of industrial-innovative production. The overall economic goal and objective of FEZ Sughd is to attract foreign and domestic investment capital, modern technology and managerial expertise in order to reduce production costs, maximize the use of free labor and natural resources, and stimulate the growth of Tajikistan's economic potential. Sughd FEZ is also meant to involve the economy of Sughd and Tajikistan into the international division of labor, to develop trade with foreign countries and to stimulate the production of competitive goods for the domestic and foreign markets. The social objective of Sughd FEZ is new job formation and improvement of the living standards and purchasing power of the population in order to ensure a sustainable development of the region. The following is also expected on the territory of Sughd FEZ: creation of a modern engineering, transport, telecommunications and industrial infrastructure that conforms to international standards, introduction of domestic scientific and technological designs and inventions, as well as establishment of an environmentally-friendly network of industries that protect the environment. Advantages of Sughd FEZ The tax and customs preferences, which are provided to the FEZ subjects, are the other attractive investment factor in addition to geographical location. Entrepreneurship activity of subjects on FEZ territory regardless the type of ownership is exempt from 8 of 10 kinds of taxes provided in the Tax code of Tajikistan. FEZ subjects are the tax agents in withholding and payment of social tax (25% from payroll budget) and income tax (from 8 to 13%) for the employees of FEZ subjects, that are taxpayers. Profit received by the foreign investors and salary of foreign employees given in foreign currency can be transferred without difficulties to abroad and while transferring will not be not taxed. Sughd FEZ is a part of the customs territory of the Republic of Tajikistan. Goods placed on Sughd FEZ territory are considered as being outside the customs territory of the Republic of Tajikistan makes it possible to import goods without customs duty and VAT payment. Import into the territory of the free economic zone of foreign and domestic goods shall be carried out without collection of customs duties and taxes. Export from the territory of the free economic zone of the goods outside of the Republic of Tajikistan shall not be subject to taxes and customs duties, except for the fees for customs clearance, and the bans and the restrictions of economic nature shall