Uzbekistan launches tax incentives to attract foreign investors

The government will exempt foreigners’ overseas income from tax under new regime.

President Shavkat Mirziyoyev has signed a decree “On measures to introduce a special tax regime for foreign citizens.”

According to the document, starting from January 1, 2026, a new taxation system for the income of foreign citizens will take effect. Under this regime, income earned from sources outside Uzbekistan will be exempt from personal income tax, provided certain conditions are met.

The requirements include:

– payment of a special fee of $50,000;

– opening a bank account in an authorized commercial bank in Uzbekistan or a crypto wallet on an authorized cryptocurrency exchange.

Individuals who have spent more than 30 calendar days in Uzbekistan within a consecutive 12-month period and who own or rent real estate in the country will be considered tax residents of Uzbekistan.

The decree notes that these measures are aimed at attracting foreign direct investment and creating favorable conditions for foreign citizens.

Prepared by: Дониёр Тухсинов

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