UZBEKISTAN · CORPORATE & COMMERCIAL
Commercial Contracts in Uzbekistan
Bond Stone advises international investors on commercial contracts in uzbekistan — from initial structuring through documentation, regulatory compliance, and post-transaction management. Bond Stone’s Tashkent office enables direct engagement with Uzbek authorities, registration bodies, and counterparties.
Primary authority: Civil Code of the Republic of Uzbekistan No. 163-I dated 29 August 1996 (as amended); Law “On Investments and Investment Activity” No. ZRU-598 dated 25 December 2019. Authority: lex.uz
Uzbekistan — Market Context 2025
USD 145B
GDP — Central Asia’s second largest economy
7.7%
Real GDP growth — among the fastest globally in 2025
USD 43B
Foreign direct investment in 2025 — up 1.6x year on year
17,000+
Foreign-invested enterprises operating in Uzbekistan
Key Considerations
Supply & Goods Contracts
International and domestic supply agreements for Uzbekistan — delivery terms, acceptance, quality standards, defect liability, payment mechanics, and currency provisions. Uzbekistan’s foreign trade has exceeded USD 81 billion in 2025, with exports growing 24% — generating significant demand for well-drafted supply contracts with Chinese, Turkish, and European counterparties.
Distribution & Agency Agreements
Exclusive and non-exclusive distribution agreements for foreign manufacturers entering the Uzbek market — territory, exclusivity, minimum purchase obligations, sub-distribution rights, and termination. Over 17,000 enterprises with foreign investment operating in Uzbekistan — each requiring distribution and commercial contracts adapted to Uzbek civil law.
Service & Consulting Agreements
Professional services, IT, consulting, and management service agreements under Uzbek law — scope, deliverables, payment, IP ownership, confidentiality, and liability. Bond Stone advises on structuring intercompany service agreements for multinational groups, including transfer pricing compliance under Uzbek tax law.
Construction & Infrastructure Contracts
Construction output in Uzbekistan rose 14.2% in 2025 — generating significant demand for EPC, construction, and infrastructure contracts adapted to Uzbek law. Bond Stone drafts and reviews construction contracts for foreign contractors and developers, advising on Uzbek law-specific requirements for state-tendered projects and PPP arrangements.
Experience
Bond Stone has drafted, reviewed, and negotiated commercial contracts in Uzbekistan across manufacturing, trade, pharmaceuticals, and professional services sectors for Chinese, Turkish, UAE, and European clients. Client confidentiality is maintained across all matters.
Distribution Agreement — Foreign Manufacturer
Commercial · Uzbekistan · Distribution
Drafting and negotiating an exclusive distribution agreement for a foreign manufacturer entering the Uzbek market — territory, exclusivity, minimum purchase obligations, currency provisions, and TIAC dispute resolution clause.
Construction Contract — Infrastructure Project
Commercial · Uzbekistan · Construction
Reviewing and adapting a construction contract for a foreign contractor on an Uzbek infrastructure project — Uzbek law-specific requirements for state-tendered projects, performance bond provisions, and delay liquidated damages.
Supply Agreement — Cross-border Trade
Commercial · Uzbekistan · Trade
Drafting a cross-border goods supply agreement between a foreign supplier and an Uzbek importer — delivery terms, quality standards, acceptance procedure, currency and payment provisions, and force majeure under Uzbek civil law.
Agency Agreement — Commercial Representative
Commercial · Uzbekistan · Agency
Drafting an agency agreement for a foreign company appointing an Uzbek commercial representative — distinguishing commercial agency from employment to avoid misclassification, commission structure, territory, and termination provisions.
Technology Licence — Uzbek Distributor
Commercial · Uzbekistan · Technology
Drafting a technology licence and distribution agreement for a foreign licensor entering Uzbekistan — IP ownership, royalty structure, sublicensing rights, registration requirements, and TIAC dispute resolution clause.
Pharmaceutical Supply Agreement
Commercial · Uzbekistan · Pharmaceuticals
Drafting a pharmaceutical supply agreement between a Turkish manufacturer and an Uzbek distributor — quality standards, regulatory compliance requirements, product registration obligations, and liability provisions under Uzbek civil law.
Framework Agreement — Chinese Supplier
Commercial · Uzbekistan · China
Drafting a framework supply agreement between a Chinese supplier and an Uzbek buyer for ongoing goods deliveries — order procedures, pricing mechanics, currency provisions, CISG analysis, and force majeure under Uzbek civil law.
Investing in Uzbekistan
Uzbekistan — Investment Framework
✦ 100% foreign ownership permitted in most sectors — no mandatory local partner requirement
✦ Enterprise with Foreign Investment (EFI) status confers additional guarantees — Law on Investments and Investment Activity No. ZRU-598 dated 25 December 2019
✦ 28 Special Economic Zones, 389 Small Industrial Zones — tax and customs duty exemptions for qualifying residents
✦ Active privatisation programme — 29 SOEs being privatised in 2025–2026, IPOs and SPOs of 12 large state enterprises
✦ Bilateral investment treaty network — 50+ BITs providing treaty arbitration access for qualifying investors
✦ Top FDI sources — China (25.6%), Russia (13.4%), Saudi Arabia (7.9%), Turkey (6.4%), UAE (5.8%)
Uzbekistan — English Common Law Jurisdiction
Tashkent International Financial Centre (TIFC)
Established by Presidential Decree No. PD-48 on 31 March 2026 — English common law framework, independent TFSA regulator, Tashkent International Commercial Court, and tax exemptions until 2076. Bond Stone is positioning clients for TIFC entry ahead of the framework becoming fully operational.
Why Bond Stone
✦ Tashkent office — direct engagement with Uzbek authorities, registration bodies, and local counterparties
✦ Active Uzbekistan corporate practice — joint ventures, M&A, commercial contracts, and restructuring across energy, manufacturing, and trading sectors
✦ Chinese investor expertise — Bond Stone advises Chinese investors entering Central Asia through Uzbekistan
✦ Ranked Legal 500 EMEA and IFLR1000
Primary authority: lex.uz
Discuss your Uzbekistan matter
Contact Bond Stone for a confidential discussion about commercial contracts in uzbekistan in Uzbekistan.
📧 info@bondstonelaw.com
📞 +7 (701) 729 76 72
Request a Confidential Consultation
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