From 1 April 2026, a company that obtains participant status in a special economic zone in Uzbekistan, the legal category that includes the country's free economic zones, no longer receives an exemption from profit tax. Under Law ZRU-1108 of 25 December 2025, it receives instead the right to depreciate its fixed assets on an accelerated schedule for up to ten years, depending on the amount invested. Companies admitted earlier keep their exemptions for the rest of their term, so the change applies only to newcomers.

The change arrives as the zones reach their largest scale so far. The National Statistics Committee counted 34 special economic zones with participants on 1 July 2026, with 1,167 enterprises whose output grew by 21% in the first half of the year. Free economic zones such as Navoi, Angren and Jizzakh are the best known part of this system, and several hundred regional industrial zones operate alongside them.

Yet the zones remain a modest part of the country's industry. Enterprises in special economic and small industrial zones produced about 7% of national industrial output in 2025, and special economic zones exported about 15% of what they made. For a board deciding where to build a factory in Uzbekistan, the question is what zone status still changes after April 2026 and what decides the site when it does not. Published evidence answers only part of this question, which recurs in industrial and localisation mandates in Uzbekistan.

Source: National Statistics Committee releases on economic zones for 2020, 2021 and 2022, 2023, 2024 and 2025 and January to June 2026, official exchange rates of the Central Bank of Uzbekistan, Tretiakov Consulting calculations. The 2026 value is an estimate converted at the average official rate for January to May 2026, the latest period in the central bank's monthly series at the time of calculation.

Special economic zones in Uzbekistan and what the count includes

Uzbekistan's zones rest on the Law on Special Economic Zones of 17 February 2020, which treats the special economic zone (SEZ) as an umbrella for five legal forms. These are free economic zones (FEZs), special scientific and technological zones that host technoparks, tourist and recreational zones, free trade zones and special industrial zones. The law describes a free economic zone as territory intended for new production capacity and high-technology manufacturing, and this form carries most of the industrial activity discussed here.

Small industrial zones and youth industrial and entrepreneurship zones were created by presidential decrees and sit outside the 2020 law. Decree UP-41 of 4 March 2025 simplified the system by allowing new zones in only two forms, a special economic zone overseen by the Ministry of Investment, Industry and Trade or an industrial zone run by a regional administration. The decree also ordered an inventory of the older small zones, youth zones and technoparks, and no published results of it could be located by September 2026.

The term 'industrial park', common in investor presentations, has no separate meaning in Uzbek law. Sites run by a developer operate as special industrial zones, such as Yangi Avlod in Tashkent, whose operator is owned by the city's investment holding. Another is the Nurabad special industrial zone in Samarkand region, branded as a technopark and carved out of the Urgut free economic zone in 2025 for a developer set up by an investor from China. The government has also handed the management of 12 technoparks to foreign companies, and the 2025 decree extended the option of private and foreign management to special economic zones generally.

The number of zones depends on who is counting, and the published figures are not interchangeable. The statistics committee counts only zones with participants, and on 1 July 2026 it recorded 400 small industrial zones and 163 youth industrial and entrepreneurship zones alongside the 34 special economic zones cited above. The ministry reported 766 zones of all types created by 1 January 2024, while the President referred to 47 special economic zones at a meeting on exports in July 2026.

This article relies on the statistics committee's series wherever possible, because it is published on a consistent basis and covers output, exports, investment and jobs. Values are in Uzbek sum (UZS) at current prices without adjustment for inflation, and dollar figures use the annual average official exchange rate of the Central Bank of Uzbekistan. Zone output means the industrial output of enterprises registered as participants, whatever market they sell to. Figures for technoparks and clusters are left out unless stated, because a cluster, as in the country's cotton-textile sector, links producers across a region and does not occupy a single site.

Five years of growth on the exemption model

Until 2026 the core of the zone offer was a set of tax exemptions scaled to the size of the investment. The profit tax exemption, written into the Tax Code by a law of July 2022, lasted for up to ten years from the commissioning of a plant, depending on the amount invested. Property, land and water taxes were waived on a similar ladder that began at a lower threshold under a presidential decree of 2016, and participants also received customs relief on equipment, construction materials and inputs for export.

The zones expanded quickly on these terms, both in the number of participants and in output. Enterprises operating in special economic zones increased from 526 at the start of 2021 to 1,167 in mid-2026, and their output in dollar terms roughly quadrupled between 2020 and 2025, as the chart above shows. Capital investment by zone participants reached UZS 15.5 trn in 2025, or about USD 1.2 bn at the average rate for the year, according to the statistics committee's release for 2025.

