January 06, 2014
President extends tax preferences to Korean Air. 2
SPECIAL INDUSTRIAL ZONE “ANGREN”. 2
Contest for creation of Kashkadarya tourist brand announced in Uzbekistan.. 3
Press-service of MFA
INTERNATIONAL COOPERATION
President extends tax preferences to Korean Air
President of Uzbekistan Islam Karimov prolonged tax and customs preferences to Korean Air within the project on creation of international intermodal logistic center at the Navoi Airport.
The preferences were extended in line with the President of Uzbekistan Islam Karimov “On forecast of main macroeconomic figures and parameters of State Budget of Uzbekistan for 2014”.
Till 1 January 2019, Korean Air was exempted from payment of customs duties (except customs registration fees) for imported goods and equipment, which is necessary to manage Navoi city airport. The list of the goods was approved by the Cabinet of Ministers of Uzbekistan.
Uzbek President also exempted the airline from payment of income tax on incomes, received in territory of Uzbekistan, and income tax of individuals, who work for Korean Air and send to Uzbekistan.
At the same time, till 1 January 2019, the Navoi city Airport was also exempted from payment of customs payments (except customs duties) for goods, imported into Uzbekistan, to develop airport and crate at international intermodal logistic center.
The airport will not play social payment in part of salaries of personal of Korean Air, who were sent to work in Uzbekistan.
(Source: UzDaily.com)
SPECIAL INDUSTRIAL ZONE “ANGREN”
Attractive Conditions
Weeks before the New Year were very productive in terms of business development in the Angren Special Industrial Zone. Several foreign companies have expressed interest in building new facilities in the zone.
The creation of the second economic zone of Uzbekistan began in April 2012. Large-scale legal and institutional works were done in a short time to organize all the necessary conditions for the creation of the special zone. The Angren Special Industrial Zone will exist for 30 years with the possibility of its further extension.
To attract domestic and foreign investors the zone established special tax and customs regimes. In particular, companies implementing projects here were exempt from income tax, property tax, fees on the development of social infrastructure, the single tax for small businesses, and from the mandatory contributions to the National Road Fund. In addition, they received exemption from customs duties on equipment, components and materials imported in the country for their own needs. These privileges and preferences are granted for a period from 3 to 7 years depending on the amount of capital allocated in the projects. When a company invests from $300,000 to $3 million the period of exemption is 3 years; if it invests from $3 million to $10 million the period will last for 5 years; investors who give more than $10 million can enjoy exemption for 7 years.
The attractive conditions have already yielded results. Several major projects already launched in Angren Special Industrial Zone. Investor’s interest in the zone is only growing. New factory for the production of gas equipment promises to be one of the most interesting projects. Representatives of Ukrainian companies Alfa Gazpromkomplekt and Industrial Energy Group already showed their interest to this project.
The Belgian company UgentCacaolab, which has more than 15 years old experience in the production of chocolate and confectionery, discusses the possibility of establishing a factory for the production of chocolate of Belgian quality in the zone. Chinese and Korean investors also demonstrate greater interest to open a plant in the Angren Special Industrial Zone.
(Source: “Uzbekistan Today” newspaper)
TOURISM
Contest for creation of Kashkadarya tourist brand announced in Uzbekistan
UzbekTourism has announced an open Contest for creation of a tourism brand of Kashkadarya region, which aims to accumulate creative ideas and suggestions on Kashkadarya tourist brand.
As reports the press service of UzbekTourism, ideas, as well as logos and slogans will be summarized and the best proposals will be used in selecting the best brand for Kashkadarya. The contest is open to everyone, including students, creative people, scientists, historians and others.
Applications that have received prizes in previous contests will not be considered. To enter the contest, authors should submit:
– application form;
– brief description of work (s) submitted to the competition;
– soft copy of the work: the tourist brand – in TIFF, PSD or JPG 1500 px format.
The Selection Committee considers only applications with a complete set of documents and works. Applications that are not complex, without contact details and data shall not be considered.
Contest will be held from December 20, 2013 to January 20, 2014. Results of the contest will be announced on January 25. The award ceremony is to be held on January 27 2014.
(Source: “Business partner.uz” newspaper)