IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Feb 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 15 February 2016 entered into force Decree No. 33 of the Cabinet of Ministers of Uzbekistan. It approved a liberalising measure concerning foreign investments.
Concretely, the measure approves a list of joint stock companies:

  • In which at least a 15% of the state share in the charter capital is to be realised by attracting foreign investors (list in Appendix 1);
  • In which at least a 15%-share of the charter capital is to be realised by attracting foreign investors,including through operations of issuance of additional shares (list in Appendix 2).

 
Decree No. 33 states that law-makers' goal with this state initiative is to attract more foreign investors into joint stock companies, to create favorable conditions for their active participation in corporate governance, modernisation, the technical and technological re-equipment of production, the organisation of production of high-quality, competitive products and their promotion on foreign markets, as well as to considerably reduce the state presence in the economy by reducing government assets and shares in the authorised capital of joint stock companies.
 
The attraction of foreign investors as a state priority is also emphasised in article 5 of Decree No. 33. It requests state bodies, as well as the companies listed in Appendix 1 and 2, to introduce measures for attraction of foreign investors. Broad media coverage in Internet, in the Uzbek media and abroad, containing information on the offered for purchase assets, preferences and rebates is also requested in the legal act.
 

AFFECTED COUNTRIES

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