On Measures for Fundamental Improvement of the Investment Climate in the Republic of Uzbekistan

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[ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Funds from Abroad (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.01.00 State Regulation of Investment Activity; 2. 10.00.00.00 Foreign Economic Activity. Customs Affairs / 10.01.00.00 General Rules in the Field of Foreign Economic Activity / 10.01.06.00 Guarantees for Foreign Investors] [ TSZ: 1. Finance / Investments] Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element Decree of the President of the Republic of Uzbekistan Send suggestions for the document Listen to audio Get a link from the document element On Measures for Fundamental Improvement of the Investment Climate in the Republic of Uzbekistan Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element It should be noted that extensive measures have been implemented to form the most favorable investment climate for attracting direct investments in the country, including liberalization of the economy, reform of state management, restriction of interference in the activities of business entities, reduction and simplification of licensing and permitting procedures, ensuring free use of goods (works and services), as well as creating necessary infrastructure in regions. Send suggestions for the document Listen to audio Get a link from the document element Tax burden reduction and simplification of the taxation system for investors, tax policy aimed at supporting a healthy competitive environment, and customs-tariff regulatory reforms are being implemented at a rapid pace. Send suggestions for the document Listen to audio Get a link from the document element At the same time, bureaucratic barriers and obstacles still exist, related to the fact that initiatives of investors are not sufficiently supported by authorities of all levels, especially in the regions, and the activities of ministries and departments in this regard are not clearly coordinated, which hinders the strengthening of confidence in the consistency of state policy in forming a favorable investment climate. Send suggestions for the document Listen to audio Get a link from the document element In order to further improve the investment climate in the country, encourage the attraction of direct investments, strengthen investors' confidence in the consistency of state policy in this regard, and increase the responsibility of state structures in working with investors: [ OKOZ: 1. 09.00.00.00 Entrepreneurship and Economic Activity / 09.01.00.00 Legislation on Entrepreneurship / 09.01.09.00 State Support for Entrepreneurs and Protection of Their Rights; 2. 10.00.00.00 Foreign Economic Activity. Customs Affairs / 10.01.00.00 General Rules in the Field of Foreign Economic Activity / 10.01.06.00 Guarantees for Foreign Investors] Send suggestions for the document Listen to audio Get a link from the document element

1. Establish such a procedure from August 1, 2018, according to which: Send suggestions for the document Listen to audio Get a link from the document element compensation for property damage arising from the fact that a state body (official) has issued an administrative document against an honest investor and business entity, on which they relied regarding its legal force, shall be paid if, having relied on the legal force of this document, they used property, concluded agreements, or otherwise used benefits and privileges, and this document was later found to be invalid or canceled; Send suggestions for the document Listen to audio Get a link from the document element the issue of canceling or changing the administrative document of a state body (official), if it concerns the legitimate interests of an honest investor and business entity, shall be considered in court, except in cases where its preservation poses a threat to public interests.

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element [ OKOZ: 1. 16.00.00.00 Security and Law Enforcement / 16.10.00.00 Administrative Justice / 16.10.02.00 Administrative Proceedings; 2. 17.00.00.00 Fair Trial / 17.06.00.00 Economic Procedural Legislation / 17.06.01.00 General Rules] Send suggestions for the document Listen to audio Get a link from the document element 1 1. It is established that:

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element the damage caused to a business entity as a result of decisions, actions (inaction) of state bodies, their officials, and employees recognized as unlawful shall be compensated in full from the funds of targeted funds for compensation of property damage to physical and legal persons, based on a court decision, with subsequent full recovery from guilty persons in a regress order; (1 1

• the second paragraph of clause 1 was edited in the Decree of the President of the Republic of Uzbekistan No. PF-99 dated June 19, 2023 — National Database of Legislation, June 20, 2023, No. 06/23/99/0403-son) Send suggestions for the document Listen to audio Get a link from the document element economic disputes between business entities shall be considered by economic courts or arbitration courts. (1 1
• introduced based on the Decree of the President of the Republic of Uzbekistan No. PF-6218 dated April 30, 2021 — National Database of Legislation, April 30, 2021, No. 06/21/6218/0398-son)

See previous edition. (Clause 2 lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-15 dated January 30, 2023)

See previous edition. (Clause 3 lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-15 dated January 30, 2023)

