Page 160 - Theoretical and Practical Interpretation of Investment Attractiveness

Uzbekistan has been largely completed and is being used in practice. The following system of
measures has been developed to stimulate this activity:
- privatization in progress foreign investment participation;
- technical re-equipment;
- encouraging the production of products intended for public consumption and export.

Damage guarantees

Guarantees to preserve the capital of foreign investors

Benefits established for them in the taxation system

Freedom to take profits and earnings abroad

Possibility of transferring and withdrawing profits in national sums and foreign
currency.

Availability of customs benefits

Creation of an insurance protection system for the property of foreign investors and
their own risks.

4 . Figure 2.2 . Preferential financial conditions have been created in the Republic of
Uzbekistan.

The Republic of Uzbekistan guarantees that foreign investments will not be
nationalized or requisitioned. Foreign investors are guaranteed by the state the transfer of
income received as part of their legal activities in foreign currency in an unlimited amount
across the border.
In order to attract and develop foreign investments in the Republic of Uzbekistan,
investors are provided with a number of benefits (economic platform). Enterprises created
with foreign investment (except for trading, brokerage, suppliers of raw materials) from the
moment of registration:
- 25 percent of the first year, 50 percent of the second year, 100 percent of the third
year and 100 percent of the first year in rural areas are exempt from income tax (profit);
- from property tax for 2 years;
- when exporting more than 30 percent of manufactured products - 50 percent income
tax (income tax), when exporting 15-30 percent - 30 percent income tax (profit);
- if it is engaged in production, it is exempt from land tax for 2 years.
In the Republic of Uzbekistan it is planned to provide benefits to certain industries.
According to it, enterprises that involve foreign companies in the discovery and exploration
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