Foreign firms investing in high-tech industries such as information technology, biotechnology and nanotechnology will get tax breaks starting next week. The Ministry of Finance and Economy approved new foreign investors' tax regulations on Wednesday.
Foreign enterprises will also be given tax incentives for their investments in the creation of flight schools aimed at training pilots. Eligible foreign companies will be granted corporate and income tax exemptions for the first seven years from the time of their investment with a 50-percent cut for an additional three years.