UZBEKISTAN \u00a0\u00b7\u00a0 M&A<\/p>\n
Bond Stone advises on asset acquisitions in Uzbekistan \u2014 purchase of real property, business assets, equipment, and regulatory licences from private companies and state-owned enterprises, including asset purchase agreement drafting, title transfer, licence approvals, and regulatory compliance.<\/p>\n
Primary authority: Law of the Republic of Uzbekistan “On Companies with Limited and Additional Liability” No. 310-I dated 6 December 2001 (as amended); Law “On Investments and Investment Activity” No. ZRU-598 dated 25 December 2019. Authority: lex.uz<\/a><\/p>\n <\/p>\n Uzbekistan \u2014 Market Context 2025<\/p>\n USD 43B<\/p>\n FDI in 2025<\/p>\n<\/div>\n 25.6%<\/p>\n Chinese FDI share<\/p>\n<\/div>\n 7.7%<\/p>\n GDP growth 2025<\/p>\n<\/div>\n 17,000+<\/p>\n Foreign enterprises<\/p>\n<\/div>\n<\/div>\n<\/div>\n Asset deal vs share deal in Uzbekistan<\/p>\n Asset acquisitions in Uzbekistan are used where the buyer does not wish to assume the seller’s historical liabilities, the transaction involves a discrete asset rather than a going concern, or the seller is a state entity disposing of specific assets through the privatisation programme. Each asset class has its own transfer procedure under Uzbek civil law.<\/p>\n<\/div>\n Real property acquisition<\/p>\n Transfer of real property in Uzbekistan requires notarisation of the purchase agreement and state registration of the transfer. Bond Stone conducts title searches, verifies the absence of encumbrances and mortgages, and manages the full notarisation and registration process. Note: under Uzbek law, foreign legal entities and individuals have limited rights to own land \u2014 long-term lease is the typical structure for real property used by foreign investors.<\/p>\n<\/div>\n SOE asset acquisitions \u2014 privatisation context<\/p>\n Many asset acquisitions in Uzbekistan arise from the privatisation programme \u2014 where the state sells specific assets of a state-owned enterprise rather than the entity as a whole. Bond Stone advises on SOE asset acquisitions \u2014 assessing post-privatisation obligations, environmental liabilities from Soviet-era operations, and licence transfer requirements.<\/p>\n<\/div>\n Manufacturing equipment and industrial assets<\/p>\n Acquisition of manufacturing equipment and industrial assets \u2014 encumbrance search, purchase agreement, customs implications for asset import\/export, and transfer of operating licences and permits attached to the assets. Bond Stone advises on structuring equipment acquisitions to comply with Uzbek customs and tax requirements.<\/p>\n<\/div>\n<\/div>\n Bond Stone has advised on M&A transactions in Uzbekistan. Client confidentiality is maintained across all matters.<\/p>\n Industrial Plant \u2014 SOE Asset Sale<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 Manufacturing<\/p>\n Advising a foreign investor on acquisition of an Uzbek state-owned industrial plant \u2014 due diligence on assets and licences, post-privatisation obligations, environmental liability assessment, and asset purchase agreement.<\/p>\n<\/div>\n Commercial Real Estate \u2014 Tashkent<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 Real Estate<\/p>\n Acquisition of commercial real estate in Tashkent \u2014 title review, land use right analysis for foreign acquirer, encumbrance search, notarisation, and state registration of ownership transfer.<\/p>\n<\/div>\n Manufacturing Equipment \u2014 Chinese Buyer<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 China \u00b7 Manufacturing<\/p>\n Acquisition of manufacturing equipment from an Uzbek company for a Chinese buyer \u2014 encumbrance search, purchase agreement, customs analysis for potential cross-border movement, and transfer documentation.<\/p>\n<\/div>\n Licence Transfer \u2014 Pharmaceutical<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 Pharmaceuticals<\/p>\n Transfer of pharmaceutical manufacturing and distribution licences from a privatised Uzbek SOE to a foreign acquirer \u2014 regulatory approval from the Uzbek Ministry of Health, licence amendment, and compliance advisory.<\/p>\n<\/div>\n Real Property \u2014 Long-term Lease Structure<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 Real Estate<\/p>\n Structuring a foreign investor’s acquisition of Uzbek real property \u2014 advising on the long-term lease structure required for foreign legal entities, lease terms, and land use right protections.<\/p>\n<\/div>\n Distressed Asset \u2014 Enforcement Sale<\/p>\n Asset Acquisition \u00b7 Uzbekistan \u00b7 Distressed<\/p>\n Advising a buyer on acquiring Uzbek business assets through an enforcement sale \u2014 assessing vulnerability to challenge by the seller’s creditors, acquisition structure, and post-acquisition title security.<\/p>\n<\/div>\n<\/div>\n Uzbekistan \u2014 Investment Framework<\/p>\n \u2726 \u00a0100% foreign ownership permitted in most sectors \u2014 no mandatory local partner requirement<\/p>\n \u2726 \u00a0EFI status \u2014 investment protections for qualifying foreign investors under Law No. ZRU-598<\/p>\n \u2726 \u00a029 SOEs being privatised 2025\u20132026 \u2014 active M&A pipeline for foreign acquirers<\/p>\n \u2726 \u00a050+ BITs \u2014 treaty arbitration access and expropriation protection for qualifying investors<\/p>\n<\/div>\n Why Bond Stone<\/p>\n \u2726 \u00a0Tashkent office \u2014 direct engagement with Uzbek authorities<\/p>\n \u2726 \u00a0Chinese investor expertise \u2014 active ODI mandate pipeline<\/p>\n \u2726 \u00a0Ranked Legal 500 EMEA and IFLR1000 \u2014 Tashkent and Almaty offices<\/p>\n<\/div>\n Uzbekistan \u2014 English Common Law Jurisdiction<\/p>\n Tashkent International Financial Centre (TIFC)<\/p>\n The TIFC will enable M&A structures governed by English common law above Uzbek operating assets. Bond Stone is positioning clients ahead of the TIFC becoming fully operational.<\/p>\n Tashkent International Financial Centre \u2014 full guide \u2192<\/a><\/p>\n<\/div>\n Primary authority: lex.uz<\/a><\/p>\n Contact Bond Stone for a confidential discussion about Asset Acquisitions in Uzbekistan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> UZBEKISTAN \u00a0\u00b7\u00a0 M&A Asset Acquisitions in Uzbekistan Bond Stone advises on asset acquisitions in Uzbekistan \u2014 purchase of real property, business assets, equipment, and regulatory licences from private companies and state-owned enterprises, including asset purchase agreement drafting, title transfer, licence approvals, and regulatory compliance. Primary authority: Law of the Republic of Uzbekistan “On Companies with […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4720","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"ru","enabled_languages":["en","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/comments?post=4720"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4720\/revisions"}],"predecessor-version":[{"id":4722,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4720\/revisions\/4722"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nKey Considerations<\/h2>\n
\nExperience<\/h2>\n
\nInvesting in Uzbekistan<\/h2>\n
\nDiscuss your Uzbekistan M&A matter<\/h2>\n
\n\ud83d\udcde +7 (701) 729 76 72<\/a><\/p>\n
\n\u2190 Share Acquisitions<\/a>
\nCompetition & Merger Filings \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"