Read useful updates and explanations for businesses and individuals in Uzbekistan.
As part of a large-scale reform to improve the 'ease of doing business' in Uzbekistan, the procedure for registering a new business has been radically simplified. Gone are the days of bureaucratic hurdles and visiting multiple state agencies. Today, you can register a new legal entity (like an LLC) or become a Sole Proprietor (IP) entirely online and often in less than a single business day.
The consumer VAT (Value Added Tax) refund, or 'cashback' system, is one of the most popular and successful recent tax initiatives in Uzbekistan. It serves a dual purpose: it provides a direct financial benefit to consumers while simultaneously acting as a powerful tool for public control, encouraging businesses to operate transparently and combat the shadow economy.
Making homeownership more accessible for its citizens is a key priority for the government of Uzbekistan. To this end, updated presidential decrees have refined and expanded the program for providing state subsidies to homebuyers, particularly targeting low- and middle-income families, young professionals, and those in need of improved housing conditions.
In our increasingly digital world, personal data has become one of the most valuable commodities. Recognizing this, Uzbekistan's Law 'On Personal Data' (updated in 2022) establishes a robust framework for how organizations must handle citizens' information. This law is not just for tech companies; it applies to any entity (a bank, a clinic, an online store, an employer) that collects, stores, or processes personal data.
The COVID-19 pandemic accelerated the move to remote work globally, and Uzbekistan's legislation has officially adapted to this new reality. The new Labor Code, which came into full force in 2023, formally introduces and regulates the concept of 'remote work' (or 'telework'), providing a much-needed legal framework for this growing employment model.
Some information about the 'Super Contract'. Given that many applicants who failed to get into university have questions about the super-contract, I will provide some explanations.