Growth leaned heavily on capital-intensive manufacturing, above all motor vehicles. Their share of the output of special economic zones rose from 10.7% in official data for the first nine months of 2022 to 30.4% in 2025, and metallurgy added a further 19.4% in 2025. This composition matters for the 2026 change, since the value of relief delivered through depreciation depends on the size of the asset base.

Exports remained a small share of zone output throughout the period. In the years for which the statistics committee publishes comparable figures, special economic zones never exported more than a fifth of their output and small industrial zones between a fifth and just over a quarter, so most production was sold inside Uzbekistan. The committee's releases for 2021 and 2024 do not report export values, so the series has two gaps.

Source: National Statistics Committee releases for 2020, 2022, 2023 and 2025, Tretiakov Consulting calculations.

The government has drawn its own conclusions from this record. At a meeting in January 2025, the President noted that only 18% of the goods produced in free economic zones in 2024 had been exported and that most of their enterprises had not exported at all. He announced that new zones would be export oriented, and the 2025 decree created a special export zone in Namangan with its own customs regime.

The targets set for 2025 show the same pattern. Decree UP-41 aimed for output of USD 4.3 bn and exports of USD 1 bn from special economic zones in that year. Recorded output exceeded its target, as the opening chart shows, while exports reached about USD 0.74 bn at the 2025 average exchange rate. The decree and the statistics may not cover exactly the same set of zones, so the comparison shows direction more than an exact gap.

Actual land use lagged well behind the area designated for the zones. By 1 January 2024, projects occupied just over half of the 11,952 hectares set aside across all types of zones, according to the ministry. In the same month the President noted that 800 hectares with ready infrastructure were standing unused. By July 2024 only 4,915 of the 8,722 projects placed in the zones were operating, according to a report on budget funding for zone utility networks.

Taken together, special economic and small industrial zones produced about 7.3% of the country's industrial output in 2025, on the statistics committee's figures for industry. The share cannot be traced reliably over time, because the national series rises by a third at current prices in 2024, far faster than in other years, and the releases do not explain the jump. The level shows that most industrial output still comes from plants outside the zones, although the share covers older plants as well and does not show where new investment chooses to go. The export measures of 2025 were presented as a response to this record of fast growth with weak exports.

What free economic zone status gives after April 2026

The main change comes from Law ZRU-1108, which took effect on 1 January 2026, although its rule on profit tax in special economic zones covers only companies that obtain participant status from 1 April 2026. A tax adviser's alert on the 2026 changes and an international corporate tax summary both record this date. For these companies, accelerated depreciation of fixed assets replaces the exemption, over the same periods and on the same investment thresholds.

Accelerated depreciation lets a company write off the cost of its plant and equipment faster, so that taxable profit is lower in the early years and higher later. The total amount deducted over the life of the assets stays the same, so the tax is still paid at the standard profit tax rate of 15%, only later, whereas the old exemption removed it for a fixed term. The value of the deferral therefore depends on the share of depreciable assets in the investment, the speed at which the plant becomes profitable and the investor's cost of capital, none of which the law sets.

A capital-intensive project that reaches profit early gains most from front-loaded deductions, since it has profit to shelter in the years when deductions are largest. A project with a small asset base gains little, and one with a long loss-making start gains less, because its early deductions add to tax losses instead of reducing tax. This conclusion follows from how depreciation works and is not stated in the law, and no public estimate of the fiscal effect of the change has surfaced.

Property and land tax exemptions remain on the investment ladder, but from 1 January 2026 they come with conditions for some participants. Under the provisions that Law ZRU-1108 added to Article 75 of the Tax Code, relief applies only if three conditions were met in the previous year. Revenue from sales must exceed the amount of relief used, every employee must be paid at least two minimum wages a month, and the average headcount must be at least three. The conditions do not apply to zone participants that obtained status before 2026 or to legal entities with direct private foreign investment, a category with its own legal criteria, so foreign ownership alone does not guarantee a release from the tests. Within the zones, the tests apply only to participants admitted from 2026 that do not qualify for this exception, and a company created during a year is first tested on its results for the following full year.

