The process of establishing a company in a Free Economic Zone (FEZ) in Uzbekistan is largely identical to registering a business outside of these zones. However, FEZs offer distinct advantages in the form of tax breaks, customs incentives, and simplified procedures, making them highly attractive for both local and foreign investors.
Each FEZ has its own strategic focus and offers unique benefits tailored to specific industries and investment volumes.
Established: December 2, 2008
Location: Navoi Region
Total Area: 564,000 hectares
Operational Term: 30 years (extendable)
Navoi FEZ, located in one of Uzbekistan’s most developed industrial regions, was created to attract foreign investment and promote advanced industrial development. It offers all the infrastructure and legal support necessary for creating vertically integrated production complexes—from raw materials to finished products.
Electrical and telecommunication equipment
Automotive components and machinery
Pharmaceutical products and medical equipment
Food processing and packaging
Plastic and polymer goods
Established: December 13, 2012
Location: Tashkent Region
Total Area: 187.5 hectares
Operational Term: 30 years (extendable)
Angren FEZ provides favorable conditions for both domestic and international investors. Its proximity to Tashkent, Uzbekistan’s capital, enhances its logistical advantages. The zone is managed by an administrative board, while daily operations are handled by a state unitary enterprise.
Focus on high-tech, competitive manufacturing
ideal location for logistics and access to key markets
Streamlined regulatory and operational support
Established: March 18, 2013
Location: Jizzakh Region
Operational Term: 30 years (extendable)
Jizzakh FEZ was developed to stimulate investment in high-tech industrial production and to maximize the economic potential of the Jizzakh and Sirdarya regions. The zone also supports the development of the Uzbek-Chinese Industrial Park.
Primary Goals:
Attraction of foreign and domestic capital
Creation of competitive, value-added products
Job creation and regional economic development
Companies operating within a FEZ may be exempt from:
Land tax
Profit tax
Property tax
Unified tax (for small businesses)
Mandatory contributions to the Republican Road Fund
Exemptions apply to customs duties (excluding customs clearance fees) on imported equipment, materials, and components not produced in Uzbekistan, provided they are used for investment projects approved by the Cabinet of Ministers.
USD 300,000–3 million: 3 years
USD 3–5 million: 5 years
USD 5–10 million: 7 years
Over USD 10 million: 10 years
Companies operating in Angren and Jizzakh FEZs also enjoy full customs exemptions on imports of equipment, raw materials, and components for producing export goods—valid throughout the entire FEZ operation period.
Businesses registered in a FEZ are allowed to:
Conduct transactions in foreign currencies within the FEZ
Make payments in hard currency for goods, services, and work provided by other Uzbek legal entities
To obtain residency in the Angren FEZ, companies must meet the following criteria:
Establishment or modernization of facilities using advanced technologies
Alignment of business activities with FEZ strategic goals (excluding raw material extraction and primary processing)
Investment through own funds or external loans without state guarantees
Reinvestment of at least 50% of tax benefits into further development of the enterprise
Commitment to producing competitive, import-substituting and export-oriented products
In line with Presidential Decree No. 4931 dated January 12, 2017, four additional FEZs were established to further stimulate regional economic growth:
Urgut
Gijduvan
Kokand
Khazarasp
Each of these new zones follows the FEZ framework and offers similar incentives tailored to local and industrial priorities.
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The information provided on this website is for general guidance and informational purposes only. While we strive to ensure accuracy and keep content up to date, laws, regulations, and administrative procedures in Uzbekistan are subject to change. Axvericon does not accept any liability for errors, omissions, or any consequences arising from the use of this information. We strongly recommend consulting with our legal and tax advisors before making any business or investment decisions.
