Investment Policy Monitor
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The Investment Policy Monitor provides the international investment community with up-to-date, country-specific information on recent policy developments affecting foreign direct investment (FDI).
Through its ongoing monitoring of investment policy changes, UNCTAD delivers cutting-edge and forward-looking contributions to investment policy discourse. The Monitor also supports evidence-based policymaking aimed at ensuring that foreign investment contributes to sustainable development. The Monitor also informs the analysis of global and regional investment policy trends featured in the World Investment Report, the Investment Policy Monitor publications and the joint UNCTAD-OECD Reports on G20 Investment Measures.
UNCTAD has tracked changes in national policies affecting FDI on an annual basis since 1992. Over time, the methodology has been revised to enhance the quality and consistency of reporting. The most recent revision, completed in 2024, further refined the monitoring framework and applied the updated classification to policy measures dating back to 2012.
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UNCTAD Investment Policy Monitor The UNCTAD Investment Policy Monitor database compiles official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting foreign investment (FDI-specific), as well as general investment measures that have a clear impact on such investment (FDI-related).
The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases).
The classification of measures as more or less favourable to investors is based solely on their potential impact on investors. The type of measures included in each category are described below. This classification does not reflect any value judgement by UNCTAD on the merit or suitability of the measure.
Classification of the nature of measures
More favourable to investors
Liberalization: includes privatization; lifting of entry restrictions (e.g. opening of sectors to FDI) and entry conditions (e.g. minimum capital requirement); removal (total or partial) of FDI screening or approval mechanisms; lifting of foreign exchange restrictions; liberalization of land access.
Facilitation: includes streamlining of investment procedures (e.g. one-stop shops); greater transparency of investment-related laws and procedures (e.g. information portals); introduction by IPAs and other entities of new services to assist investors (e.g. linkages programmes, investor visa facilitation or alternative dispute resolution mechanisms).
Promotion: includes establishment of IPAs or other institutions with a remit as investment promoters and expansion of their mandate; adoption of investment promotion strategy and plans; introduction of PPPs, auctions, and concessions initiatives or framework; introduction of OFDI promotion initiatives.
Incentives: includes adoption of new tax and financial incentives schemes for investment; introduction of other incentives (e.g. citizenship by investment programmes); adoption of new SEZ-related incentives.
Other regulatory changes: includes enhancement of investor treatment and protection guarantees; easing of labour or migration regulations concerning foreign hires and key personnel; removal of operational restrictions on investment (e.g. local content requirements).
Less favourable to investors
Entry: includes introduction or tightening of entry restrictions (e.g. total or partial ban on FDI in specific sectors); introduction or tightening of entry conditions (e.g. minimum investment threshold, joint venture requirements or State participation in strategic sectors); introduction or expansion of screening mechanisms for national security.
Treatment and operations: includes introduction or expansion of foreign exchange restrictions; introduction or expansion of restrictions on foreign hires and key personnel; removal or reduction of investment incentives; introduction or expansion of post-establishment requirements for local content; reduction of guarantees for investment treatment and protection; introduction or expansion of restrictions on OFDI.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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Investment Policy Measures
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Uzbekistan
16 May 2024Adopts new law on privatization of State property
On 14 February 2024, the President of Uzbekistan approved the Law “On privatization of state property” (Ўзбекистон Республикасининг Қонуни, 14.02.2024 йилдаги ЎРҚ-907-сон). The law aligns with the "Uzbekistan – 2030" strategy by aiming [...]
Uzbekistan
21 Jul 2023Introduces "one-stop-shop" and other services to assist investors
On 21 July 2023, the President of Uzbekistan issued Presidential Decree No. UP-111, introducing further reforms to propel investment attractiveness, export potential, and ongoing industrial and trade development. The Decree introduces [...]
Uzbekistan
10 Sep 2022Introduces tax incentives for renewable energy producers
On 9 September 2022, by the Presidential Decree No. UP-220, Uzbekistan introduced tax incentives for renewable energy producers. It reduced by 50 per cent the corporate income tax and property tax rates for legal entities producing [...]
Uzbekistan
07 Jun 2022Offers State budget support to provide investment projects above UZS200 billion with external infrastructure
On 7 June 2022, the Cabinet of Ministers of Uzbekistan adopted the Resolution “On approval of the State compensation for the creation of external infrastructure of investment projects of foreign and local investors”. It allows the [...]
