Helpful information

Helpful information

Forms of foreign investment in Uzbekistan

-Participation in statutory funds and other property of business entities and companies, banks, insurance companies and other enterprises established jointly with legal entities and (or) individuals of the Republic of Uzbekistan;
-creation and development of business associations and companies, banks, insurance companies and other enterprises wholly owned by foreign investors;
-acquisition of property, shares and other securities, including debentures issued by residents of the Republic of Uzbekistan;
-the inclusion of intellectual property rights, including copyright, patents, trademarks, utility models, industrial designs, trade names and know-how, and goodwill;
-concessions, including concessions for the exploration, exploitation, extraction or use of natural resources;
-by acquiring ownership rights to objects of trade and services, residential buildings together with the land plots on which they are located, as well as the rights to own and use land (including leased), as well as the rights to own and use natural resources.
-as well as in other forms that do not contradict the current legislation.

Allowing foreign investors to participate in the privatization process

One of the priority areas for the development of the country's economy is a comprehensive strengthening of work to attract foreign investment.

At present, the country is on the path of increasing the role of private property in the economy, a sharp reduction in the state's share in the authorized capital of state-owned enterprises, the denationalization and privatization of enterprises in the leading sectors of the economy, aimed at the direct development and modernization of enterprises. In addition, investors have the opportunity to purchase unplaced state assets at zero cost, incurring capital obligations. All information about the privatization process in the Republic of Uzbekistan can be found on the website gki.uz.

Information about conversion restrictions

Information on restrictions on the conversion of sums into foreign currencies and their impact on the repatriation of income.

Currency funds of non-residents operating in Uzbekistan through a permanent representative office can be transferred to accounts abroad. In other words, for the first time in many years, income returns are allowed. This opportunity has already been used by foreign investment funds.

In accordance with the Law of the Republic of Uzbekistan on measures to ensure and protect the rights of foreign investors:

Foreign investors are guaranteed free transfer of funds in foreign currency without any restrictions, subject to the payment of taxes and other obligatory payments in the manner prescribed by the legislation of the Republic of Uzbekistan. These translations include:

  • – initial and additional amounts to maintain or increase foreign investment;
  • – return on investment;
  • - funds received to compensate for losses in accordance with this Law;
  • - payments made in the performance of contracts;
  • - proceeds from the sale of all or part of foreign investments;
  • – Dispute resolution fees, including any courts or arbitrators;
  • – wages and other payments to employees;
  • - funds received from other sources in accordance with the law.

In accordance with international law, the state suspends the return of funds in case of insolvency and bankruptcy of an enterprise with foreign investments or protection of the rights of creditors in the event of a criminal or administrative offense committed by a foreign investor. individual decision, court decision or arbitration, if necessary, it may suspend the return of funds of a foreign investor to his or her home country, subject to the non-discriminatory application of the law. (Article 7 Money Transfer Guarantee)

A foreign investor has the right to suspend investment activities in the Republic of Uzbekistan in the manner prescribed by law.
After the termination of investment activities, a foreign investor has the right to freely return to his country the assets received as a result of the termination of investment activities, in cash or in kind, without prejudice to the obligations of a foreign investor to the Republic of Uzbekistan. or other creditors. (Article 8. Guarantees for the return of foreign investments in connection with the termination of investment activities)

Detailed information about the Law of the Republic of Uzbekistan "On guarantees and measures to protect the rights of foreign investors" in Russian and Uzbek languages can be found at the following link:

In accordance with Article 10 of the Law on the Rights of Foreign Investors, a foreign investor is obliged to pay income (including obstacles) to investment activities in accordance with international law and the legislation of the Republic of Uzbekistan.

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