About the Park
Main Objectives and Areas of Activity
35
Contributions to the Social Security Fund from the average national wage 35%
0
Tax on foreign workers 0%
13
Income tax until 2023 13%
9
Income tax from 2023 to 2062 9%
0
Profit tax 0%
0% — profit tax for 10 years and subsequent payment at a halved rate until 2062.
0
Customs duties and VAT 0%
- Equipment and components - Raw materials and materials when exporting goods outside the EAEU (customs procedure of a free customs zone).
0
Land tax and property tax 0% until 2062
Creation of appropriate banking, tourism, trade, and social infrastructure interconnected with the S.I.Z. "Yangi Avlod" and adjacent populated areas
Establishing production of new types of competitive products with high added value in collaboration with international brands;
Expanding industrial cooperation and localization projects, including the introduction of a cluster system;
Increasing the volume of industrial and service sectors through their development
Allocation of land plots to business entities based on the right to lease in the established manner
Advantages
1
Ownership Form
The S.I.Z. "Yangi Avlod" is unique and established in the legal form of a limited liability company, providing flexibility and allowing founders to: - determine the management structure and shares in the authorized capital; - right to property that can be privatized; - derive profit for the benefit of the founders.
2
Benefits and Preferences
During the operation period of the S.I.Z. "Yangi Avlod", its participants are subject to separate tax, customs benefits, and other preferences established for participants of special economic zones2.
3
Flexible Cooperation Conditions
The S.I.Z. territory provides for: - application of international standards and requirements in the construction of facilities; - independent formation of engineering-communication and social infrastructure; - accounting and mutual settlements for supplied communal services, communication services, and energy resources based on a single contract concluded by participants of the special industrial zone with the management company of the special industrial zone3.
4
Comprehensive Support
The S.I.Z. territory provides for: organization of issuing licenses and permitting documents, including for design, construction, operation, use of buildings and structures, as well as the use of land plots in accordance with the general plan of the special industrial zone on the "one window" principle 3.
5
Potential
The creation of an international free economic zone is planned on the S.I.Z. territory, based on the experience of management companies of advanced special economic zones recognized internationally. At the same time, the issue of introducing a special legal regime "Regulatory Sandbox" is foreseen for the application of Islamic financial instruments 4.
Our Partners
