General Overview

Uzbekistan welcomes foreign investment and has implemented policies to facilitate international business activities. Understanding the regulations surrounding investments, currency transactions, and capital markets is crucial for successful cross-border operations.​

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Key Considerations​

• Foreign Direct Investment (FDI): Uzbekistan offers a favorable environment for FDI, with no specific registration requirements for investors. The government provides sovereign guarantees for certain investments and has signed Bilateral Investment Treaties (BITs) with numerous countries to protect investor rights.

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• Currency Regulations: While cross-border transactions can be conducted in any preferred currency, domestic transactions generally require the use of the Uzbekistani soum (UZS). Recent reforms have simplified currency conversion processes for resident companies and individuals.

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• Capital Markets: Uzbekistan's capital market is evolving, with a focus on attracting portfolio investment. The Republican Stock Exchange "Tashkent" serves as the primary platform for securities trading. The government has taken steps to liberalize currency operations and simplify capital repatriation for foreign investors.

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• International IP Protection: Vital for safeguarding intellectual property rights in Uzbekistan and internationally, preventing infringement, and maintaining a competitive advantage.

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• Global Mobility Services: Critical for managing the complexities of international employee transfers, including visa and work permit applications, tax planning, and relocation support.​​

Navigating the Complexities

Engaging in international business activities in Uzbekistan involves understanding FDI policies, currency regulations, and capital market dynamics. Our firm provides expert guidance to help businesses navigate these complexities, ensuring compliance, optimizing investment strategies, and facilitating smooth cross-border transactions.