The Peculiarities of Modern Investment Legislation of the Republic of Uzbekistan

  • Zaynobiddinova Farangiz PhD student of the University of World Economy and Diplomacy
DOI: https://doi.org/10.17605/ijie.v4i9.2167
Keywords: investment, investment environment, investment legislation, investment policy, investment subsidy, mediation, state support, tax credit, foreign trade

Abstract

Today the operating legal regulations provide an adequate state of guarantees of protection, tax benefits and preferences, incentives for foreign investors as well as government introduces new legal amendments and regulatory mechanisms to fulfill its obligations to ensure more favorable investment climate.

This article discusses the implementation of an active investment policy and the issues of the modern investment legislation in the country taking into account the main tasks set by the President in the Message of 2021. Besides, the scientific work analyses the features and differences of the previous legislation of the Law of the Republic of Uzbekistan “On Investments and Investment Activities”.

Moreover, based on the study, the main factors of a favorable investment environment and modern investment policy in the country are identified as an answer to the question of why investors should invest in Uzbekistan today.

References

1. Why invest in Uzbekistan? The Investment promotion Agency under the Ministry of Investment and Foreign trade of the Republic of Uzbekistan. https://invest.gov.uz/investor/uzbekistan-is-a-resource/
2. Doing Business 2020. International Bank for Reconstruction and Development .The World Bank 2020. http://documents.worldbank.org/curated/en/688761571934946384/pdf/Doing-Business-2020-Comparing-Business-Regulation-in-190-Economies.pdf
3. Strategy actions in five priority areas of the Republic of Uzbekistan in 2017-2021. https://strategy.uz/index.php?static=prioritetnye_napravleniya
4. Intergovernmental Group of Experts on E-Commerce and the Digital Economy Second session. 18-20 April 2018 Geneva. Contribution by UZBEKISTAN. https://unctad.org/meetings/en/Contribution/tdb_ede2018_c07. _Uzbekistan_en.pdf
5. National Legislation Database, 02.08.2018, 06/18/5495/1611. https://lex.uz/docs/3845273
6. National Legislation Database, 11.10.2019, 06/19/5848/3901. https://lex.uz/docs/4182345
7. National Legislation Database, 20.12.2018, 07/18/4067/2354. https://lex.uz/docs/4117465
8. National Legislation Database, 13.11.2019, 06/19/5881/4045. https://lex.uz/docs/4312752
9. National Legislation Database, 10.01.2020, 07/20/4563/0034. https://lex.uz/docs/4689644
10. National Legislation Database, 26.12.2019, 03/19/598/4221. https://www.lex.uz/docs/4751834
11. These Laws ceased to be effective from January 27, 2020 in accordance with the Law of the Republic of Uzbekistan dated December 25, 2019 No. LRU-598 “On Investments and Investment Activities”.
12. Tax Code of the Republic of Uzbekistan. National Legislation Database. 04.12.2019, 03/19/586/4106. https://lex.uz/docs/1286558
13. National Legislation Database. 01.05.2020, 09/20/264/0530. https://lex.uz/docs/4804055
14. Regulatory document approved with the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 264 of April 30, 2020
15. Law of the Republic of Uzbekistan “On Mediation”. National Legislation Database, 5.01.2020, 03/20/602/0052. https://lex.uz/docs/4407205
16. Article 20 and 23 of the Law of the Republic of Uzbekistan “On Mediation”.
17. Text of President Shavkat Mirziyoyev’s Address to the Oliy Majlis. 28.12.2018y // https://president.uz/uz/lists/view/2228
Published
2021-09-24
How to Cite
[1]
Farangiz, Z. 2021. The Peculiarities of Modern Investment Legislation of the Republic of Uzbekistan. International Journal on Integrated Education. 4, 9 (Sep. 2021), 123-129. DOI:https://doi.org/10.17605/ijie.v4i9.2167.
Issue
Vol. 4 No. 9 (2021): IJIE
Section
Articles

Copyright (c) 2021 Zaynobiddinova Farangiz

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

In submitting the manuscript to the International Journal on Integrated Education (IJIE), the authors certify that:

  • They are authorized by their co-authors to enter into these arrangements.
  • The work described has not been formally published before, except in the form of an abstract or as part of a published lecture, review, thesis, or overlay journal.
  • That it is not under consideration for publication elsewhere,
  • The publication has been approved by the author(s) and by responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
  • They secure the right to reproduce any material that has already been published or copyrighted elsewhere.
  • They agree to the following license and copyright agreement.

License and Copyright Agreement

Authors who publish with International Journal on Integrated Education (IJIE) agree to the following terms:

  • Authors retain copyright and grant the International Journal on Integrated Education (IJIE) right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  • Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the International Journal on Integrated Education (IJIE) published version of the work (e.g., post it to an institutional repository or edit it in a book), with an acknowledgment of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.