Uzbekistan
08 Apr 2022Adopts new tax incentives to guarantee wider private sector participation
On 8 April 2022, the President of Uzbekistan signed Decree No.UP-101, which introduces several measures to improve the business environment for private sector development. They include: Allowing foreign investors to invest in real [...]
Uzbekistan
18 Mar 2022Privatizes assets in banking, telecommunication, and real estate
On 18 March 2022, by Presidential Decree No.PP-168, the President of Uzbekistan adopted measures to further reduce the participation of the State in the economy and accelerate the privatization process. The decree announced the privatization [...]
Uzbekistan
07 Oct 2021New incentives to foreign investors in mining and natural resources sectors
On 6 October 2021, the Presidential Decree No. UP-6319 “On measures for further stimulation of geological exploration and improvement of taxation for subsoil users” was signed. It introduces a number of tax and customs incentives to [...]
Uzbekistan
18 Aug 2021Adopts the International Commercial Arbitration law (based on the UNCITRAL Model Law)
On 18 August 2021, the Law on International Commercial Arbitration entered into force. It is based on the UNCITRAL Model Law on International Commercial Arbitration with amendments as adopted in 2006. [...]
Uzbekistan
11 Nov 2020Creates a new free economic zone for agricultural production and exports
On 11 November 2020, the Republic of Uzbekistan by decree set up a free economic zone “Karakalpak-agro”. The objective of the SEZ is to increase the production of agricultural products, to encourage the organization of the full process [...]
Uzbekistan
27 Oct 2020Privatizes several State assets
On 27 October 2020, the President of the Republic of Uzbekistan signed Presidential Decree No-6096 “On Measures for Accelerated Reform of Enterprises with State Participation and Privatization of State Assets”. It contains a list of [...]
Uzbekistan
01 Sep 2020New rules on foreign exchange transactions
On 1 September 2020, the resolution of the Board of the Central Bank of Uzbekistan concerning foreign exchange transactions entered into force. It facilitates and simplifies transfe procedures and reduces certain obligations. Furthermore, [...]
Uzbekistan
18 Aug 2020Government Commission for the Development of Export and Investment established
On 18 August 2020, Presidential Decree № УП-6042 established the Government Commission for the Development of Export and Investment. The mandate of the Commission includes, inter alia, (1) ensuring the effective implementation of investment [...]
Uzbekistan
28 May 2020Government supports touristic sector amid the pandemic
On 28 May 2020, the President of Uzbekistan signed the Decree on urgent measures to support the tourism sector for reducing the negative impact of the coronavirus pandemic No.УП-6002. It provides certain incentives and tax breaks for [...]
Uzbekistan
18 Feb 2020Law on Special Economic Zones adopted
On 18 February 2020, the Law on Special Economic Zones was published in the official gazette of Uzbekistan. It governs the creation, operation and liquidation of zones. Additionally, it also specifies roles of different public authorities [...]
Uzbekistan
31 Jan 2020Extends the list of public services available online
On 31 January 2020, Presidential Decree No. UP-5930 was issued. It extends the list of public services available online to include e.g. taxpayer registration, generation of extracts from the register of companies and applying for [...]
Uzbekistan
26 Jan 2020Adopts a comprehensive law on investment
On 26 January 2020, the Law № ЗРУ-598 on Investments and Investments Activities entered into force in Uzbekistan. It establishes a comprehensive regime for protection and promotion of foreign and domestic investments, as it brings [...]
Uzbekistan
13 Nov 2019Establishes the Foreign Investors Council
On 13 November 2019, the President of Uzbekistan established the Council of Foreign Investors. It is an advisory body to the President responsible for advising the Government on the most important areas of investment, industrial, technological [...]
Uzbekistan
13 Sep 2019Creates a new special economic zone and expands the existing one
On 13 September 2019, a Presidential Decree established the Chirokchi Special Economic Zone in the Kashkadarya region for 30 years with the aim to promoting modern production facilities for the production of high value-added products [...]
Uzbekistan
12 Jun 2019Adopts its first PPP law
On 12 June 2019, the Law “On Public-Private Partnership” No. ZRU-573 entered into force. It is the first statutory act in Uzbekistan to regulate public-private partnerships. The law indicates that PPP projects shall concern the design, [...]
Uzbekistan
27 May 2019Grants new subsidies for hotel construction
On 27 May 2019, the Government of Uzbekistan approved new regulations relating to subsidies to compensate part of investors’ expenses for the construction and equipping of new hotels. Subsidies are available for investors constructing [...]
