Uzbek president pledges continued reforms, tax-free zone at Tashkent forum
Mirziyoyev said the centre will use English common law and zero taxes as Uzbekistan seeks to attract more than $150 billion in foreign investment.
- On Wednesday, Uzbek President Shavkat Mirziyoyev announced the Tashkent International Financial Centre at the Tashkent International Investment Forum, a tax-free zone operating under English common law.
- Since taking office in 2016, Mirziyoyev has dismantled capital controls and opened Uzbekistan's economy, attracting over $150 billion in foreign investment over nine years.
- Participants will enjoy zero-percent corporate income, property, and customs taxes with unrestricted capital movement. The government plans to auction $6 billion in assets this year and launch sovereign Islamic bonds.
- Forecasts indicate at least $10 billion in added value from artificial intelligence over five years, spurring creation of a special economic zone in Karakalpakstan with tax exemptions until 2034.
- Uzbekistan intends to join the United Nations Singapore Convention on Mediation to strengthen investor legal protections while positioning itself as a gateway between Central Asia and Europe.
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Uzbek president pledges continued reforms, tax-free zone at Tashkent forum
Uzbekistan's President Shavkat Mirziyoyev promised on Wednesday to continue economic reforms in the fast-growing Central Asian country, including establishing an independent financial regulator.
Tashkent Investment Forum highlights Uzbekistan’s emergence as regional economic hub
TASHKENT, JUN 17: The fifth Tashkent International Investment Forum (TIIF) concluded on Tuesday with strong participation from world leaders, international financial institutions, investors and business executives, showcasing Uzbekistan’s transformation into one of the region’s fastest-growing and most attractive investment destinations. The plenary session was attended by President of Uzbekistan Shavkat Mirziyoyev, President of Albania Bajram B…
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