Supportive Environment
Uzbekistan’s ongoing transformation presents genuine opportunities for foreign investors to expand their presence in the country. Through comprehensive reforms, infrastructure development, and improved governance, Uzbekistan has made significant progress in creating a more business-friendly environment.
Foreign Investor Council under the President of Uzbekistan
The Foreign Investors Council under the President of Uzbekistan was established in 2019 by presidential decree to promote dialogue between the government and major foreign investors. Meeting quarterly, the Council composed of representatives from international corporations, diplomatic missions, and financial institutions.
Members can discuss and propose changes to laws and regulations. The Council has helped resolve investor disputes, advised on the investment strategy and supported public-private partnership frameworks. It has contributed to improving Uzbekistan’s rankings in international business indices and attracting new foreign investment. Learn more
Tashkent International Arbitration Center
The Tashkent International Arbitration Center (TIAC), established in 2018, was created to improve Uzbekistan's investment climate. Operating under the 2021 International Commercial Arbitration Law it is also compliant with the UNCITRAL Model Law.
TIAC offers tax exemptions and work permit waivers for foreign arbitrators, and allows the application of foreign laws. Arbitrators can operate without local law licenses, and TIAC’s decisions are enforceable globally under the New York Convention.
TIAC conducts multilingual and online arbitrations, and has handled nearly 70 international cases. Some key incentives include zero administration fees, a strategic partnership with HKIAC, and specialized rules for technology disputes.
