Uzbekistan's free economic zones (FEZs) are specially designated territories designed to attract foreign and domestic investment, stimulate economic growth, and promote industrial development. These zones offer investors a range of significant benefits, including tax exemptions (such as on profit, property, and land taxes), simplified customs procedures, and modern infrastructure. There are over 20 FEZs across the country, specializing in various sectors like industrial manufacturing, pharmaceuticals, agriculture, and tourism. The duration of tax incentives is directly tied to the amount of investment, with larger investments receiving longer periods of exemption. By offering these preferential conditions, Uzbekistan aims to diversify its economy, boost exports, and create new jobs, making these zones a cornerstone of its economic reform strategy.
