101 profitable investment offers
from the regions of Uzbekistan
Agency for Foreign Investment Promotion in collaboration with the Development Center for Investment Projects and khokimiyats of regions developed 101 investment offers worth a total of USD 892 000 000.
The mandatory registration of
labor contracts is introduced from 2020 in Uzbekistan
In Resolution of the Cabinet of Ministers No.971 dated December 5, 2019 a mechanism is being introduced to work with the interdepartmental hardware-software complex Unified National Labor System (UNLS).
A new procedure for the
circulation of securities has been
established in Uzbekistan
The capital market Development Agency Republic of Uzbekistan has established a new procedure for the circulation of securities. The new procedure allows circulation of securities only in the case of after the completion of their placement period.
20.12.2019
Starting from January 1, 2020, liquidation procedures will be simplified. In particular, the announcement of the liquidation of the enterprise no longer needs to be published in print media, liquidating business should post the announcement on the website of the State Services Agency.
Deputies adopted the new edition of the Tax Code of Uzbekistan
The new edition of the Tax Code introduces a risk analysis program and, in accordance with that, business entities are divided into 3 segments automatically in case of danger.
20.12.2019
From July, 1 2020, the procedure of registration of foreign citizens and stateless persons who are in the country for a period of not more than 30 days is proposed to be abolished. This reformation is provided for in the draft Decree of the President of the Republic of Uzbekistan “On additional measures to improve the effectiveness of ongoing reforms in the tourism sector” developed by the State Committee for Tourism Development.
20.12.2019
British magazine The Economist named Uzbekistan as the country of the year, while other candidates were New Zealand, Northern Macedonia and Sudan. According to the publication, Uzbekistan still has a long way to go, but in 2019 no other country has improved so far.
09.12.2019
Chambers&Partners has recently released its 2020 Asia-Pacific Guide, in which GRATA International has confirmed its status as one of the leading legal experts in Central Asia and Caspian region, with rankings in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.
09.12.2019
On December 6, 2019, on the eve of the 27th anniversary of the Constitution Day of the Republic of Uzbekistan, the Grand Opening of the regional branch of the international law firm GRATA International took place in Navoi.
Changes in conducting
exploration works
in Uzbekistan
On November 18, 2019, the President signed the Resolution “On measures to improve the system of organizing and conducting exploration work for oil and gas”.