See previous edition. (Clause 4 lost its force based on the Decree of the President of the Republic of Uzbekistan No. PF-99 dated June 19, 2023 — National Database of Legislation, June 20, 2023, No. 06/23/99/0403-son) [ OKOZ: 1. 01.00.00.00 Constitutional System / 01.15.00.00 Local State Authority Bodies / 01.15.03.00 Local Executive Bodies (Khokimiyats) (also see 02.04.00.00); 2. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Funds from Abroad (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.06.00 Investment Programs and Projects / 07.28.06.02 Investment Projects] Send suggestions for the document Listen to audio Get a link from the document element 5. To:

See previous edition. (The second paragraph of clause 5 was issued based on the Decree of the President of the Republic of Uzbekistan No. PF-5780 dated August 13, 2019 — National Database of Legislative Acts, August 14, 2019, No. 06/19/5780/3559-son — enters into force from October 1, 2019)

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element the Chairman of the Council of Ministers of the Karakalpakstan Republic, Khokims of regions and Tashkent City are granted the right to conclude investment contracts with foreign investors in the implementation of investment projects with a share of foreign investment not exceeding the equivalent of 10 million US dollars, within the framework and in the manner established by legislative acts. (The second paragraph of clause 5 was edited in the Decree of the President of the Republic of Uzbekistan No. PF-67 dated April 19, 2024 — National Database of Legislation, April 27, 2024, No. 06/24/67/0307-son)

See previous edition. (The third paragraph of clause 5 was issued based on the Decree of the President of the Republic of Uzbekistan No. PF-67 dated April 19, 2024 — National Database of Legislative Acts, April 27, 2024, No. 06/24/67/0307-son) Send suggestions for the document Listen to audio Get a link from the document element 6. The proposals of the Ministry of Justice, the Ministry of Economy, and the State Committee for Privatization and Competition Development of the Republic of Uzbekistan to: Send suggestions for the document Listen to audio Get a link from the document element reduce the minimum amount of foreign investment share in the authorized fund of companies with foreign investment participation from 30 percent to 15 percent; Send suggestions for the document Listen to audio Get a link from the document element cancel the requirement for the participation of a foreign legal entity as a participant of a company with foreign investment participation; Send suggestions for the document Listen to audio Get a link from the document element reduce the minimum amount of the authorized fund of companies with foreign investment participation from 600 million UZS to 400 million UZS; Send suggestions for the document Listen to audio Get a link from the document element reduce the amount of state duty for state registration of companies with foreign investment participation by three times; Send suggestions for the document Listen to audio Get a link from the document element set the minimum amount of the authorized fund of joint-stock companies at 400 million UZS; Send suggestions for the document Listen to audio Get a link from the document element approve their proposals regarding the conclusion of export contracts for fruit and vegetable products at prices not lower than those announced by JSC "Uzagroeksport", as well as the cancellation of the procedure for customs clearance of fruit and vegetable products based on invoices at prices not lower than those indicated on the official website of JSC "Uzagroeksport" without concluding an export contract for fruit and vegetable products.