The exemption from water use tax for zone participants was removed from 1 January 2026, although companies already using it keep it until the end of its term, according to an explanation of the water tax changes for 2026. Customs relief on imported raw materials and components for export production has applied only under the customs regime of processing since April 2025, following a decree that tied the relief to actual exports. That regime is open to any exporter, although zone participants, like authorised economic operators, do not have to secure the customs payments under it, according to the government's guidance on the regime. The Namangan export zone operates as a free customs zone, and the exemptions for imported equipment and construction materials appear unchanged.

New zone participants get a narrower and more conditional package

Tax incentives granted earlier continue until the end of their term under the transitional rules, while the customs change applies to all participants. Participants admitted between 1 January and 31 March 2026 still get the profit tax exemption but already face the property and land tax conditions. Source: Law ZRU-1108, Tax Code of Uzbekistan, Decree UP-4853, Decree UP-57, January 2026 tax alert.

The same law also limited the profit tax relief that presidential decisions can grant to individual projects. Since 1 January 2026, it can take only the form of accelerated depreciation for no more than three years, whereas these decisions previously allowed the rate to be cut by up to 50%. A zone therefore keeps a longer depreciation window for projects of USD 5 m and above. For projects of USD 3 m to 5 m, its remaining advantage is that relief is available under the Tax Code by right and does not depend on an individual decision.

Sector programmes may reopen the exemption route, although only through a change in the law. A presidential resolution of 12 September 2026 on the electrotechnical industry provides for a ten-year exemption from land, property and profit taxes for anchor investors, together with ready-built facilities in special economic zones, in return for commitments on value added and research spending. It defines them as firms that have featured in the past three years in an international ranking of the world's 2,000 largest public companies and in global supply chains for electrical equipment, electronics or robotics, and that plan to invest at least USD 50 m. The same resolution gives the Ministry of Economy and Finance three months to prepare a draft law amending the Tax Code, so the exemption depends on parliament making an exception to the limit that took effect in January. Until then, the resolution signals intent without changing the tax terms available to investors.

Because earlier exemptions run to the end of their term and ten-year terms are counted from commissioning, the zones will host two classes of participants into the 2030s. Plants admitted before April 2026 with qualifying investment will pay no profit tax for the rest of their term, while newcomers operating next to them will pay it on a deferred schedule. The split is an inference from the transitional rules, and it matters for competition between producers of similar goods inside the same zone. How long it lasts also depends on whether an earlier participant can still lengthen its exemption by raising its investment to a higher threshold, as the Tax Code has allowed, a point that published commentary on the 2026 changes does not settle.

What residency requires in return

The procedure for becoming a participant, a status often called residency, was shortened by amendments of December 2024, which abolished the administrative councils of the zones and gave directorates ten working days to review an investment application. Once the project is approved and the zone's infrastructure is accepted, the plot is offered at an electronic auction, and the winner receives the lease together with an investment agreement with the directorate. That agreement sets the investment obligations against which the directorate later judges the project.

The zone law also sets a product test for free economic zones. Under its Article 16, a project must change the product's customs classification at the level of the first four digits compared with its raw materials, or add at least 30% in value. Projects that export their entire output are exempt from the test, so it matters mainly for assembly and processing aimed at the domestic market.

The rules on deadlines have tightened since the early years of the zones. Under the 2025 decree, a lease is subject to termination if a participant has not started its investment obligations within six months of selection without a valid reason. The zone law separately allows status to be withdrawn when the investment agreement is not fulfilled. A law of 30 April 2026 exempted zone directorates from court fees in claims to annul land leases from August 2026, which lowers the cost of recovering plots that stand idle.

For participants subject to the new tests, residency now carries a payroll obligation, because their relief on property and land depends on the wage floor set in the Tax Code. Participants must also keep separate accounts for activities that benefit from incentives, so that incentivised income can be told apart from the rest, as an explanation of the 2022 rulessets out. Unlike the payroll test, the accounting rule applies to every participant that combines incentivised and other activities.

Beyond the law, the state now expects the zones to export. Information presented at a meeting on 21 July 2026 showed that exports had come from 18 of the country's 47 special economic zones since the start of the year. Operational teams were then set up to address certification, working capital, market development and logistics in the remaining zones. The expectation comes from policy, since no export requirement appears in the zone law, and it is likely to shape how directorates and regional authorities assess participants.

