Tajikistan - Foreign investment
After independence, Tajikistan's government emphasized the promotion of foreign investment particularly to develop labor-intensive manufacturing industries. With ongoing civil unrest, however, few investments have flowed into the country and most foreign aid except that of Russia has been stalled. Difficulties also exist with currency convertibility, a prohibition on land ownership, and repatriation of profits and capital. In 1996 the government amended the foreign investments law to offer a two year exemption from taxes on profits to enterprises with investments of $100,000–500,000, and a four year exemption to enterprises with investments totaling $2–5 million. The peace agreement of 1997 did not bring in an immediate rush of foreign investment capital. Only $20 million was invested in that year.