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element [ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Funds from Abroad (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.07.00 Companies with Foreign Investor Participation; 2. 10.00.00.00 Foreign Economic Activity. Customs Affairs / 10.01.00.00 General Rules in the Field of Foreign Economic Activity / 10.01.06.00 Guarantees for Foreign Investors] Send suggestions for the document Listen to audio Get a link from the document element 6 1. It is established that: Send suggestions for the document Listen to audio Get a link from the document element companies with foreign investment participation, including foreign, branch, and joint ventures, that meet the conditions specified in clause 6 of this Decree and where more than 60 percent of the total income from economic activity corresponds to the share of products and (or) services they produce and (or) provide in their authorized activity, are included in the category of companies with foreign investment participation; Send suggestions for the document Listen to audio Get a link from the document element the final deadline for forming the authorized funds of companies with foreign investment participation in the amounts specified in their founding documents, if other rules are not provided for in certain decisions of the Government, shall not exceed one year from the moment the company is state registered; Send suggestions for the document Listen to audio Get a link from the document element companies with an authorized fund amount of at least 200 million UZS and a foreign investment share in the authorized fund of 15 percent are considered newly established companies with foreign investment participation in the territory of the Karakalpakstan Republic and Khorezm Region; Send suggestions for the document Listen to audio Get a link from the document element the privilege specified in the fourth paragraph of this clause applies only to newly established companies with foreign investment participation that are registered in the prescribed manner, located in the territory of the Karakalpakstan Republic and Khorezm Region, and carrying out their activities. (Clause 6-1 was introduced based on the Decree of the President of the Republic of Uzbekistan No. PF-6218 dated April 30, 2021 — National Database of Legislation, April 30, 2021, No. 06/21/6218/0398-son) Send suggestions for the document Listen to audio Get a link from the document element 7. The Deputy Prime Minister of the Republic of Uzbekistan — Chairman of the State Committee for Investments of the Republic of Uzbekistan S.R. Kholmurodov: Send suggestions for the document Listen to audio Get a link from the document element ensure coordinated activities of authorized bodies in attracting foreign investments and comprehensive support, based on their respective powers; Send suggestions for the document Listen to audio Get a link from the document element hold monthly reports on the implementation of state investment policy, having evaluated the performance of the main tasks of ministries, departments, economic associations, the Council of Ministers of the Karakalpakstan Republic, Khokimiyats of regions and Tashkent City, and trade and economic advisors, including using information and communication technology opportunities; Send suggestions for the document Listen to audio Get a link from the document element expand the attraction of foreign investments by organizing international conferences, seminars, and large investment forums to widely inform foreign investors about the economic potential of our country and the favorable conditions created for doing business. [ OKOZ: 1. 02.00.00.00 Fundamentals of State Management / 02.03.00.00 Republican State Management Bodies and Economic Management Bodies / 02.03.02.00 Ministries; 2. 02.00.00.00 Fundamentals of State Management / 02.03.00.00 Republican State Management Bodies and Economic Management Bodies / 02.03.03.00 Committees; 3. 10.00.00.00 Foreign Economic Activity. Customs Affairs / 10.01.00.00 General Rules in the Field of Foreign Economic Activity / 10.01.06.00 Guarantees for Foreign Investors] Send suggestions for the document Listen to audio Get a link from the document element 8. To: Send suggestions for the document Listen to audio Get a link from the document element the heads of complexes, ministries, departments, and economic associations of the Republic of Uzbekistan — the effective implementation of decisions adopted on the development of the investment climate, provision of necessary assistance to foreign investors, quality and prompt consideration of investment orders, conducting consultation procedures for investment orders, as well as the resolution of problematic issues in the field of socio-economic development and investment activity;

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element the Chairman of the Council of Ministers of the Karakalpakstan Republic, Khokims of regions and Tashkent City — the provision of all necessary assistance to foreign investors, prompt consideration of investment orders through establishing direct and open communication with investors, systematic personal reception of investors, provision of relevant infrastructure, posting of land plots for electronic online auctions, issuance of permitting documents, timely implementation of consultation procedures for investment orders, and systematic monitoring of the implementation of investment projects; (The third paragraph of clause 8 was edited in the Decree of the President of the Republic of Uzbekistan No. PF-99 dated June 19, 2023 — National Database of Legislation, June 20, 2023, No. 06/23/99/0403-son)

See previous edition. (The fourth paragraph of clause 8 was issued based on the Decree of the President of the Republic of Uzbekistan No. PF-159 dated October 16, 2024 — National Database of Legislation, October 17, 2024, No. 06/24/159/0828-son) Send suggestions for the document Listen to audio Get a link from the document element the Chairman of JSC "Uzbekenergo", the Chairman of JSC "Uzbekneftegaz", the Minister of Housing and Communal Services of the Republic of Uzbekistan, the Chairman of the Council of Ministers of the Karakalpakstan Republic, and Khokims of regions and Tashkent City — the construction of investors' production facilities and their connection to external infrastructure, and the uninterrupted supply of electricity, natural gas, and water according to investors' production needs, as well as connection to external sewage networks; Send suggestions for the document Listen to audio Get a link from the document element the Chairman of the Chamber of Commerce and Industry of the Republic of Uzbekistan — personal responsibility for providing advisory assistance to investors in the implementation of investment projects in the regions of the republic. Send suggestions for the document Listen to audio Get a link from the document element