Free economic zone, industrial zone or a site outside any zone

An industrial investor in Uzbekistan can secure a site in four ways, which differ mainly in land tenure, infrastructure and tax. Under the 2021 law on the privatisation of non-agricultural land, plots provided to participants in a special economic zone cannot be privatised while the zone operates, so zone land is available only on lease. The 2025 decree allows the Cabinet of Ministers to lease zone land directly to a selected investor at a price set as a coefficient of market value. Companies with foreign investment that start operations in special economic and industrial zones can also receive leases for roughly twice the term available to them outside the zones.

Rent for land in the zones can be paid in instalments for up to two years before a project starts, under a decree of September 2025. Since March 2026, a private investor may also build a zone's infrastructure with the Cabinet's permission and recover the cost later, under amendments to the zone law. The change allows an investor to control the timing of its own connections, which would otherwise depend on the zone's public funding.

Industrial zones, which absorb the former small and youth zones, are run by directorates under regional administrations. Plots are offered at online auctions open only to legal entities, on leases of at least ten years that can be converted into ownership or extended once the obligations are met. The ownership option is closed to foreign legal entities and to enterprises with foreign investment, which the 2021 land privatisation law excludes, so a plant owned by an enterprise with foreign investment remains a tenant. No special tax regime for industrial zone participants has been identified in the acts that govern them.

Ready-built premises are a newer option within industrial zones. Under a Cabinet resolution of December 2025, a directorate may contribute its land lease right to a company that constructs production buildings, holding a stake of no more than 49%, for projects worth more than USD 100,000. The arrangement makes the directorate a state-owned partner in the charter capital, with the governance questions that such partners bring. On the special economic zone side, developer-run special industrial zones such as Yangi Avlod give participants some of the zone tax and customs benefits, while the developer sets the services and the construction timetable.

Outside the zones, non-agricultural land is sold or leased through the E-auksion electronic platform under a 2024 presidential decree. The same decree allows the market value of a lease right to be contributed to a company's charter capital as a state stake when the Cabinet allocates land directly for a zone project or for a project worth more than USD 10 m. Foreign legal entities and enterprises with foreign investment can hold land only on lease, with the term capped under Articles 17 and 18 of the Land Code, as a recent review of land rights for foreign investors sets out. That cap is shorter than the working life of many industrial buildings, which makes the longer term available in the zones one of their most durable advantages.

A brownfield site is the fourth route, and the privatisation programme has opened it to foreign buyers. Under the 2024 privatisation law, foreign legal entities and individuals may bid for state assets sold through auctions, tenders, negotiations and other methods, and how foreign investors can take part in privatisation is covered in a separate analysis. Buying an existing plant can shorten the time to production where buildings and connections are usable, although a buyer with foreign investment can only lease the land under it.

Some general rules apply regardless of where the plant is located. Imported technological equipment on an approved list is exempt from customs duty, with the duty restored if the equipment is resold within three years. The ten-year guarantee in the Law on Investments and Investment Activity protects investors against later changes in rules on repatriation, investment limits, foreign ownership and visas, but not against changes in tax or customs incentives, as the 2025 customs change for existing zone participants showed.

Zones offer longer leases and infrastructure that the zone builds or reimburses

Terms for a company with foreign investment, as of September 2026. Special economic zones include developer-run ones such as Yangi Avlod. Source: Decree UP-41, Decree UP-135, Law ZRU-728, Law ZRU-907, Law ZRU-1122, Cabinet resolution No. 802, October 2025 review of land rights.

Energy prices do not separate these routes, because tariffs for businesses are set nationally. Since 1 June 2026, legal entities pay UZS 1,100 per kWh of electricity and UZS 2,000 per cubic metre of gas, including value added tax, under a Cabinet resolution of May 2026. These prices follow the tariff increase of October 2023 and the further step of May 2025, which together more than doubled both tariffs over the period. What differs between sites is the volume of power and gas a plant can contract, which is discussed in how land leases and energy allocation work in practice.

How zones, industry and wages are spread across the regions

Free economic zones are found in almost every part of the country. The ministry's list for January 2026 names 22 of them, with at least one in every region except the city of Tashkent, which hosts the Yangi Avlod special industrial zone instead. Six of the 22 are pharmaceutical zones, located in Tashkent, Syrdarya, Andijan, Namangan and Jizzakh regions, and the others include long-established zones such as Navoi, Angren, Jizzakh and Kokand.

