Advance payment for purchasing state assets will be reduced from 30% to 15%.

The amount of advance payment for the purchase of state assets will be reduced from 30 percent to 15 percent. This was announced during an open dialogue with entrepreneurs chaired by President Shavkat Mirziyoyev.

At the meeting, the head of state paid special attention to the issues of expanding "business opportunities" in the regions, bringing thousands of hectares of vacant land and inefficiently used state assets into full economic circulation. According to it, the following concessions will be introduced for entrepreneurs:

* Entrepreneurs who make a full payment within six months will be given a 25 percent discount.

* Entrepreneurs who pay half of the amount will be able to pay the remaining amount without interest for 7 years.

* The starting price of state property that has not been sold for three months will be gradually reduced to 10 percent, and the auction period will also be halved.

It was also decided that entrepreneurs who purchased land at the auction will not have to collect documents for 6 months to 1 year to start construction, and that khokims will put the land up for sale in the form of a "ready-made package" with a construction permit, architectural and planning assignment and project. An entrepreneur who receives such land will be able to start construction immediately, and the advance payment for the infrastructure fee will also be reduced from 20% to 5%.

In addition, 2.5 thousand properties worth 9 trillion soums on the balance sheet of banks will be allowed to be sold at a discounted price, without an initial payment and without interest. The entrepreneur who buys it will not pay land and property taxes for one year.

First of all, a list of 50 products to be localized will be formed, and "Bond industrial zones" will be created in part of the Navoi, Jizzakh, Namangan, Urgut and Hazorasp special economic zones to develop them. These zones will be exempt from all taxes and customs duties when importing raw materials and components, and preferential conditions will be applied when exporting products to the domestic market if the level of localization exceeds 30-40 percent.

In the "Bond Industrial Zones", modern R&D centers, laboratories, engineering and technological services will operate in a single chain, and $50 million will be allocated to provide entrepreneurs with ready-made buildings with infrastructure.