Starting a Business in One Day: Simplified Registration
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.
Get Your Money Back: How the VAT Refund (Cashback) System Works
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.
New Mortgage Programs: State Subsidies for Homebuyers
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.