Regulatory Alerts2016-10-05 | ПФ-4848Added
On Additional Measures to Ensure Accelerated Development of Entrepreneurial Activity, Comprehensive Protection of Private Property, and Quality Improvement of the Business Climate
The President of Uzbekistan established a priority state policy to expand freedom for small business and private entrepreneurship while drastically reducing government interference. Effective January 1, 2017, all unscheduled inspections of entrepreneurs were abolished except for liquidation cases or specific complaints, and counter-inspections were eliminated. First-time offenders in financial activities or illegal business operations are exempt from administrative and criminal liability if they voluntarily rectify violations and compensate damages within specified timeframes. New production enterprises with foreign investments may apply existing tax rates for five years, and export contract registration requirements were removed.
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