Uzbekistan develops new investment law

The Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov said that investors are asking to cancel privileges so that everyone has equal opportunities.

“Improving the tax system, equal distribution of the tax burden for all is very important for attracting foreign investment,” the head of the ministry stressed.

He drew attention to the fact that if earlier investors were counting on benefits, now they are waiting for their cancellation.

According to the minister, a new investment law is currently being prepared in Uzbekistan. All the existing legislation, decisions, decrees related to investments will be inventoried and reflected in the new law.