UZBEKISTAN \u00a0\u00b7\u00a0 M&A<\/p>\n
Bond Stone advises Chinese investors on entering Uzbekistan through M&A, joint ventures, and greenfield investment \u2014 coordinating Uzbek legal structuring with Chinese outbound direct investment (ODI) filing requirements, MOFCOM and NDRC approvals, EFI status, and ongoing compliance. China is Uzbekistan’s largest single FDI source at 25.6% of total inbound investment.<\/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 ODI filing \u2014 MOFCOM and NDRC<\/p>\n Chinese outbound direct investment into Uzbekistan requires registration with China’s Ministry of Commerce (MOFCOM) and, for larger transactions, approval from the National Development and Reform Commission (NDRC). The ODI filing must be completed before the Chinese investor can remit funds to Uzbekistan. Bond Stone coordinates with Chinese law firm counterparts on MOFCOM\/NDRC filing requirements \u2014 ensuring the Uzbek transaction timeline accounts for the Chinese regulatory process.<\/p>\n<\/div>\n Investment structuring \u2014 ODI compliance<\/p>\n The investment structure for Chinese outbound investment into Uzbekistan must be compatible with Chinese ODI regulations \u2014 direct investment through a WFOE (wholly foreign-owned enterprise) structure is the most common approach. Bond Stone advises on investment vehicle structuring to satisfy both Chinese ODI requirements and Uzbek EFI eligibility criteria simultaneously.<\/p>\n<\/div>\n EFI status for Chinese investors<\/p>\n Chinese investors acquiring a minimum 15% stake in an Uzbek entity with minimum 400 million UZS charter capital qualify for EFI (Enterprise with Foreign Investment) status \u2014 providing guarantees against expropriation without compensation, unrestricted profit repatriation, and national treatment under Uzbek investment law. Bond Stone advises on structuring Chinese investments to qualify for and maintain EFI status.<\/p>\n<\/div>\n Coordinating with Chinese law firms<\/p>\n Bond Stone has active working relationships with Chinese law firms advising on outbound investment into Central Asia \u2014 including Jingtian & Gongcheng, Dentons Beijing, and King & Wood Mallesons Shanghai. Bond Stone acts as Uzbek-side counsel on Chinese outbound investment mandates, providing Uzbek law due diligence, structuring advice, and transaction execution while coordinating with Chinese counsel on the ODI and offshore elements.<\/p>\n<\/div>\n Belt and Road \u2014 Uzbekistan context<\/p>\n Uzbekistan is a central node of China’s Belt and Road Initiative \u2014 the China-Kyrgyzstan-Uzbekistan railway project, cross-border energy infrastructure, and industrial park cooperation create growing Chinese investment flows into Uzbekistan’s manufacturing, energy, and logistics sectors. Bond Stone advises Chinese investors at every stage of Uzbek market entry \u2014 from initial feasibility through acquisition structuring to ongoing compliance.<\/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 Manufacturing JV \u2014 Chinese Investor<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 Manufacturing<\/p>\n Structuring a joint venture between a Chinese manufacturer and a local Uzbek partner \u2014 JV agreement, ODI filing coordination, EFI status confirmation, SEZ residency application, and shareholders agreement under Uzbek law.<\/p>\n<\/div>\n Acquisition \u2014 Chinese Energy Company<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 Energy<\/p>\n Advising a Chinese energy company on acquisition of an Uzbek energy asset \u2014 ODI filing with MOFCOM\/NDRC, EFI structuring, SPA negotiation, and Antimonopoly Committee notification.<\/p>\n<\/div>\n ODI Filing Coordination \u2014 MOFCOM<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 ODI<\/p>\n Coordinating MOFCOM ODI registration for a Chinese company investing in an Uzbek manufacturing enterprise \u2014 advising on Chinese filing requirements, timeline coordination with the Uzbek transaction, and fund remittance clearance.<\/p>\n<\/div>\n Greenfield Investment \u2014 Industrial Park<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 Manufacturing<\/p>\n Advising a Chinese manufacturer on greenfield investment in an Uzbek industrial park \u2014 site selection, SEZ eligibility, investment agreement with park administration, company formation, and EFI registration.<\/p>\n<\/div>\n Jingtian & Gongcheng Referral \u2014 Mining DD<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 Mining<\/p>\n Uzbek-side legal due diligence for a Chinese investor introduced through Jingtian & Gongcheng \u2014 corporate title, regulatory licence review, environmental assessment, and acquisition structuring advice.<\/p>\n<\/div>\n Belt and Road \u2014 Logistics Investment<\/p>\n Chinese Investment \u00b7 Uzbekistan \u00b7 Logistics<\/p>\n Advising a Chinese logistics company on investment in Uzbek transport infrastructure \u2014 investment vehicle structuring, ODI compliance, EFI status, land use rights for logistics facility, and employment compliance.<\/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 Chinese Investment in Uzbekistan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> UZBEKISTAN \u00a0\u00b7\u00a0 M&A Chinese Investment in Uzbekistan Bond Stone advises Chinese investors on entering Uzbekistan through M&A, joint ventures, and greenfield investment \u2014 coordinating Uzbek legal structuring with Chinese outbound direct investment (ODI) filing requirements, MOFCOM and NDRC approvals, EFI status, and ongoing compliance. China is Uzbekistan’s largest single FDI source at 25.6% of total […]<\/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-4726","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.3","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\/4726","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=4726"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4726\/revisions"}],"predecessor-version":[{"id":4728,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4726\/revisions\/4728"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nKey Considerations for Chinese Investors<\/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 Competition & Merger Filings<\/a>
\n\u2190 M&A Hub Uzbekistan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"