See previous edition. Send suggestions for the document Listen to audio Get a link from the document element [ OKOZ: 1. 01.00.00.00 Constitutional System / 01.05.00.00 Population / 01.05.05.00 Foreign Citizens and Stateless Persons; 2. 02.00.00.00 Fundamentals of State Management / 02.07.00.00 Administrative-Legal Regimes (Modes) / 02.07.06.00 Passport and Visa Regimes (also see 16.05.03.00); 3. 10.00.00.00 Foreign Economic Activity. Customs Affairs / 10.01.00.00 General Rules in the Field of Foreign Economic Activity / 10.01.06.00 Guarantees for Foreign Investors] Send suggestions for the document Listen to audio Get a link from the document element 9. Foreign citizens and stateless persons who have invested in the Republic of Uzbekistan in the form of acquiring shares and interests of economic societies in an amount not less than 8,500 times the base calculation amount established in the Republic of Uzbekistan at the time of investment, as well as investing in the Republic of Uzbekistan in the form of establishing a foreign enterprise, are granted the right to obtain a multiple three-year visa and extend its validity period for an unlimited number of times without leaving the territory of the Republic of Uzbekistan. (The first paragraph of clause 9 was edited in the Decree of the President of the Republic of Uzbekistan No. PF-5894 dated December 13, 2019 — National Database of Legislative Acts, December 14, 2019, No. 06/19/5894/4161-son) Send suggestions for the document Listen to audio Get a link from the document element The Ministry of Internal Affairs of the Republic of Uzbekistan shall submit proposals on introducing a procedure for granting the status of "Honorary Citizen" to foreign citizens who have invested significant amounts in priority sectors of the country's economy. [ OKOZ: 1. 02.00.00.00 Fundamentals of State Management / 02.08.00.00 General Issues of State Management in the Field of Economy, Socio-Cultural Construction / 02.08.01.00 State Programs, Concepts, etc.] Send suggestions for the document Listen to audio Get a link from the document element 10. The Program of Measures to Increase the Investment Attractiveness of the Country is approved in accordance with the Appendix. Send suggestions for the document Listen to audio Get a link from the document element Heads of ministries and departments are assigned personal responsibility for the timely and quality implementation of the measures provided for in the Program of Measures. Send suggestions for the document Listen to audio Get a link from the document element 11. The State Committee for Investments of the Republic of Uzbekistan, together with the National Agency for Project Management under the President of the Republic of Uzbekistan, shall develop and submit in the prescribed manner a draft unified legislative act aimed at creating the most favorable conditions for investment by January 1, 2019. LexUZ Commentary See: Law of the Republic of Uzbekistan "On Investments and Investment Activity". Send suggestions for the document Listen to audio Get a link from the document element 12. The Prosecutor General's Office of the Republic of Uzbekistan, regardless of subordination, shall establish strict control over the unconditional compliance with current legislative acts on the protection of investors' rights and guarantees by all levels of state management bodies and other organizations, and take effective measures to prevent violations of legislative acts and hold guilty officials accountable. Send suggestions for the document Listen to audio Get a link from the document element 13. The Ministry of Justice of the Republic of Uzbekistan within two months: Send suggestions for the document Listen to audio Get a link from the document element shall submit proposals to the Cabinet of Ministers on changes and additions to legislative acts arising from this Decree, together with the State Committee for Investments, the State Committee for Land Resources, Geodesy, Cartography and State Cadastre, the Ministry of Economy, and other interested departments; Send suggestions for the document Listen to audio Get a link from the document element shall conduct a full inventory of departmental normative legal acts from the point of view of identifying norms and rules that hinder or complicate the implementation of investment activity, and take measures to eliminate them. Send suggestions for the document Listen to audio Get a link from the document element 14. Control over the implementation of this Decree is assigned to the Prime Minister of the Republic of Uzbekistan A.N. Aripov, the Deputy Prime Minister of the Republic of Uzbekistan — Chairman of the State Committee for Investments of the Republic of Uzbekistan S.R. Kholmurodov, the Prosecutor General of the Republic of Uzbekistan O.B. Murodov, and the First Deputy State Advisor to the President of the Republic of Uzbekistan B.M. Mavlonov. Send suggestions for the document Listen to audio Get a link from the document element President of the Republic of Uzbekistan Sh. MIRZIYOYEV Send suggestions for the document Listen to audio Get a link from the document element Tashkent City, Send suggestions for the document Listen to audio Get a link from the document element August 1, 2018, Send suggestions for the document Listen to audio Get a link from the document element No. PF-5495 Send suggestions for the document Listen to audio Get a link from the document element Send suggestions for the document Listen to audio Get a link from the document element APPENDIX To the Decree of the President of the Republic of Uzbekistan No. PF-5495 dated August 1, 2018 Send suggestions for the document Listen to audio Get a link from the document element Program of Measures to Increase the Investment Attractiveness of the Country Send suggestions for the document Listen to audio Get a link from the document element

No.

Measures

Form of Implementation

Deadlines

Responsible Executors

Development of a unified legislative act regulating investment activity.

