising on television and radio from 7:00 a.m. to 22:00 p.m.;
  • gratuitous distribution of energy drink samples in order to advertise among persons under 18;
  • sponsoring events designed primarily for persons under 18, if the name, trademark or image of energy drinks are used;
  • distribution, including sale of goods (T-shirts, hats, games, etc.) among persons under 18, using a name, trademark or image of energy drinks;
  • energy drinks advertising in print publications, intended primarily for children and adolescents, as well as in medical, sports and education institutions.

As reported by the Information Service of the State Competition Committee, in case of violation of the requirements on energy drinks advertising, distributors of advertising and advertisers will be liable in the prescribed manner.

The State Competition Committee will carefully monitor the energy drinks advertising.

Source: UzA.

January 11, 2019
by @leginf
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14

A new system will be organized for expanding the scale of investment projects

At the meeting that was held on January 8 under the chairmanship of President Shavkat Mirziyoyev, it was noted that from now on a new system will be organized for expanding the scale of projects involving foreign direct investment in the regions and industries, establishing strict control over their implementation.

In accordance with it, at the first stage, khokims of regions, visiting once a week one district or city, having established interaction with ambassadors, organize work on attracting foreign direct investment. In the same way, industry leaders visit one region once a week and, together with local enterprises, organize activity for accelerating implementation of existing and formation of additional investment projects. If necessary, train local executives and entrepreneurs in development of investment projects. The Prime Minister and his deputy, with participation of ambassadors, regularly discuss the state of using foreign investments attracted to regions and industries. According to the results, remuneration or punishment measures in the form of withholding 50 percent of wages will be taken against khokims and industry leaders.

Heads of republican agencies assigned to the regions, together with regional khokims and ambassadors, studying the state of implementation of projects involving foreign direct investment in each district (city), take concrete measures on their acceleration, as well as develop proposals on additional projects and attract foreign investors.

At the second stage, the State Investment Committee of the Republic of Uzbekistan summarizes proposals on investment projects received from the regions and industries, evaluates their effectiveness and forms a single electronic online database.

At the third stage, the Ministry of Foreign Affairs, ambassadors assigned to the regions attract foreign investors to projects included in the single electronic database.

At the fourth stage, the Cabinet of Ministers takes measures on concluding relevant agreements with foreign investors on implementation of selected promising projects and approves roadmaps for taking control over their implementation.

The President noted that for further intensifying the attraction of investors to developed projects, it is necessary at least once a year to hold investment forums in each region with participation of foreign investors, as well as to ensure participation of domestic entrepreneurs in large international investment forums abroad. The State Investment Committee and the Ministry of Foreign Affairs have been instructed to form schedules for holding investment forums in the regions this year.

– The most important thing is to locate investment projects correctly. The only requirement of investors is the availability of necessary infrastructure where the project is expected to be implemented. Therefore, a resolution of the President was recently adopted for improving the process of urbanization in our country. If to attract investors to where there is a convenient infrastructure, we can achieve a systematic development of the industry. Where there is industry, there will be jobs and incomes, housing and social facilities will be built, towns will appear, – said Shavkat Mirziyoyev.

Source: UzA.

January 9, 2019
by @leginf
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25

The Association of the enterprises of electrical engineering has been established

Presidential Decree "On measures for further development and enhancement of export potential of the electrotechnical industry" has been adopted.

According to the Decree:

On the basis of JSC "Uzeltekhsanoat" the Association of Electrical and Electronics Industry of Uzbekistan has been established;

The real estate and shareholding (shares) of the joint-stock companies belonging to JSC "Uzeltekhsanoat" were transferred to the State Committee of the Republic of Uzbekistan for privatization of enterprises and development of competition.

The main objectives of the Association "Uzeltehsanoat" are to assist in attracting investment, primarily in attracting foreign investment for the production of high-tech products, modernization, technical and technological re-equipment of the industry, creating joint ventures with leading foreign specialized companies.

 Also, the resolution states that the "Sino" state-owned shareholding will be given to investors at the zero redemption price at the time of payment of the debts of the enterprise to the creditors, with the condition of investing the enterprise's activities.

Enterprises that produce electrical products, which are part of the "Uzeltexsanoat" Association, customs declaration on import of components, raw materials and materials for their core and supporting production, as well as imported construction materials, by January 1, 2022 since the date of its receipt, has been given an opportunity to postpone the value added tax up to 120 days.

According to the Decree until 1 January 2022:

"Uzeltexsanoat" Association is exempted from payment of property tax and profit tax for legal entities;

deductions from the tax base on profits of legal entities on the contracts with the Association "Uzeltehsanoat".

Moreover, the "Roadmap" will be approved in the electrotechnical industry for realization investment projects on technical and technological renovation and organization of new industries. The roadmap includes the following:

  • Implementation of 22 investment projects in the amount of 153.8 million US dollars for 2019-2021 for technical and technological renewal and modernization of existing electrical engineering enterprises;
  • Increasing the production of finished electrical products with high added value by 2021;
  • Reaching the volume of exports of finished electrical and electronic products to US $ 400 million In 2021;

Attracting foreign investors to the joint implementation of perspective innovative projects in the amount of $ 500 million.

January 6, 2019
by @leginf
0
13

A 30-day visa-free regime will be introduced for more than 45 countries

The Presidential Decree "On additional measures for the rapid development of tourism" in Uzbekistan was adopted.

Together with the Decree, the National Concept of Tourism Development in the Republic of Uzbekistan for 2019-2025 and the Plan of measures have been approved.

According to the Decree:

  • From February 1, 2019, the list of countries receiving the e-Visa will be expanded;
  • From March 15, 2019, the system of types of e-Visas, which will be valid for 30-days, and additional category of visas for special groups of foreign Citizens will be introduced.

In accordance with the decree, from February 1, 2019 a 30 day visa-free regime will be introduced for the citizens of 45 countries.

Below is a list of these countries:

  1. Australia
  2. Austria
  3. Argentina
  4. Bosnia and Herzegovina
  5. Vatican
  6. Luxembourg
  7. Hungary
  8. Brunei Darussalam
  9. Greece
  10. Ireland
  11. Iceland
  12. Italy
  13. Canada
  14. Andorra
  15. Liechtenstein
  16. Monaco
  17. Belgium
  18. Denmark
  19. Spain
  20. Netherlands
  21. Norway
  22. Sweden
  23. Latvia
  24. Lithuania
  25. Mongolia
  26. New Zealand
  27. Portugal
  28. Bulgaria
  29. Republic of Cyprus
  30. Malta
  31. Poland
  32. San Marino
  33. Serbia
  34. Slovenia
  35. Croatia
  36. Chile
  37. Romania
  38. Slovakia
  39. Great Britain
  40. Brazil
  41. Finland
  42. Montenegro
  43. Czech Republic
  44. Switzerland
  45. Estonia
January 6, 2019
by @leginf
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