A draft resolution on improving activities of FEZ “Navoi” published for discussion

Tashkent, Uzbekistan (UzDaily.com) -- A draft resolution of the President of Uzbekistan “On measures to improve the activities of the Navoi free economic zone” was published for publication.

The document was developed in accordance with the Decree of the President of the Republic of Uzbekistan “On measures to further improvement of the system of coordination and management of free economic zones” dated 21 December 2018.

The document proposes to transform the State Unitary Enterprise Navoi Free Economic Zone Directorate into Joint-Stock Company Navoi Free Economic Zone Directorate (Navoi Directorate of FEZ).

It is expected that this step will make it possible to simplify the management system and improve the activity of the Navoi free economic zone, improve conditions for attracting investments, and ensure accelerated implementation of investment projects in the territory of the Navoi free economic zone.

The Directorate of Free Economic Zone Navoi will become the legal successor to the rights and obligations of the State Unitary Enterprise Navoi Free Economic Zone Directorate, and the State Assets Management Agency will act as a shareholder on behalf of the state in the authorized capital of Navoi Directorate of FEZ Navoi.

The main activities of the JSC “Directorate of the Free Economic Zone" Navoi” are selection and making decisions on the implementation of investment projects for placement on the territory of the FEZ, registration and maintenance of the register of participants of the FEZ, issuance of relevant certificates, conclusion of investment agreements with investors selected in accordance with the established procedure on the territory of the FEZ, etc.

It will also provide assistance to the projects to receive land plots, buildings, premises to launch their businesses, etc.

The document also proposes from 1 March 2019 to introduce in FEZ “Navoi” simplified visa regime and the procedure for hiring foreign employees, providing for the issuance of entry visas to foreign citizens on the territory of the FEZ "Navoi" and work permits without consular fees, state fees and other fees and charges, based on a written request from the Directorate of the FEZ "Navoi".

A simplified procedure for licensing and obtaining permits for the participants of the Navoi FEZ will be introduced as well.

Discussion on the portal regulation.uz will be open from 7 to 21 February.

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