Legal Alerts
Uzbek Government Incentives for Tourism Sector Investment
On January 5, 2019 the President of Uzbekistan issued the Decree No. PP-4095 "On Measures for Accelerated Development of the Tourism Industry”. The Decree is aimed at stimulating further development of entrepreneurial activities in the sphere of tourism infrastructure development, including hotels, and sanitary facilities.…
Friday, 11 January 2019
Employment of foreigners in Uzbekistan
Presidential Decree No. PP-4008 On Measures for Creation of Favorable Conditions for Labour Activity of Qualified Specialists from Foreign Countries in the Territory of the Republic of Uzbekistan of November 7, 2018. Employers in Uzbekistan can employ foreign citizens only after obtaining a license for…
Thursday, 29 November 2018
National Agency for Project Management presents concept of tax reform
Following the Presidential Decree on Measures for Radical Improvement of the Tax Legislation of February 13, 2018, the National Agency for Project Management under the President of Uzbekistan has prepared and presented a draft of the Concept of Tax Reform envisaging cardinal changes of the…
Monday, 18 June 2018
Simplification of licensing procedures
On April 11, 2018, President Mirziyoev signed a decree providing for a palpable simplification of licensing procedures in a variety of industries. Generally, 42 licences and special permits were cancelled, whereas numerous procedures for obtaining licences and special permits were streamlined by the way of…
Wednesday, 18 April 2018
Proposed changes to Labor Code
On November 8, 2017, the Ministry of Employment and Labor Relations of Uzbekistan released its draft proposal on introducing amendments and addendums to the Uzbek Labor Code with the aim to improve the business climate within the country (for the document in Russian follow https://regulation.gov.uz/ru/documents/1814).…
Monday, 02 April 2018
New rules for foreign trade
Since the middle of 2017, the Uzbek government has made a number of decisive steps towards relaxation of foreign trade controls and simplification of procedures for concluding export and import contracts. Although nothing can surpass in importance the long-awaited liberalization of foreign exchange policy that…
Monday, 26 March 2018
Restructurization of Pharmaceutical Industry
The previous month brought significant changes into Uzbek pharmaceutical regulations, having re-established some fundamental patterns of the respective market’s operation. Aiming to spur development of the local market and to ensure satisfaction of the increasing demand for cheap medicines, the Government tries to optimize the…
Wednesday, 27 December 2017
State Committee for Investments initiates development of Investment Code
On November 2, 2017, the Uzbek State Committee for Investments released its draft Proposal for a new Investment Code that is intended to significantly improve the investment environment within Uzbekistan and to replace three main investment laws along with the large amount of ancillary laws…
Wednesday, 08 November 2017
Liberalization of forex policy
On September 2, 2017, the President of Uzbekistan adopted a long-awaited decree on liberalization of the forex policy in Uzbekistan, which provides for high-priority measures for “opening” foreign currency conversion and dealing with possible negative consequences of such liberalization. The Decree expressly proclaims that the…
Monday, 04 September 2017
Measures for development of tourism industry
President Mirziyoev issued the Decree on measures that need to be taken to further develop tourism industry in Uzbekistan. The Decree approves the program of high-priority measures for the development of tourism industry in Uzbekistan for 2018 -2019 (the “Program”) and establishes the Coordination Council…
Wednesday, 30 August 2017