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Economic development
Investment Environment
Tajikistan possesses rich natural resources, including hydro-energy (8th in the world), precious metals, polymetalic ores, precious stones, coal, etc. The republic has good opportunities for developing ecological tourism.
With the purpose of attracting foreign capital in Tajik economy, the government of Republic of Tajikistan introduced special terms for large investors. According to legislation, any joint venture with not less than 30% share of foreign capital, is exempt from tax on income for two years.
The same exemptions are provided to foreign investments in amount of $100,000 to $500,000. If the share of foreign investor in the joint venture is between $500,000 and $2 million the period of exemption will be three years. The five year exemption is provided for investments over $5 million.
Despite the privileges for foreign investment, the amount of foreign capital in the republic is not high. It first of all is determined by the unstable political, social and military situation in the country. The investors are reluctant to invest in Tajikistan, and tend to invest only in the economy of the more stable North Tajikistan.
At present, the largest investors in Tajik economy are companies from Canada, USA, Great Britain, Korea, Germany, Switzerland, Italy, Hungary and Russia - companies Nelson Gold Corporation (development and mining of gold and silver), Gulf International Minerals (gold mining), Credit Swiss First Boston (futures contracts for cotton), Kabul Textiles (textiles production), Adjind International (textiles), Thetys Petroleum (oil mining), Indigo (mobile operator), Babilon – Mobile (mobile operator) . Other successful joint ventures are Zerafshan, Darvaz, Aprelevka, Javoni, Rishta, Khujand Packaging, Marmar, WIS – Tajikistan, etc.
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