Draft Law

By December 31, 2018

State Committee for Investments (Kholmurodov), NPMA (Sodikov), Ministry of Economy (Khodjaev), TCW (Khojaev), Ministry of Justice (Davletov), MIA (Kamilov),

State Committee for Competition

(MB) (Nurmurotov)

Reduction of the minimum amount of the authorized fund of a joint-stock company to 400 million UZS.

Draft Law

By September 15, 2018

State Committee for Competition (Gulomov), NPMA (Sodikov), Ministry of Economy (Khodjaev), Ministry of Justice (Davletov)

Granting the right to foreign physical persons to act directly as founders (participants) of companies with foreign investment participation.

Draft Decree of the President of the Republic of Uzbekistan

By September 30, 2018

Ministry of Justice (Davletov),

Ministry of Economy (Khodjaev), NPMA (Sodikov)

Reduction of the minimum amount of the foreign investment share to 15 percent.

---

Measures for the Fundamental Improvement of the Investment Climate in the Republic of Uzbekistan, including extending the accreditation period to up to 5 years and reducing the accreditation fee by three times.

Draft Legal Act

By September 30, 2018

State Committee for Investments (Kholmurodov), Ministry of Finance (Haydarov), TSV (Khojaev), SSP (Ikromov)

Development of a "Roadmap" aimed at promoting the brand of the Republic's regions and advertising (clips) by placing them on leading TV channels, showcasing them at festivals and conferences, and on social networks, as well as developing original slogans.

Draft Resolution of the Cabinet of Ministers

By September 30, 2018

State Committee for Investments (Kholmurodov), State Committee for Tourism Development (Umarov), LBMA (Sodiqov), Ministry of Economy (Khojaev), TIV (Kamilov), TSV (Khojaev), SSP (Ikromov)

Organization and holding of global conferences aimed at highlighting the essence and significance of reforms being implemented in the country with the participation of business communities of partner countries, including informing investors about changes in legislation.

Organizational measures

By October 30, 2018

LBMA (Sodiqov), State Committee for Investments (Kholmurodov), TIV (Kamilov), TSV (Khojaev), SSP (Ikromov)

Abolishing the procedure for calculating and maintaining statistics on forecast indicators of separate product exports by regions.

Regions exporting products:

all participants in export operations, including product manufacturers and supporting bodies;

volumes of products being taken out by individuals;

establishing a procedure for maintaining export statistics, taking into account factors negatively affecting export operations related to reports on the fulfillment of forecast indicators.

Draft Legal Act

By September 1, 2018

State Committee for Statistics (Begalov), TSV (Khojaev), DBQ (Azimov)

Strengthening guarantees for ensuring reliable protection of rights to intellectual property objects.

Draft Legal Act

By November 10, 2018

Ministry of Justice (Davletov), Agency for Intellectual Property (Fayzullaev), General Prosecutor's Office (Saidkarimov)

Development of concession relations, including increasing the term of concession agreements.

Draft Law

By December 1, 2018

Ministry of Economy (Khojaev), LBMA (Sodiqov),

State Committee for Competition (Gulomov), State Committee for Investments (Kholmurodov), Ministry of Finance (Haydarov)

Simplification of permit procedures in the field of labor activity and attraction of foreign labor force by foreign investors.

Draft Legal Acts

By September 30, 2018

Ministry of Justice (Davletov), Ministry of Labor (Kudbiev), MIA (Bobojonov), SDB (Igambayev), Ministry of Economy (Khojaev)

Improvement of labor legislation in the private sector, including:

expanding the grounds for concluding fixed-term labor contracts;

introducing new forms of employment (one-time, hourly), as well as the procedure for hourly wage payment;

expanding the employer's opportunity to terminate a labor contract, including reducing the notice period.

Draft Law

By November 15, 2018

Ministry of Labor (Kudbiev), Ministry of Justice (Davletov),

Ministry of Economy (Khojaev), Ministry of Finance (Haydarov)

Development of the issue regarding the expediency of introducing the tax credit institution.

Analytical Information

By September 30, 2018

SCS (Musayev), Ministry of Finance (Haydarov),

Ministry of Economy (Khojaev), LBMA (Sodiqov), State Committee for Investments (Kholmurodov)

Improvement of the procedure for concluding and implementing investment contracts, including transferring the right to conclude investment contracts to local executive authorities and optimizing procedures.

Draft Legal Act

By October 20, 2018

State Committee for Investments (Kholmurodov), LBMA (Sodiqov), Ministry of Economy (Khojaev), Ministry of Justice (Davletov)

Introduction of modern methods of law-making activity aimed at ensuring the stability and predictability of legislation, as well as eliminating the excessive burden of legal management.

