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Commercial Contracts in Uzbekistan

Commercial Contracts in Uzbekistan

Commercial Contracts in Uzbekistan

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.

Tashkent International Financial Centre — full guide →

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

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