Selection of investors for allocation in FIEZ «Navoi» is carried out in two stages:

At the first stage  of selection the investor submits to the Directorate of FIEZ «Navoi» a filled investment application for allocation of production on the territory of FIEZ «Navoi» in the form attaching to it:

• copies of the certificate of the state registration of the investor or an extract from the trading register at the place of registration of the legal entity, legalized in established procedure by the Council office of the Republic of Uzbekistan;

• business-plan of the offered project (requirements to business-plan);

• acknowledgement of business experience of the legal entity in the corresponding sphere, information on similar projects implemented in the corresponding sphere;

• conclusions of an auditor organization on the financial reporting for the period of existence of the legal entity, but not less than for last three years;

• document, confirming samples of signatures of the authorized persons of the investor.

All documents are submitted by investors to the Directorate of FIEZ «Navoi» with its translation into state or Russian Languages certified in established procedure.

The Directorate of FIEZ «Navoi» within 5 working days considers the submitted documents on conformity to the requirements.

At the second stage investment applications, documents submitted by the investor, are transferred by the Directorate of FIEZ «Navoi» to the working body of Administrative Council (Ministry for Foreign Economic Relations, Investments and Trade) enclosing the corresponding conclusion signed by the director of the Directorate.

At decision-making on selection of the investor Administrative Council considers:

• financial and technological solvency of the investor;

• general economic efficiency and expediency of implementation of the project (optimum allocation of the capacities, workplaces to be created, influence on structural transformations in the branch, use of existing capacities, presence of necessary raw materials and infrastructure);

• opportunities and prospects of selling of finished goods both in internal and foreign markets;

• Level of localization of production and change of commodity position of finished commodities in HS code in comparison with initial raw materials at a level of one of the first 4 signs;

• conformity of the level of the technological equipment to the modern quality standards (ISO 9001 and ISO 14001), presence of quality control system of in the project meeting the international standards;

• completion of the staff of the enterprise to be created with citizens of the Republic of Uzbekistan not less than 80 percent of the total quantity of employees, with granting opportunity to pass training and improve qualification;

• volume of direct investments;

• other factors determined by resolution of Administrative Council.

At consideration of investment applications, preference is given to the projects providing full cycle of production on the territory of FIEZ «Navoi» through creation of legal entities cooperating in consecutive technological processing of raw materials and semi finished items in production of finished goods.

Administrative Council considers investment applications within 10 working days.

The positive resolution of Administrative Council on the investment application is formalized in a session report of Administrative Council and is the basis for the conclusion between the Directorate of FIEZ «Navoi and the investor of the Agreement on investment on the territory of FIEZ «Navoi».

A copy of the session report with the resolution of Administrative Council is transferred by the working body to the investor or his authorized person within 3 working days from the date of validation of the report of Administrative Council.

The investor is responsible for reliability of submitted data and documents, timely, full and appropriate execution of the obligations in the order established by legislation.

Members of Administrative Council, the working body and the Directorate of FIEZ «Navoi» are responsible in accordance with legislation for disclosure of confidential information, untimely and poor-quality consideration of investment applications and the materials attached to them.

You can read more on selection of investor to FIEZ “Navoi” in Regulations on the order of selection of investors for allocation in Free Industrial-Economic Zone «Navoi».