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IT, Fintech & Telecommunications

General Overview

Uzbekistan's IT, Fintech, and Telecommunications sectors are experiencing rapid growth, fueled by government support and a burgeoning digital economy. The establishment of IT Park, a specialized technology hub, has been instrumental in attracting investment, fostering innovation, and nurturing a thriving tech ecosystem. The government's focus on digital transformation, coupled with a young and tech-savvy population, presents significant opportunities for businesses in these sectors.

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Key Advantages and Opportunities

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  • IT Park Benefits: IT Park residents enjoy a range of attractive incentives, including exemption from all taxes and mandatory contributions to state funds, a reduced personal income tax rate for employees, and customs duty exemptions on imported equipment and software.

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  • Fintech Innovation: The government is actively promoting fintech development, creating a regulatory sandbox for testing innovative financial technologies and encouraging collaboration between traditional financial institutions and fintech startups.

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  • Telecommunications Infrastructure: Significant investments in telecommunications infrastructure, including the expansion of broadband internet and mobile networks, are enhancing connectivity and enabling the growth of digital services.

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  • Skilled Workforce: Uzbekistan boasts a young and educated population with a growing pool of IT and tech talent, providing a strong foundation for the development of the IT and fintech sectors.

Our Services

Our consulting firm offers a comprehensive suite of services tailored to the specific needs of businesses operating in the dynamic landscape of Uzbekistan. We understand the unique challenges and opportunities present in this market, and we provide expert guidance and support to help you navigate complexities and achieve your business goals.

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Our Services for the IT, Fintech & Telecom Sector include:

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  • Assistance in obtaining IT Park residency

  • Preparation of business plans for IT Park residency applications

  • Guidance on selecting the optimal legal structure

  • Assistance with company registration and setup

  • Navigating licensing and permitting procedures

  • Ensuring compliance with telecommunications and data protection regulations

  • Tax optimization strategies, including leveraging IT Park benefits

  • Compliance support and audit assistance

  • Advisory on navigating the regulatory sandbox for fintech innovations

  • Support in developing and implementing fintech solutions

  • Assistance with technology selection and implementation

  • Guidance on software development and IT infrastructure

  • Developing and executing digital marketing strategies

  • Building and enhancing brand presence in the digital space

 

Partner with us to leverage our expertise and experience in the IT, Fintech & Telecommunications sectors. We are dedicated to helping you establish, operate, and grow your business in Uzbekistan's dynamic digital landscape, ensuring full compliance and maximizing your success potential.

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