On August 18, President Shavkat Mirziyoyev held an open dialogue with entrepreneurs in the Khorezm region, unveiling new measures to expand business opportunities in the regions. The head of state emphasized that vacant land plots and inefficiently used state assets only create real economic value when projects are launched on their basis, jobs are created, and export volumes increase.
According to the presidential decree, the initial payment for the purchase of state assets is reduced from 30% to 15%. Entrepreneurs who fully pay for the asset within six months will receive a 25% discount. If the buyer pays half of the asset's value, the remaining amount can be paid in installments over seven years without interest.
Furthermore, if state property remains unsold for three months, its starting price will be gradually reduced by up to 10%. The auction period will also be halved. The president instructed to simplify the start of construction on land plots purchased through auctions.
Currently, entrepreneurs may spend from 6 months to 1 year collecting necessary documents to start construction after purchasing land. Now, khokims will be required to put land plots up for sale as a "ready package" with construction permits, architectural planning assignments, and project documentation. This will allow entrepreneurs to begin construction immediately after purchasing the plot. The advance payment for infrastructure fees will be reduced from 20% to 5%.
A separate measure concerns property held on bank balance sheets. According to the president, banks will be allowed to sell about 2,500 such objects worth a total of 9 trillion soums at reduced prices, without an initial payment and with interest-free installments. Entrepreneurs who purchase such property will be exempt from land and property taxes for one year.
Shavkat Mirziyoyev also announced new measures for production localization. First, a list of 50 types of products planned for development has been formed. For this purpose, "Bond" industrial zones will be established on parts of the territories of the special economic zones "Navoi", "Jizzakh", "Namangan", "Urgut", and "Khazarasp".
Enterprises in these zones will be exempt from all taxes and customs duties on imported raw materials and components. If the localization level of products exceeds 30-40%, preferential conditions will also apply to sales on the domestic market. The Bond industrial zones are planned to create a unified chain of modern R&D centers, laboratories, engineering, and technological services. $50 million will be allocated to provide entrepreneurs with ready-made production facilities with necessary infrastructure.
Source: www.gazeta.uz