Uzbekistan
29 Apr 2019Uzbekistan privatizes certain State companies
On 29 April 2019, the President of Uzbekistan signed the Resolution “On further measures for the improvement of the mechanisms for attracting foreign direct investment to the economy of the Republic of Uzbekistan”. It approved the [...]
Uzbekistan
20 Feb 2019Facilitation and promotion of investment in mining industry
The Regulation on Measures for the Fundamental Improvement and Integrated Development of the Building Material Industry was signed by the President of Uzbekistan on 20 February 2019. It provides a list of 275 deposits (plots) of non-metallic [...]
Uzbekistan
02 Sep 2017Relaxes capital controls on foreign currency
On 2 September 2017, the President issued a decree relaxing capital controls on foreign currency for businesses and individuals. Enterprises registered in Uzbekistan are now permitted to buy and sell currency for any purpose, including [...]
Uzbekistan
17 Jan 2017Simplifies procedures for the privatization of state-owned assets
On 17 January 2017, the President issued a decree "On measures to simplify and accelerate the privatization of state-owned assets for business purposes". The decree intends to create favourable conditions for doing business, simplify [...]
Uzbekistan
21 Dec 2015Minimum foreign stakes in joint stock companies set
On 21 December 2015, the Cabinet of Ministers issued a resolution “On additional measures on attraction of foreign investors in joint stock companies” according to which the share of foreign investor capital in joint stock companies [...]
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The Investment Policy Monitor provides the international investment community with up-to-date, country-specific information on recent policy developments affecting foreign direct investment (FDI).
Through its ongoing monitoring of investment policy changes, UNCTAD delivers cutting-edge and forward-looking contributions to investment policy discourse. The Monitor also supports evidence-based policymaking aimed at ensuring that foreign investment contributes to sustainable development. The Monitor also informs the analysis of global and regional investment policy trends featured in the World Investment Report, the Investment Policy Monitor publications and the joint UNCTAD-OECD Reports on G20 Investment Measures.
UNCTAD has tracked changes in national policies affecting FDI on an annual basis since 1992. Over time, the methodology has been revised to enhance the quality and consistency of reporting. The most recent revision, completed in 2024, further refined the monitoring framework and applied the updated classification to policy measures dating back to 2012.
-
UNCTAD Investment Policy Monitor The UNCTAD Investment Policy Monitor database compiles official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting foreign investment (FDI-specific), as well as general investment measures that have a clear impact on such investment (FDI-related).
The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases).
The classification of measures as more or less favourable to investors is based solely on their potential impact on investors. The type of measures included in each category are described below. This classification does not reflect any value judgement by UNCTAD on the merit or suitability of the measure.
Classification of the nature of measures
More favourable to investors
Liberalization: includes privatization; lifting of entry restrictions (e.g. opening of sectors to FDI) and entry conditions (e.g. minimum capital requirement); removal (total or partial) of FDI screening or approval mechanisms; lifting of foreign exchange restrictions; liberalization of land access.
Facilitation: includes streamlining of investment procedures (e.g. one-stop shops); greater transparency of investment-related laws and procedures (e.g. information portals); introduction by IPAs and other entities of new services to assist investors (e.g. linkages programmes, investor visa facilitation or alternative dispute resolution mechanisms).
Promotion: includes establishment of IPAs or other institutions with a remit as investment promoters and expansion of their mandate; adoption of investment promotion strategy and plans; introduction of PPPs, auctions, and concessions initiatives or framework; introduction of OFDI promotion initiatives.
Incentives: includes adoption of new tax and financial incentives schemes for investment; introduction of other incentives (e.g. citizenship by investment programmes); adoption of new SEZ-related incentives.
Other regulatory changes: includes enhancement of investor treatment and protection guarantees; easing of labour or migration regulations concerning foreign hires and key personnel; removal of operational restrictions on investment (e.g. local content requirements).
Less favourable to investors
Entry: includes introduction or tightening of entry restrictions (e.g. total or partial ban on FDI in specific sectors); introduction or tightening of entry conditions (e.g. minimum investment threshold, joint venture requirements or State participation in strategic sectors); introduction or expansion of screening mechanisms for national security.
Treatment and operations: includes introduction or expansion of foreign exchange restrictions; introduction or expansion of restrictions on foreign hires and key personnel; removal or reduction of investment incentives; introduction or expansion of post-establishment requirements for local content; reduction of guarantees for investment treatment and protection; introduction or expansion of restrictions on OFDI.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share
Latest publications
