Investment Policy
of the Republic of Uzbekistan
The investment legislation of
Uzbekistan is one of advanced
amongst legislations of the CIS
countries, and
it incorporated major provisions of
the international investment law
The following laws form the basis of
investment environment in Uzbekistan:
On Foreign Investments;
On Investment Activities;
On Guarantees and Measures of Protection
of Rights of Foreign Investors.
In addition there is number of legislative
normative acts issued in the form of Decrees
of the President and/or Resolutions of the
Government of Uzbekistan.
Foreign investments in Uzbekistan could be
made in different forms, and in particular:
equity participation in charter funds and other
property of business entities, banks, insurance
institutions and other enterprises established
together with legal entities and/or with natural
persons of Uzbekistan;
creation and development of business entities,
banks, insurance institutions and other enterprises
completely belonging to foreign investors;
purchase of property, shares and other securities,
including the promissory notes emitted by residents
of Uzbekistan;
purchase of concessions, including concessions on
prospecting, exploration, extraction or use of natural
resources.
As of today, the most different forms of capital
investment are offered to potential foreign
investors:
creation of joint venture;
creation of the enterprise with 100 % foreign
capital;
purchase of a part or full package of shares
of privatized enterprises.
Guarantees and Measures of Protection
of Foreign Investors
the state guarantees and protects the rights of
the foreign investors carrying out investment
activity within the Republic of Uzbekistan.
In case the subsequent legislation of the
Republic of Uzbekistan deteriorates investment
environment to foreign investors, within ten
years from the moment of investment, the
legislation acted on date of investment shall
apply. The foreign investor is entitled to apply at
own discretion those provisions of the new
legislation which improve investment
environment.
In some cases on the basis of concluding investment
agreement additional guarantees and measures of
protection can be given to foreign investors at
investment in:
the priority sectors providing steady economic
growth, progressive structural changes of a
national economy;
the priority projects providing strengthening and
expansion of an export potential of the country,
its integration into world economic relations;
projects in sphere of small business oriented at
processing of raw material and materials,
production of consumer goods and services,
providing population with employment.
TAX SYSTEM
The tax system of Uzbekistan consists of two
modes: the single tax and general tax regime.
Single tax payers are micro and small
enterprises, and enterprises of trade and
catering, legal entities in the implementation of
the lottery, sweepstakes and other games based
on risk.
Other companies fall under the general tax
regime. Also, there are taxes that are paid actors
both tax regimes. Below is invoked schematic
table of the tax system of the Republic of
Uzbekistan, as well as tax rates.
Visa of the Republic of Uzbekistan
According to the legislation of the Republic of
Uzbekistan foreign citizens and stateless
persons can enter Uzbekistan or travel
through its territory for transit on the basis of
entrance visas only.
Visa of the Republic of Uzbekistan
Foreign citizens and stateless persons can
get visas at the diplomatic representations
and consular missions of the Republic of
Uzbekistan abroad on the basis of the visa
support
Visa support shall be issued on the basis of
application of the inviting physical or juridical
persons permanently or temporarily residing
in Uzbekistan submitted to the Ministry of
Foreign Affairs of the Republic of Uzbekistan.
Visa of the Republic of Uzbekistan
In order to apply for the visa, foreign citizens
and stateless persons are to submit the
following documents to the diplomatic
representation or consular mission of
Uzbekistan abroad:
passport or document of stateless person,
expiry date of which must exceed the visa’s
period of validity not less than 3 months;
2 copies of duly completed visa application
form;
2 passport-size colored photos.
Visa of the Republic of Uzbekistan
For a transit visa foreign citizens and
stateless persons in addition to the above
mentioned documents must have a visa of
the country of final destination and travel
documents with confirmed date of
departure from Uzbekistan.
