President Mirziyoyev unveils plans for Tashkent International Financial Center with 50-year tax exemptions

President Shavkat Mirziyoyev announced the initiative during the plenary session of the Fifth Tashkent International Investment Forum.

The president emphasized that strengthening the legal guarantee system for investors remains a top priority for the country. Ensuring investor rights through strong institutions and internationally recognized mechanisms is crucial for long-term economic growth, Shavkat Mirziyoyev noted.

Work on establishing the Tashkent International Financial Center began in March this year. Moving forward, the legal foundations of the new hub will be firmly secured through a dedicated constitutional law.

According to the president, a highly attractive tax framework will be established for the center’s participants. Specifically, corporate income tax, value-added tax, property tax, and customs duties will all be set at zero percent. The state will also guarantee the free movement of capital and allow transactions to be conducted in any foreign currency.

The project involves setting up a modern infrastructure designed to foster financial technology, digital assets, and green finance. Additionally, an independent financial regulator will be formed with the specific authority to adopt its own regulatory acts.

The special legal regime and associated incentives will be guaranteed for an initial period of 50 years.