Adopts a comprehensive law on investment
26 Jan 2020
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 together all former legislative acts on this matter, including the Law on Foreign Investments, on guarantees and measures to protect the rights of foreign investors, and on Investment Activities.
Although the new law preserves most guarantees and incentives provided for foreign investors, it envisages some changes in the investment regime in Uzbekistan. These include:
- special provisions in investment agreements relating to anti-corruption and anti-monopoly matters;
- additional benefits for investment in priority sectors granted on a case-by-case basis;
- investment subsidies relating to the financing of the construction of external engineering and communications networks;
- creation of a one-stop-shop service provided by the Ministry of Investment and Foreign Trade.
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Type:
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Entry and establishment (Ownership and control, Approval and admission)
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Entry and establishment (Ownership and control, Approval and admission)
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Treatment and operation (Non-discrimination, Nationalizations and expropriations, Capital transfer and FOREX, Dispute settlement, Operational conditions )
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Treatment and operation (Nationalizations and expropriations, Dispute settlement, Operational conditions)
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Sources:
