UZBEKISTAN \u00a0\u00b7\u00a0 FOREIGN INVESTMENT<\/p>\n
Bond Stone advises foreign investors on selecting the optimal legal vehicle for investment in Uzbekistan \u2014 comparing the OOO, JSC, SEZ resident entity, IT Tech Park entity, and the emerging TIFC structure across governance, liability, EFI status, tax incentives, and exit considerations.<\/p>\n
Primary authority: Law “On Companies with Limited and Additional Liability” No. 310-I dated 6 December 2001 (as amended); Law “On Joint-Stock Companies and Protection of Shareholders Rights” No. 223-I dated 26 April 1996 (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 145B<\/p>\n GDP 2025<\/p>\n<\/div>\n 7.7%<\/p>\n GDP growth 2025<\/p>\n<\/div>\n USD 43B<\/p>\n FDI 2025<\/p>\n<\/div>\n 50+<\/p>\n BITs \u2014 investor protection<\/p>\n<\/div>\n<\/div>\n<\/div>\n OOO (Limited Liability Company) \u2014 most common vehicle<\/p>\n The OOO (limited liability company) is the most commonly used investment vehicle for foreign investors in Uzbekistan. Governed by the Law on Companies with Limited and Additional Liability No. 310-I dated 6 December 2001. Key features: limited liability, flexible governance, lower compliance burden than a JSC, and straightforward registration. Minimum charter capital for EFI status: 400 million UZS with at least 15% foreign participation. Bond Stone recommends the OOO for most inbound investment mandates requiring an Uzbek operating entity.<\/p>\n<\/div>\n JSC (Joint-Stock Company)<\/p>\n The JSC (joint-stock company) is required for: financial institutions, companies with a large number of shareholders, and companies intending to list on the Tashkent Stock Exchange. Governed by the Law on Joint-Stock Companies No. 223-I dated 26 April 1996. Higher compliance burden than an OOO \u2014 mandatory annual audit and securities regulator oversight. Bond Stone advises on JSC formation for regulated financial institutions and privatised state enterprises being converted to JSC form.<\/p>\n<\/div>\n SEZ resident entity<\/p>\n Entities registered as residents of one of Uzbekistan’s 28 Special Economic Zones or 389 Small Industrial Zones operate under a specific legal and tax framework \u2014 with CIT exemptions, VAT exemptions, customs duty relief, and simplified administrative procedures. The entity form (OOO or JSC) is chosen based on activity and governance requirements \u2014 the SEZ resident status is then applied on top. Bond Stone advises on SEZ eligibility, application, and the interaction between SEZ status and EFI status.<\/p>\n<\/div>\n IT Tech Park resident<\/p>\n The Uzbekistan IT Tech Park \u2014 established by Presidential Decree No. UP-5099 dated 30 June 2017 \u2014 provides a specialised framework for IT companies with income tax exemption until 2028 (extendable), VAT exemption, social tax exemption, and simplified work permit procedures for foreign IT specialists. Bond Stone advises on IT Tech Park eligibility criteria and registration.<\/p>\n<\/div>\n TIFC entity \u2014 emerging English law option<\/p>\n The Tashkent International Financial Centre (established March 2026) will enable entities incorporated under English common law within the TIFC territory \u2014 with access to TFSA regulation and TICC dispute resolution. Bond Stone is monitoring the TIFC entity framework as implementing regulations are published and is positioning clients for TIFC entry ahead of the framework becoming fully operational.<\/p>\n<\/div>\n<\/div>\n Bond Stone has advised foreign investors on investment structuring in Uzbekistan. Client confidentiality is maintained across all matters.<\/p>\n 100% OOO Formation \u2014 Chinese Manufacturer<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 China<\/p>\n Advising a Chinese manufacturer on forming a 100% foreign-owned OOO in Uzbekistan \u2014 charter capital structuring to qualify for EFI status, governance arrangements, director appointment, and Single Window registration.