Bukhara region will be home to the country’s first agricultural free economic zone (FEZ) – Bukhoro Agro

The term of the new zone will be 30 years from the moment of its creation with the possibility of further extension of this period. Participants of the zone, depending on the volume of their investment, will be released for various periods from payment of land tax, profit tax, property tax of legal entities, tax on improvement and development of social infrastructure, a single tax payment for microfirms and small enterprises, as well as mandatory contributions to target state funds.

If the investor invests from $ 300 thousand to $ 3 million, he will receive benefits for three years, from $ 3 to $ 5 million – for five years, from $ 5 to $ 10 million – for seven years, from $ 10 million – for ten years. In addition, they will be released for the entire period of FEZ activity from payment of customs payments for imported raw materials, materiel and component parts in the part of products aimed at export.

One of the main tasks of the new zone is attraction of direct foreign and domestic investments for the creation of modern greenhouses, including using hydroponics technology, based on the cluster form, as well as organization of production of structures, equipment and other components for the construction of modern energy-saving greenhouses.

Also, agricultural processing enterprises, logistics centers, research and production centers for standardization, certification and labeling will be established here.

It is worth recalling that 18 free economic zones operate in Uzbekistan today. In addition to conventional production facilities, there is a specialized zone Sport for manufacturers of sporting goods, the Baliq Ishlab Chiqaruvchi zone for the development of the fish industry, as well as several zones for pharmaceutical companies.

(Source: «Uzbekistan Today» newspaper)