20.12.2021
In the rankings, released by Chambers & Partners, GRATA International has confirmed its standing as one of the leading firms in Central Asia and Caspian region. Teams in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan received ratings across major practice areas.
06.12.2021
On December 2, 2021, GRATA International held the final international online conference: "Public-private partnership and infrastructure development in Eurasia: recent changes in legislation, main problems and opportunities" for this year.
Uzbekistan establishes a special procedure for placing the rights to use a subsoil plot for competitive bidding
The Decree of the President of the Republic of Uzbekistan “On measures for further stimulation of geological exploration works and improvement of the procedure of taxation of subsoil users” No.УП-6319 dated October 6, 2021 (the – “Decree No.УП-6319”) provides for a special tender procedure for the right to use the subsoil for geological exploration or mining in previously explored areas with commercial potential.
Investors will be granted a tax deferral in Uzbekistan
By the Decision of the President of the Republic of Uzbekistan “On improvement of mechanisms of tax deferral by domestic and foreign Investors” No.ПП-5274 dated from November 2, 2021 (the “Decision No.ПП-5274”), the business entities have been granted tax benefits in the form of a deferral.
There have been established the liability for business activity without appropriate permits in Uzbekistan
The Law “On introduction of amendments and additions to certain legislative acts of the Republic of Uzbekistan in connection with the adoption of the Law of the Republic of Uzbekistan “On Licensing, Permitting and Notification Procedures”” No.ЗРУ-721 dated October 12, 2021 was adopted (the “Law No.ЗРУ-721”).
The process of privatization land plots for non-agricultural purpose is amended in Uzbekistan
In accordance with Law “On privatization of non-agricultural land” No.ЗРУ-728 dated November 15, 2021 (the “Law on privatization”) the following are the objects of privatization