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”).
Adoption of a new edition of the Labor Code as well as the entry into force of several laws are expected in Uzbekistan
At the twenty-fourth plenary session of the Senate of the Oliy Majlis of the Republic of Uzbekistan, held on March 17, 2022, the senators considered and approved the Law “On approval of the Labor Code of the Republic of Uzbekistan”.
There has been approved a new procedure for notifying the authorized body on the commencement or termination of activities in Uzbekistan
The Cabinet of Ministers of the Republic of Uzbekistan adopted resolution “On approval of a unified regulation on the procedure for notifying the authorized body on the commencement or termination of activities” No.88 dated February 25, 2022 (the “Regulation on the notification procedure”).
The licensing procedure through a special electronic system “License” is introduced in Uzbekistan
The Cabinet of Ministers of the Republic of Uzbekistan adopted resolution “On approval of a unified regulation on the procedure for licensing certain types of activities through a special electronic system” No.80 dated February 21, 2022, as well as resolution “On approval of a unified regulation on the procedure for issuing certain permitting documents through a special electronic system” No.86 dated February 22, 2022.
Chemical-industrial technopark “Chirchik” is being created in Tashkent
The President signed the Resolution “On measures for the creation of the Chirchik chemical-industrial Technopark in the Tashkent region” No.ПП-116 dated February 3, 2022 (the “Resolution No.ПП-116”).
Uzbekistan introduces new mechanisms to support the capital market
The Resolution of the President “On additional measures to implement effective capital market support mechanisms” No.ПП-90 dated January 17, 2022 (the “Resolution No.ПП-90”) establishes that from April 1, 2022 to December 31, 2024
22.02.2022
The Cabinet of Ministers adopted the Resolution “On additional measures to improve the procedure for organizing and conducting electronic online auctions and tenders” No.18 dated January 12, 2022 (the “Resolution No.18”).