Industrial output is far more concentrated than the zones. Tashkent city, Navoi and Tashkent region together produced 52.0% of national industrial production in 2025, and no other region reached 10%, according to the statistics committee's release on industry. Jizzakh recorded the fastest physical growth of any region in 2025 at 14.3%, in a year when motor vehicles led zone output, although the regional data do not show how much of that growth came from zone enterprises.

Wages differ widely between regions, and the gap carries real weight for labour-intensive plants. On the statistics committee's figures, the average monthly wage in Tashkent city in 2025 was 2.4 times that in Kashkadarya and Surkhandarya, the lowest-paid regions, and Navoi was the only other region above the national average. The data cover enterprises that file online statistical reports and exclude small businesses and farms, so they describe formal employment better than the labour market as a whole.

Zones cover most regions while industry and high wages are concentrated

Regions are listed alphabetically, and regional output adds up to about 98% of the national total. Source: Ministry of Investment, Industry and Trade, National Statistics Committee releases on industry and wages, Tretiakov Consulting calculations.

Logistics tie the choice of region to rail and to Kazakhstan. Uzbekistan is one of only two doubly landlocked countries in the world, and about 80% of its overland trade moves by rail while 75% of its merchandise trade by weight passes through Kazakhstan, according to the World Bank's Country Economic Memorandum for Uzbekistan. The Central Asia International Centre for Industrial Cooperation, a free economic zone created in 2024 on the Kazakh border in Syrdarya region, allows visa-free entry for up to 15 days and trade limited to goods made in the two countries.

Construction of the China–Kyrgyzstan–Uzbekistan railway began on 27 December 2024, with operations targeted for 2030, which would give the Fergana Valley a direct rail link to China. The line is designed to carry 15 million tonnes of freight a year once it is complete. Rail freight between Uzbekistan and China now crosses Kazakhstan, so the line would add a second route alongside the other transport corridors and logistics investment under way in the country.

Domestic demand is concentrated as well, which matters for plants that sell mainly at home. Organised retail and distribution remain thin outside Tashkent and a few regional centres, as set out in where demand and organised distribution are concentrated, so a plant located far from these markets carries the cost of distance to its customers every year. A zone in a low-wage region and a site near Tashkent therefore trade labour costs against distance to buyers, and the balance differs by product.

Regional averages say nothing about a specific plot, and no official data on the time and cost of utility connections by zone appear to be published. The public examples point to wide differences between sites. In the Urgut free economic zone, 287 hectares lie on hilly ground where bringing in infrastructure costs two to three times more, according to remarks during a presidential visit in November 2025. In Fergana region, 40% of the 2,115 hectares allocated for industry had not been offered at auction by February 2026. A similar gap between designated and production-ready land is documented in industrial site selection in Kazakhstan.

When the incentive decides the location and when it does not

The rules and the data point to six factors that decide how much zone status is worth to a given plant. None of them settles the choice alone, and their weight depends on the product, the market and the investor's balance sheet. The order below is an interpretation of the rules and data, since no published study appears to measure how these factors weigh in site decisions in Uzbekistan.

Size comes first, because the thresholds decide whether any profit tax relief applies at all. A project below USD 3 m gets none in a zone, and its package is limited to customs relief on imported equipment and building materials and to property and land tax relief under the new tests. From USD 15 m, the zone offers ten years of accelerated depreciation, against a maximum of three years that a presidential decision could grant outside it.

Capital intensity and the timing of profit come next, because they set the value of the deferral. Heavy industries such as motor vehicles and metallurgy, which produced about half of zone output in 2025, can use accelerated depreciation more fully than light assembly, so the new regime keeps more of its value for projects of this kind. The published statistics do not show how quickly zone plants reach profit, so the number of newcomers that will benefit substantially cannot be estimated.

Export orientation decides the customs side of the package. Relief on imported inputs now works only through the processing regime, which exporters outside the zones can also use, and in the Namangan free customs zone. Outside Namangan, zone status adds mainly the waiver on securing customs payments under that regime, so this part of the package helps an exporter of finished goods and adds little for a producer that sells mainly in Uzbekistan.

The pace of start-up determines whether these benefits arrive when the business plan expects them. A participant has six months to start its investment obligations, and land in the zones is not uniformly serviced, so a plot with working connections can bring a plant to revenue sooner than a cheaper plot that still needs infrastructure. Delays on an unserviced plot postpone revenue, and with it the profit against which accelerated depreciation can be used.