<\/p>\n<\/div>\n SEZ OOO \u2014 Manufacturing Investor<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 SEZ<\/p>\n Advising a foreign manufacturer on establishing an OOO with SEZ resident status in Uzbekistan \u2014 SEZ eligibility assessment, OOO formation, SEZ application, and EFI status registration.<\/p>\n<\/div>\n IT Tech Park \u2014 Foreign IT Company<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 Technology<\/p>\n Advising a foreign IT company on IT Tech Park residency \u2014 eligibility assessment, entity formation, income tax exemption scope, and work permit advisory for foreign IT specialists.<\/p>\n<\/div>\n JSC Formation \u2014 Financial Services<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 Financial Services<\/p>\n Advising on JSC formation for a foreign financial services company entering Uzbekistan \u2014 minimum capital requirements, supervisory board structure, and regulatory licensing coordination.<\/p>\n<\/div>\n Vehicle Comparison \u2014 Market Entry<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 Advisory<\/p>\n Advising a Gulf investor comparing OOO, SEZ entity, and IT Tech Park residency for a planned Uzbek investment \u2014 comparative analysis of governance, EFI status, tax incentives, and exit strategy.<\/p>\n<\/div>\n TIFC Positioning Advisory<\/p>\n Investment Vehicles \u00b7 Uzbekistan \u00b7 TIFC<\/p>\n Advising a foreign financial services investor on the emerging TIFC entity framework \u2014 monitoring implementing regulations, assessing TIFC vs OOO structuring options, and preparing for TIFC entry.<\/p>\n<\/div>\n<\/div>\n Uzbekistan \u2014 Investment Framework<\/p>\n \u2726 \u00a0100% foreign ownership permitted in most sectors \u2014 Law No. ZRU-598<\/p>\n \u2726 \u00a0EFI status \u2014 additional protections for qualifying foreign investors<\/p>\n \u2726 \u00a028 SEZs, 389 Small Industrial Zones \u2014 tax and customs exemptions<\/p>\n \u2726 \u00a050+ BITs \u2014 investor-state arbitration and free transfer guarantees<\/p>\n<\/div>\n Uzbekistan \u2014 English Common Law Jurisdiction<\/p>\n Tashkent International Financial Centre (TIFC)<\/p>\n Established March 2026 \u2014 English common law investment framework, TFSA regulator, TICC commercial court, tax exemptions until 2076.<\/p>\n Tashkent International Financial Centre \u2014 full guide \u2192<\/a><\/p>\n<\/div>\n Why Bond Stone<\/p>\n \u2726 \u00a0Tashkent office \u2014 direct engagement with Uzbek investment authorities<\/p>\n \u2726 \u00a0Ranked Legal 500 EMEA and IFLR1000 \u2014 Tashkent and Almaty offices<\/p>\n<\/div>\n Primary authority: lex.uz<\/a><\/p>\n Contact Bond Stone for a confidential discussion about Investment Vehicles in Uzbekistan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> UZBEKISTAN \u00a0\u00b7\u00a0 FOREIGN INVESTMENT Investment Vehicles in Uzbekistan Bond Stone advises foreign investors on selecting the optimal legal vehicle for investment in Uzbekistan \u2014 comparing the OOO, JSC, SEZ resident entity, IT Tech Park entity, and the emerging TIFC structure across governance, liability, EFI status, tax incentives, and exit considerations. Primary authority: Law “On Companies […]<\/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-4775","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.5","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\/4775","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=4775"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4775\/revisions"}],"predecessor-version":[{"id":4777,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4775\/revisions\/4777"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nKey Framework<\/h2>\n
\nExperience<\/h2>\n
\nInvesting in Uzbekistan<\/h2>\n
\nDiscuss your Uzbekistan investment<\/h2>\n
\n\ud83d\udcde +7 (701) 729 76 72<\/a><\/p>\n
\n\u2190 Foreign Investment Hub<\/a>
\nInvestment Incentives & SEZs \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"