Uzbekistan introduces a new procedure for determining the customs value of imported products
The Cabinet of Ministers of the Republic of Uzbekistan approved the Regulation on the procedure for determining the customs value of goods imported into the customs territory of the Republic of Uzbekistan by Resolution No.160 dated April 6, 2022 (the “Regulation”). Resolution No.160 was adopted in accordance with Decree of the President “On measures to further improve the activities of justice bodies and institutions in the implementation of state legal policy” No.УП-5997 dated May 19, 2020.
The law on insolvency has been adopted in Uzbekistan
In Uzbekistan, on April 13, 2022, a new law “On insolvency” No. ZRU-763 dated April 12, 2022 (the “Law on insolvency”) came into force. The Law on insolvency regulates the insolvency of legal entities and individuals, as well as individual entrepreneurs, but does not apply to government agencies and other non-profit organizations.
There have been taken steps to boost private investment and further build confidence in the business community in Uzbekistan
The President of the Republic of Uzbekistan adopted Decree “On regular reforms to create conditions for stable economic growth by improving the business environment and developing the private sector” No.УП-101 dated April 8, 2022 (the – “Decree No.УП-101”).
There has been approved the procedure for issuing permits for the right to use subsoil plots in Uzbekistan
In accordance with the Decree of the President of the Republic of Uzbekistan “On measures to further stimulate geological exploration and improve the procedure for taxing subsoil users” No.УП-6319 dated October 6, 2021 from January 1, 2022
11.04.2022
On April 11, 2022, Legal 500, a global legal directory, released its rankings of leading law firms and lawyers in Europe, Middle East and Africa - Legal 500 EMEA 2022.
Uzbekistan has developed a special program for IT companies and specialists in the field of information technology
The company's activities must comply with the parameters of the list given in the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan “On measures to organize the activities of the technological park of software products and information technologies” No.589 dated July 15, 2019 (the “Resolution No.589”).