Tenure is the least visible factor and often the most lasting one. A company with foreign investment that builds outside a zone holds its land on a shorter lease than it could obtain inside one, so a plant with a long service life faces a lease renewal partway through its operation. This term did not change in 2026, and for long-lived assets it can matter more than the tax treatment.

Labour and markets set the recurring costs that the incentive has to be weighed against. The region of a zone fixes the wage level and the distance to customers for the whole life of the plant, while the tax benefit is limited in time. A feasibility and execution-risk review of an industrial project tests these factors against a specific plot, its connections and its lease terms before capital is committed. The first year of a garment plant in a free economic zone shows how operating factors can outweigh the incentive, since its results turned on operator training, supervision and the reliability of local suppliers.

What is in force, under construction and announced to 2031

Tretiakov Consulting estimates that output of special economic zones would reach about UZS 74.8 trn in 2026 if the second half of the year follows the pattern of 2025, which implies the same 21% growth as in the first half. In dollars the estimate rises faster, because the sum was firmer in the first months of 2026 than on average in 2025. There appears to be no official forecast of zone production, exports or the number of zones for 2027 to 2031, so the outlook rests on measures and their status.

The tax measures in the table below are already fixed in law and will shape the next five years. The 2025 decree also opened zones to private and foreign management, and private investors can now finance zone infrastructure with reimbursement. Energy costs are less predictable, because the 2026 step raised the gas price for businesses by 11.1% although the government had announced in 2025 that tariffs would rise by no more than 10% a year.

Construction or financing is already under way in several zone developments. The Yangi Avlod zone had 58 projects worth USD 1.2 bn under way in October 2025, spanning food, electrical engineering, machinery, chemicals and building materials. The Central Asia centre on the Kazakh border expected 14 enterprises worth USD 300 m to start operating by the end of the first quarter of 2026, with 40 further projects planned for the year. No later figure on how many of them actually started has come to light.

Other measures remain announced goals, and the ten-year exemption for anchor investors belongs with them until the Tax Code is amended. Uzbekistan had planned to join the World Trade Organization (WTO) in March 2026 and has since pushed the accession target back, and no official statement located so far links accession to the 2026 change in zone incentives. A new large special economic zone in Tashkent region was ordered by the 2025 decree, but no act creating it could be located.

The zone tax changes are in force while the new projects are still being built

Status as of September 2026. Source: Law ZRU-1108, Law ZRU-1122, Resolution PP-243, Resolution PP-325, Decree UP-41, report on the start of railway construction, report on the WTO accession timetable, President's address of 26 December 2025.

In his address of 26 December 2025, the President said that globally recognised brands would be attracted to free economic zones under special investment, tax, customs and legal regimes, alongside a target of USD 180 bn of foreign investment over five years. Read together, these measures point towards zones that compete on serviced land, management and export support, with tax relief playing a smaller and more conditional part for ordinary participants. This reading is drawn from the direction of the measures, as no published government forecast describes the zones in these terms. It also implies that the difference between one zone and another will increasingly lie in the quality of the site and its operator, which regional averages cannot capture.

What zone status decides now

After April 2026, special economic zone status in Uzbekistan still offers a new industrial investor four things. It moves profit tax to later years for projects of USD 3 m or more, and it keeps property and land tax relief from USD 0.3 m, subject to the new tests. It gives companies with foreign investment longer leases than they can obtain outside the zones, with infrastructure built by the zone or reimbursed to the investor, and it keeps customs relief on imported equipment and building materials. It no longer removes profit tax, and the exemption proposed for anchor investors in September 2026 still needs an amendment to the Tax Code.

The record of the zones shows why this may matter less than the headline change implies. Even under the exemption model, zone enterprises produced a small share of national industry, sold most of their output at home and left close to half of the designated land unused. This suggests that the exemption alone did not fill the zones, and the published data do not show whether market access, serviced land, labour or logistics held projects back. For a capital-intensive, export-oriented project of USD 15 m or more on a serviced plot, zone status still changes the economics of the investment. For a domestically focused project below USD 3 m, the zone adds conditional relief on property and land tax, customs relief on equipment and, for an enterprise with foreign investment, a longer lease, while the choice turns on labour costs and distance to customers.

For companies and investors choosing where to build or expand a plant in Uzbekistan, Tretiakov Consulting supports feasibility, execution risk and operational readiness. Discuss your project with us.