Embassy of the Republic of Uzbekistan
in Islamic Republic of Iran
Pasdaran Avenue, Buston street, Nastaran
street, 21 Tehran
Tel.: 22832071; 22299780
Fax: 22299158
Consular section
of the Embassy of the Republic of Uzbekistan
in Islamic Republic of Iran
Pasdaran Avenue, Akdasie street, 4th park-15
Tehran
Tel./Fax: 22291519
International documents between the Government
of the Republic of Uzbekistan and the Government
of the Islamic Republic of Iran
On the reciprocal promotion and protection of
investments, signed on 26.04.2002
For the avoidance of double taxation and
exchange of information with respect to taxes on
income and capital, signed on 26.04.2002
On trade and economic cooperation, signed on
26.04.2002
MOU on reciprocal trade preferences, signed
on 23.06.2003
Useful Contacts
Ministry for foreign economic relations, investments and
trade of the Republic of Uzbekistan (MFERIT)
1, T.Shevchenko st., 700029, city of Tashkent, Uzbekistan,
Tel..: (99871) 138-50-00, Fax.: (99871) 239-17-51, 238-52-00
email: secretary@mfer.uz, www.mfer.uz
UzInfoInvest Agency for Information and Assistance to
the Foreign Investors under the Ministry for foreign
economic relations,investments and trade of the Republic
of Uzbekistan
1, T.Shevchenko st., 700029, city of Tashkent, Uzbekistan,
Тel.: (99871) 238-91-00, Fax: (99871) 238-92-00
e-mail: uzinfoinvest@mfer.uz, www.investuzbekistan.uz,
www.uzinfoinvest.uz
Insurance companies
Madad Insurance company
53 B, Usmon Nosir st., Tashkent, tel.: 53-40-11
UzAgrosug’urta Insurance company
13, Movarounnahr st., Tashkent, tel.: 233-31-52
UzbekInvest Insurance company
49, Khadicha Sulaymonova st., Tashkent, tel.: 236-76-27
Kafolat Insurance company
13, Movarounnahr st., Tashkent, tel.: 233-26-98
Alfa Invest
107 B, Amir Temur st., Tashkent, tel.: 120-68-00
Asia Insurance LLC
34, Shevchenko st., Tashkent, tel.: 300-00-11
Certification Bodies
O’ZBEKEKSPERTIZA OJSC
51, Parkent st, Tashkent, 100007, tel.: 238-53-57, fax: 240-0920
e-mail: uzbekexpert@yahoo.com
Uzbek Agency for Standardization, Metrology, and
Certification
(Oz’Standard Agency), 333, Farobiy st., Tashkent 700049
tel.: 244-96-01, 396-85-07, hotline: 393-16-13, fax: 244-8028, 244-80-31, website: www.standart.uz e-mail:
uzst@standart.uz
Standardization, Metrology, and Certification Research
Institute
9, Cholpon Ota st., Tashkent 700059 tel.: 362-85-67, 362-8055,
fax: 362-85-55, website: www.smsiti.ilim.uz email:smsiti@uzsci.net
Certification Bodies
Republican Testing and Certification Center
333, Farobiy st., Tashkent 700049, Tel.: (998-71) 250-63-53
Hotline: 214-37-80, Fax: (998-71)250-63-54,
e-mail: sertcenter@standart.uz
Center of National Standards (CNS)
333, Farobiy st., Tashkent 700049, tel.: 249-35-08, fax: 249-35-08
e-mail: nscenter@standart.uz
Metrology Services Center
333, Farobiy st., Tashkent 700049
tel.: 250-26-03, hotline: 250-26-12, fax: 250-26-15
e-mail: metrolog@sarkor.uz
Bar-code Center
9, Cholpon Ota st., Tashkent 700059, tel.: 253-80-70, fax: 253-80-70
e-mail: biserovkamil@mail.ru
"GS1 Uzbekistan" Association (EAN Uzbekistan)
6, Bukhara st., Tashkent, 100047, tel.:236 71 31, fax:236 79 46
e-mail: info@gs1uz.org website: www.gs1uz.org
Thanks for attention!