Package of Measures

By November 30, 2018

Ministry of Justice (Davletov), General Prosecutor's Office (Saidkarimov), Ministry of Economy (Khojaev)

Expansion of the list of circumstances recognized as factors worsening investment conditions, providing for these circumstances at the legislative level, and determining the authorized body that provides a conclusion on the application of guarantees.

Draft Legal Act

By December 1, 2018

State Committee for Investments (Kholmurodov), LBMA (Sodiqov),

Ministry of Justice (Davletov), General Prosecutor's Office (Saidkarimov), Ministry of Economy (Khojaev)

Taking measures to align national accounting standards with international financial reporting standards.

Package of Measures

By November 1, 2018

Ministry of Finance (Qo'chqorov), SCS (Musayev), LBMA (Sodiqov)

Development and introduction of the procedure for leasing land plots.

Draft Resolution of the Cabinet of Ministers

By November 1, 2018

State Committee for Land Geodesy and Cadastre (Abdullaev), Ministry of Construction (To'xtayev), Ministry of Justice (Davletov)

Development of legal mechanisms for the gradual introduction of private property rights to land plots of non-agricultural importance (in the first stage – in the sale of buildings together with land plots and in real estate construction) and their application to civil circulation.

Draft Legal Acts

By November 1, 2018

Ministry of Justice (Davletov), State Committee for Land Geodesy and Cadastre (Abdullaev)

Abolition of fine sanctions applied to business entities for allowing delays in the receipt of currency funds (except for state-owned enterprises).

Draft Resolution of the Cabinet of Ministers

By November 30, 2018

SCS (Musayev), Ministry of Finance (Haydarov), Accounting Chamber (Ikromov), General Prosecutor's Office (Saidkarimov)

Development of the Draft Law "On International Commercial Arbitration".

Draft Law

By August 30, 2018

Cabinet of Ministers (Kholmurodov), SSP (Ikromov), Ministry of Economy (Khojaev), Supreme Court (Dehqonov)

Fundamental reform of the system of licensing and permit procedures, including:

unification of legislation on licensing and permit procedures for certain types of business activities, including the application of the norms of the Law "On Administrative Procedures" to licensing and permit procedures;

approval of a new classification of the licensing and permit procedures system based on risk categories, introducing a notification procedure for certain types of activities and actions corresponding to low-risk categories within the new system;

development of a methodology for assessing the impact of the licensing and permit procedures system on the investment climate based on a standard model for evaluating the costs of business entities.

Draft Legal Acts

By December 1, 2018

LBMA (Sodiqov), Ministry of Justice (Davletov), SSP (Ikromov)

Acceleration of privatization processes and attraction of private capital to joint-stock companies, primarily in the construction and finance sectors, including through the public placement of shares (IPO and SPO) to the population in no fewer than 5 objects in 2018-2019;

trading organizers independently apply the mechanism of step-by-step reduction of the price of state property objects by the seller in accordance with the established procedure.

Draft Resolution of the Cabinet of Ministers

By September 20, 2018

State Committee for Competition

(Gulomov),

Ministry of Finance (Haydarov),

Ministry of Economy (Khojaev)

Improvement of legislative acts aimed at attracting investments in the education sector, including the opening of branches of leading foreign higher education institutions and the implementation of distance learning mechanisms;

abolishing the licensing of leading foreign higher education institutions and recognizing diplomas issued by them without additional procedures, including without accreditation.

Draft Resolution of the President of the Republic of Uzbekistan

By November 10, 2018

MOHES (Majidov), LBMA (Sodiqov),

Ministry of Justice (Davletov) Send suggestions for the document Listen to audio Get a reference from the document element Comment : In the implementation of the measures envisaged in this Program, the form of the document being developed may be changed or the document being developed may be combined with other documents envisaged in other paragraphs. When two or more documents are combined, the latest specified deadline for performing the relevant paragraphs is considered the deadline for their development. LexUZ commentary Appendix is an unofficial translation. (National database of legal acts, 02.08.2018, No. 06/18/5495/1611, 14.08.2019, No. 06/19/5780/3559, 14.12.2019, No. 06/19/5894/4161; Legislative information national database, 30.04.2021, No. 06/21/6218/0398, 09.06.2021, No. 06/21/6243/0540, 30.12.2021, No. 06/21/42/1224; 20.06.2023, No. 06/23/99/0403; 27.04.2024, No. 06/24/67/0307; 17.10.2024, No. 06/24/159/0828)