4.GUARANTEES AND FACILITIES PROVIDED IN THE IMPLEMENTATION OF INVESTMENTS  BY ENTERING  INTO  A PRODUCTION  SHARING  AGREEMENT

               The content of guarantees, benefits and rights

Act legislation 

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Production received in according with the terms of a production-share agreement into the foreign investor's property, may be exported without any restrictions from the Republic of Uzbekistan or may be sold by an investor in the local market on the terms and in the order, determined by the agreement.

Part 2 of the Article 16 of the Law of the Republic of Uzbekistan "On agreements on production sharing".

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Foreign investors, as well as their contractors and subcontractors are exempted from payment of all kinds of taxes established in the Republic of Uzbekistan, duties and other obligatory payments connected with carrying out of research and exploration works on deposit areas, determined by the agreements.

Part 1 of the Article 20 of the Law of the Republic of Uzbekistan "On agreements on production sharing".

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The goods, works and the services provided by legal entities - residents of the Republic of Uzbekistan to foreign investors and (or) to the operators participating in implementation of works under the production-share agreement, are assessed on the value added tax at zero rate.

Part 8 of the Article 20 of the Law of the Republic of Uzbekistan "On agreements on production sharing".

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The goods, works and the services intended for implementing the works under the production-share agreement and imported according to the project documentation by the foreign investor or other persons, participating in implementing of works under the production-share agreement, as well as the production exported by the foreign investor belonging to it according to the production-share agreement, are exempted from taxation by customs payments, except for the customs procedure fees.

Part 9 of the Article 20 of the Law of the Republic of Uzbekistan "On agreements on production sharing".

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In the case if during the validity of the production-share agreement the legislation establishes the norms worsening commercial results of a foreign investor's activity within the framework of the agreement the terms stipulated in the agreement will be applied. This provision is not applicable in cases when by legislation amendments into safety standards (norms, rules) concerning the works’ performance, security of deposits, environments and health of citizens are being introduced.

Part 2 of the Article 24 of the Law of the Republic of Uzbekistan "On agreements on production sharing".

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To the foreign investor protection of the property and other rights acquired and carried out according to the production-share agreement is guaranteed. Effect of acts of state authorities, local administration in regions and self-government institutions of citizens is not spread upon a foreign investor if the specified acts establish restrictions of the investor rights acquired and carried out according to the production-share agreement, with the exception of orders by the according control surveillance bodies, issued in accordance with the legislation with the aim to provide safety of  the works’ performance, security of deposits, environments and health of citizens

Parts 1-2 of the Article 25 of the Law of the Republic of Uzbekistan "On agreements on production sharing".